AGNC Investment Corp. (NASDAQ:AGNC) Receives $10.18 Consensus Price Target from Brokerages

AGNC Investment Corp. (NASDAQ:AGNC) has received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $10.3214.

AGNC has been the subject of several analyst reports. Jones Trading restated a “buy” rating and issued a $10.00 price objective on shares of AGNC Investment in a report on Tuesday, October 21st. Piper Sandler increased their price objective on AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. UBS Group upped their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of AGNC Investment from $10.50 to $11.00 and gave the company an “outperform” rating in a research note on Thursday.

AGNC Investment Price Performance

AGNC stock opened at $10.66 on Thursday. 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 stock has a market cap of $11.44 billion, a PE ratio of 15.91 and a beta of 1.36. The stock has a 50-day moving average price of $10.26 and a two-hundred day moving average price of $9.85. AGNC Investment has a 1 year low of $7.85 and a 1 year high of $10.74.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). AGNC Investment had a net margin of 24.40% and a return on equity of 18.84%. The firm had revenue of $836.00 million during the quarter, compared to the consensus estimate of $466.39 million. During the same quarter in the previous year, the firm posted $0.43 EPS. Equities analysts forecast that AGNC Investment will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. AGNC Investment’s payout ratio is presently 214.93%.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $10.27, for a total value of $470,345.46. Following the transaction, the chief executive officer directly owned 1,557,401 shares in the company, valued at $15,994,508.27. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AGNC. Cozad Asset Management Inc. boosted its position in shares of AGNC Investment by 59.0% in 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 acquiring an additional 67,355 shares during the period. Bogart Wealth LLC raised its stake in AGNC Investment by 78.0% in the 2nd quarter. Bogart Wealth LLC now owns 3,650 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,600 shares in the last quarter. Global Retirement Partners LLC bought a new stake in AGNC Investment in the 2nd quarter valued at about $325,000. Delphi Financial Group Inc. acquired a new position in shares of AGNC Investment during the 2nd quarter worth approximately $574,000. Finally, Quantbot Technologies LP bought a new position in shares of AGNC Investment during the second quarter worth approximately $6,170,000. 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.