Analysts Set AGNC Investment Corp. (NASDAQ:AGNC) Price Target at $11.25

AGNC Investment Corp. (NASDAQ:AGNC) has been given an average recommendation of “Hold” by the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $11.25.

Several research firms have recently weighed in on AGNC. UBS Group lifted their target price on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. lowered their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Piper Sandler increased their target price on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Wall Street Zen raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research report on Wednesday, June 24th.

AGNC Investment Price Performance

Shares of NASDAQ AGNC traded up $0.06 during trading on Monday, reaching $11.13. 12,142,136 shares of the stock traded hands, compared to its average volume of 14,685,414. AGNC Investment has a 52-week low of $9.11 and a 52-week high of $12.19. The company has a 50-day moving average of $10.55 and a 200-day moving average of $10.81. The stock has a market capitalization of $12.78 billion, a P/E ratio of 9.20 and a beta of 1.31.

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

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend is Friday, July 31st. AGNC Investment’s payout ratio is presently 119.01%.

Insider Activity

In related news, CEO Peter J. Federico sold 64,412 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total transaction of $713,684.96. Following the completion of the transaction, the chief executive officer owned 1,927,083 shares of the company’s stock, valued at approximately $21,352,079.64. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the sale, the director directly owned 96,471 shares in the company, valued at $1,039,957.38. This trade represents a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 215,234 shares of company stock worth $2,364,022. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AGNC. GoalVest Advisory LLC bought a new stake in AGNC Investment during the fourth quarter valued at $26,000. Avion Wealth increased its stake in AGNC Investment by 286.3% in the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 2,021 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of AGNC Investment by 61.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,048 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of AGNC Investment in the 4th quarter valued at about $33,000. Finally, National Bank of Canada FI boosted 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 acquiring an additional 1,690 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

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.