BidaskClub Downgrades AGNC Investment (AGNC) to Sell
BidaskClub downgraded shares of AGNC Investment (NASDAQ:AGNC) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.
Several other equities analysts have also recently issued reports on the company. Wells Fargo & Co restated a market perform rating and issued a $19.00 price target on shares of AGNC Investment in a research report on Friday, December 1st. Zacks Investment Research cut AGNC Investment from a buy rating to a hold rating in a research report on Wednesday, November 1st. Finally, Maxim Group restated a buy rating and issued a $21.25 price target on shares of AGNC Investment in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $20.38.
Shares of AGNC Investment (AGNC) opened at $19.78 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.05. AGNC Investment has a 52-week low of $18.41 and a 52-week high of $22.34. The company has a market capitalization of $7,740.00, a PE ratio of 4.88 and a beta of 0.13.
AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The business had revenue of $178.00 million for the quarter, compared to analysts’ expectations of $177.50 million. AGNC Investment had a return on equity of 12.00% and a net margin of 145.02%. During the same quarter in the previous year, the firm earned $0.67 earnings per share. research analysts forecast that AGNC Investment will post 2.55 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which was paid on Tuesday, January 9th. Investors of record on Friday, December 29th were given a $0.18 dividend. This represents a $2.16 annualized dividend and a yield of 10.92%. The ex-dividend date of this dividend was Thursday, December 28th. AGNC Investment’s dividend payout ratio (DPR) is presently 53.33%.
A number of hedge funds have recently modified their holdings of AGNC. FNY Managed Accounts LLC purchased a new stake in AGNC Investment in the 3rd quarter valued at approximately $104,000. Chicago Partners Investment Group LLC boosted its holdings in AGNC Investment by 227.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,900 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 4,100 shares in the last quarter. Dana Investment Advisors Inc. purchased a new stake in AGNC Investment in the 3rd quarter valued at approximately $214,000. Crossmark Global Holdings Inc. purchased a new stake in AGNC Investment in the 3rd quarter valued at approximately $223,000. Finally, Summit Securities Group LLC boosted its holdings in AGNC Investment by 25.2% in the 3rd quarter. Summit Securities Group LLC now owns 13,400 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 2,700 shares in the last quarter. Hedge funds and other institutional investors own 65.41% of the company’s stock.
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About AGNC Investment
AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).
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