BidaskClub Downgrades AGNC Investment (AGNC) to Strong Sell
BidaskClub cut shares of AGNC Investment (NASDAQ:AGNC) from a sell rating to a strong sell rating in a research report report published on Friday.
A number of other equities analysts have also issued reports on AGNC. Zacks Investment Research lowered shares of AGNC Investment from a strong-buy rating to a hold rating in a research report on Tuesday, October 17th. Maxim Group reiterated a buy rating and set a $21.25 target price on shares of AGNC Investment in a research report on Friday, October 27th. Finally, Wells Fargo & Co reiterated a market perform rating and set a $19.00 target price on shares of AGNC Investment in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $20.38.
AGNC Investment (AGNC) opened at $19.48 on Friday. AGNC Investment has a 12-month low of $18.41 and a 12-month high of $22.34. The stock has a market cap of $7,620.00, a P/E ratio of 4.81 and a beta of 0.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.24 and a current ratio of 0.24.
The firm also recently disclosed a jan 18 dividend, which will be paid on Thursday, February 8th. Investors of record on Wednesday, January 31st will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a yield of 11.09%. AGNC Investment’s dividend payout ratio is currently 53.33%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its holdings in AGNC Investment by 136.9% in the fourth quarter. State of Alaska Department of Revenue now owns 44,504 shares of the real estate investment trust’s stock valued at $897,000 after buying an additional 25,720 shares during the period. Westpac Banking Corp lifted its holdings in AGNC Investment by 18.4% in the fourth quarter. Westpac Banking Corp now owns 22,008 shares of the real estate investment trust’s stock valued at $444,000 after buying an additional 3,417 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in AGNC Investment by 6.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,315,502 shares of the real estate investment trust’s stock valued at $26,560,000 after buying an additional 78,127 shares during the period. Gateway Investment Advisers LLC lifted its holdings in AGNC Investment by 1.2% in the fourth quarter. Gateway Investment Advisers LLC now owns 666,455 shares of the real estate investment trust’s stock valued at $13,456,000 after buying an additional 7,890 shares during the period. Finally, National Pension Service acquired a new position in AGNC Investment in the fourth quarter valued at approximately $179,000. Institutional investors and hedge funds own 65.48% of the company’s stock.
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AGNC Investment Company Profile
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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