Analysts Set AGNC Investment Corp. (NASDAQ:AGNC) Target Price at $11.11

AGNC Investment Corp. (NASDAQ:AGNC) has received a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $11.1111.

A number of brokerages have recently weighed in on AGNC. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.50 price target (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Wells Fargo & Company lowered their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Compass Point downgraded shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research report on Friday, July 17th. Keefe, Bruyette & Woods cut their target price on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th.

AGNC Investment Stock Up 1.2%

AGNC stock opened at $10.94 on Tuesday. AGNC Investment has a 52 week low of $9.62 and a 52 week high of $12.19. The business has a 50-day simple moving average of $10.87 and a 200 day simple moving average of $10.69. The company has a market cap of $12.97 billion, a PE ratio of 5.76 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, topping analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. The firm had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company posted ($0.17) earnings per share. On average, analysts anticipate that AGNC Investment will post 1.6 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be given a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date is Monday, August 31st. AGNC Investment’s dividend payout ratio is currently 75.79%.

Insider Buying and Selling at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president directly owned 406,947 shares of the company’s stock, valued at $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB boosted its stake in shares of AGNC Investment by 0.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock valued at $3,851,000 after purchasing an additional 900 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in AGNC Investment by 0.9% in the 4th quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock valued at $1,118,000 after purchasing an additional 907 shares during the last quarter. Davidson Trust Co. lifted its stake in AGNC Investment by 4.4% in the 1st quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust’s stock valued at $234,000 after purchasing an additional 985 shares during the last quarter. Wedmont Private Capital boosted its position in AGNC Investment by 1.4% in the second quarter. Wedmont Private Capital now owns 73,805 shares of the real estate investment trust’s stock valued at $821,000 after buying an additional 988 shares in the last quarter. Finally, Spinnaker Investment Group LLC boosted its position in AGNC Investment by 1.4% in the second quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock valued at $824,000 after buying an additional 1,014 shares in the last quarter. Institutional investors and hedge funds 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.