AGNC Investment Corp. (NASDAQ:AGNC) Receives $11.06 Consensus Target Price from Brokerages

AGNC Investment Corp. (NASDAQ:AGNC) has received an average rating of “Hold” from the ten ratings firms that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $11.0625.

A number of brokerages recently commented on AGNC. Wells Fargo & Company boosted their price objective on shares of AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. lowered their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Piper Sandler lowered their price objective on shares of AGNC Investment from $12.50 to $10.50 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research note on Friday, March 27th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $12.00 target price (up from $11.00) on shares of AGNC Investment in a research note on Thursday, January 29th.

Insider Buying and Selling

In other AGNC Investment news, CEO Peter J. Federico sold 64,412 shares of AGNC Investment stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total value of $713,684.96. Following the completion of the sale, the chief executive officer directly owned 1,927,083 shares in the company, valued at $21,352,079.64. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total transaction of $237,160.00. Following the completion of the sale, the director owned 96,471 shares of the company’s stock, valued at $1,039,957.38. This trade represents a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 215,234 shares of company stock valued at $2,364,022 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of AGNC Investment

A number of institutional investors have recently added to or reduced their stakes in AGNC. AQR Capital Management LLC lifted its stake in shares of AGNC Investment by 51.9% in the first quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust’s stock worth $614,000 after buying an additional 21,897 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of AGNC Investment by 38.4% in the first quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 6,923 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of AGNC Investment by 16.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust’s stock worth $26,937,000 after buying an additional 387,524 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of AGNC Investment by 57.8% in the second quarter. Hsbc Holdings PLC now owns 37,642 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 13,793 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of AGNC Investment by 8.9% in the second quarter. Invesco Ltd. now owns 2,494,606 shares of the real estate investment trust’s stock worth $22,925,000 after buying an additional 203,610 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Price Performance

AGNC Investment stock opened at $10.21 on Friday. The firm’s 50 day simple moving average is $10.45 and its 200-day simple moving average is $10.75. AGNC Investment has a fifty-two week low of $8.72 and a fifty-two week high of $12.19. The company has a market cap of $11.72 billion, a P/E ratio of 8.44 and a beta of 1.35.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. The firm had revenue of ($114.00) million for the quarter, compared to the consensus estimate of $411.57 million. On average, analysts expect that AGNC Investment will post 1.56 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Friday, May 29th will be paid a $0.12 dividend. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 14.1%. AGNC Investment’s payout ratio is 119.01%.

AGNC Investment Company Profile

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.