AGNC Investment Corp. (NASDAQ:AGNC) Receives Average Rating of “Hold” from Brokerages

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

AGNC has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $12.00 price objective on shares of AGNC Investment in a research note on Friday, April 24th. UBS Group raised their target price on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a research note on Friday, March 27th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of AGNC Investment in a research note on Thursday, June 4th.

Insider Buying and Selling at AGNC Investment

In related news, Director Donna Blank sold 22,000 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. This trade represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Peter J. Federico sold 64,412 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at $21,352,079.64. The trade was a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 215,234 shares of company stock valued at $2,364,022 over the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LFG Wealth Partners LLC grew its stake in shares of AGNC Investment by 9.4% in the 1st quarter. LFG Wealth Partners LLC now owns 299,242 shares of the real estate investment trust’s stock worth $3,001,000 after buying an additional 25,777 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of AGNC Investment by 132.6% in the 1st quarter. NewEdge Advisors LLC now owns 127,763 shares of the real estate investment trust’s stock worth $1,281,000 after buying an additional 72,831 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in shares of AGNC Investment by 41.3% in the 1st quarter. Integrated Investment Consultants LLC now owns 97,586 shares of the real estate investment trust’s stock worth $979,000 after buying an additional 28,531 shares in the last quarter. Edgestream Partners L.P. grew its stake in shares of AGNC Investment by 58.3% in the 1st quarter. Edgestream Partners L.P. now owns 392,817 shares of the real estate investment trust’s stock worth $3,940,000 after buying an additional 144,685 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of AGNC Investment by 4.7% in the 1st quarter. Janus Henderson Group PLC now owns 486,442 shares of the real estate investment trust’s stock worth $4,879,000 after buying an additional 21,800 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $10.46 on Thursday. The firm has a fifty day moving average price of $10.52 and a 200-day moving average price of $10.77. The stock has a market cap of $12.01 billion, a PE ratio of 8.64 and a beta of 1.32. AGNC Investment has a 1 year low of $9.05 and a 1 year high of $12.19.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of ($114.00) million during the quarter, compared to analysts’ expectations of $411.57 million. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. On average, research analysts expect that AGNC Investment will post 1.56 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date of this dividend is Tuesday, June 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 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.