AGNC Investment Corp. (NASDAQ:AGNC) Receives $10.34 Consensus Target Price from Analysts

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $10.4063.

AGNC has been the subject of several analyst reports. Royal Bank Of Canada boosted their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. upped their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Piper Sandler raised their price target on shares of AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a research note on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research report on Monday, December 29th. Finally, Jones Trading reissued a “buy” rating and issued a $10.00 price objective on shares of AGNC Investment in a report on Tuesday, October 21st.

AGNC Investment Stock Up 2.1%

Shares of AGNC Investment stock opened at $11.93 on Monday. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 17.81 and a beta of 1.36. AGNC Investment has a twelve month low of $7.85 and a twelve month high of $11.93. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $10.65 and its 200-day simple moving average is $10.11.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data 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 return on equity of 18.84% and a net margin of 24.40%.The company had revenue of $836.00 million for the quarter, compared to the consensus estimate of $466.39 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. Equities research analysts forecast that AGNC Investment will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend is Friday, January 30th. AGNC Investment’s dividend payout ratio (DPR) is 214.93%.

Insiders Place Their Bets

In related news, CEO Peter J. Federico sold 45,798 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 1,557,401 shares in the company, valued at $15,994,508.27. This represents a 2.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.42% of the stock is owned by insiders.

Institutional Trading of AGNC Investment

Institutional investors have recently made changes to their positions in the stock. Cozad Asset Management Inc. grew its position in AGNC Investment by 59.0% during the second quarter. Cozad Asset Management Inc. now owns 181,459 shares of the real estate investment trust’s stock valued at $1,668,000 after purchasing an additional 67,355 shares in the last quarter. Bogart Wealth LLC boosted its stake in shares of AGNC Investment by 78.0% during the 2nd quarter. Bogart Wealth LLC now owns 3,650 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,600 shares during the period. Global Retirement Partners LLC purchased a new position in shares of AGNC Investment during the 2nd quarter valued at $325,000. Delphi Financial Group Inc. purchased a new position in shares of AGNC Investment during the 2nd quarter valued at $574,000. Finally, Quantbot Technologies LP acquired a new position in shares of AGNC Investment in the second quarter worth $6,170,000. 38.28% of the stock is owned by institutional investors and hedge funds.

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.