AGNC Investment (NASDAQ:AGNC) Cut to Hold at Jones Trading

Jones Trading downgraded shares of AGNC Investment (NASDAQ:AGNC) from a buy rating to a hold rating in a research report report published on Thursday, MarketBeat.com reports.

A number of other brokerages also recently commented on AGNC. Keefe, Bruyette & Woods lifted their target price on AGNC Investment from $10.50 to $11.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Royal Bank Of Canada raised their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research note on Monday, December 29th. Piper Sandler raised their target price on AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Barclays boosted their price target on shares of AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, AGNC Investment currently has a consensus rating of “Hold” and an average target price of $10.41.

AGNC Investment Trading Up 0.5%

NASDAQ AGNC opened at $11.85 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.31. AGNC Investment has a one year low of $7.85 and a one year high of $11.93. The company has a 50-day simple moving average of $10.81 and a 200-day simple moving average of $10.19. The firm has a market capitalization of $12.71 billion, a PE ratio of 17.69 and a beta of 1.36.

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 12.2%. AGNC Investment’s dividend payout ratio (DPR) is presently 214.93%.

Insider Activity at AGNC Investment

In other news, CEO Peter J. Federico sold 45,798 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were 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 approximately $15,994,508.27. This represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Choreo LLC grew its holdings in shares of AGNC Investment by 5.0% in the 3rd quarter. Choreo LLC now owns 20,784 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 985 shares in the last quarter. Sound Income Strategies LLC grew its stake in AGNC Investment by 61.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,048 shares in the last quarter. Brighton Jones LLC increased its position in shares of AGNC Investment by 7.2% during the 2nd quarter. Brighton Jones LLC now owns 15,800 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 1,064 shares during the last quarter. Pathstone Holdings LLC increased its position in shares of AGNC Investment by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 218,805 shares of the real estate investment trust’s stock worth $2,165,000 after purchasing an additional 1,065 shares during the last quarter. Finally, Compass Financial Group INC SD raised its stake in shares of AGNC Investment by 5.3% during the 3rd quarter. Compass Financial Group INC SD now owns 21,521 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 1,084 shares in the last quarter. Institutional investors 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.