AGNC Investment Corp. (NASDAQ:AGNC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have received an average rating of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $10.3929.

Several equities research analysts recently commented on the company. Royal Bank Of Canada upped their target price on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Jones Trading restated a “buy” rating and set a $10.00 price target on shares of AGNC Investment in a report on Tuesday, October 21st. Piper Sandler raised their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the stock an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. boosted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, UBS Group increased their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $10.86 on Thursday. The company has a market capitalization of $11.65 billion, a PE ratio of 16.21 and a beta of 1.36. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.01. AGNC Investment has a twelve month low of $7.85 and a twelve month high of $10.86. The firm has a fifty day simple moving average of $10.27 and a 200 day simple moving average of $9.86.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). AGNC Investment had a net margin of 24.40% and a return on equity of 18.84%. The firm had revenue of $836.00 million for the quarter, compared to the consensus estimate of $466.39 million. During the same period last year, the company posted $0.43 EPS. On average, sell-side analysts forecast that AGNC Investment will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Wednesday, December 31st. AGNC Investment’s dividend payout ratio is 214.93%.

Insider Activity at AGNC Investment

In related news, CEO Peter J. Federico sold 45,798 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $10.27, for a total value of $470,345.46. Following the completion of the sale, the chief executive officer directly owned 1,557,401 shares of the company’s stock, valued at $15,994,508.27. The trade was a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds have recently added to or reduced their stakes in AGNC. Red Tortoise LLC grew its holdings in shares of AGNC Investment by 377.4% during the second quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 2,185 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in AGNC Investment in the 3rd quarter valued at $29,000. Trust Co. of Vermont increased its position in shares of AGNC Investment by 1,003.0% during the 2nd quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 3,300 shares during the last quarter. National Bank of Canada FI increased its position in shares of AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,690 shares during the last quarter. Finally, WealthCollab LLC bought a new stake in shares of AGNC Investment during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.