AGNC Investment Corp. (NASDAQ:AGNC) Receives $11.11 Average Target Price from Brokerages

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have earned an average rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $11.1111.

A number of research firms have issued reports on AGNC. Compass Point downgraded AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research note on Friday, July 17th. Piper Sandler upped their price objective on shares of 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 shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd.

AGNC Investment Stock Performance

Shares of NASDAQ:AGNC opened at $10.66 on Friday. The firm has a 50 day moving average of $10.67 and a 200-day moving average of $10.80. AGNC Investment has a 12 month low of $9.31 and a 12 month high of $12.19. The stock has a market capitalization of $12.24 billion, a PE ratio of 5.61 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 18.20%. The business had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm posted ($0.17) earnings per share. On average, research analysts predict that AGNC Investment will post 1.6 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The company 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 $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date of this dividend is Friday, July 31st. AGNC Investment’s dividend payout ratio is presently 75.79%.

Insider Transactions at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the sale, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donna Blank sold 22,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the sale, the director owned 96,471 shares in the company, valued at approximately $1,039,957.38. This trade represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds have recently added to or reduced their stakes in the business. Avion Wealth increased its position 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 valued at $27,000 after acquiring an additional 2,021 shares during the period. Sound Income Strategies LLC lifted its holdings 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 buying an additional 1,048 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of AGNC Investment during the 4th quarter valued at about $33,000. National Bank of Canada FI lifted its stake in shares of AGNC Investment by 100.9% in the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,690 shares in the last quarter. Finally, WealthCollab LLC acquired a new position in AGNC Investment during the 3rd quarter valued at about $33,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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.