Brokerages Set AGNC Investment Corp. (NASDAQ:AGNC) Target Price at $10.18

AGNC Investment Corp. (NASDAQ:AGNC) has been given an average rating of “Moderate Buy” by the ten research firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $10.1786.

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of AGNC Investment in a research report on Wednesday, October 8th. UBS Group upped their price objective 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. Piper Sandler upped their price objective on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Jones Trading restated a “buy” rating and issued a $10.00 price target on shares of AGNC Investment in a research report on Tuesday, October 21st. Finally, Keefe, Bruyette & Woods upped their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th.

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 that occurred 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 completion of the transaction, the chief executive officer directly owned 1,557,401 shares in the company, valued at approximately $15,994,508.27. This represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of AGNC Investment by 6.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 117,763 shares of the real estate investment trust’s stock valued at $1,128,000 after purchasing an additional 7,650 shares during the last quarter. Joel Isaacson & Co. LLC increased its position in shares of AGNC Investment by 19.0% during the first quarter. Joel Isaacson & Co. LLC now owns 19,666 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 3,134 shares during the period. KBC Group NV increased its position in shares of AGNC Investment by 10.2% during the first quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust’s stock worth $320,000 after buying an additional 3,081 shares during the period. Amalgamated Bank increased its position in shares of AGNC Investment by 10.4% during the first quarter. Amalgamated Bank now owns 45,807 shares of the real estate investment trust’s stock worth $439,000 after buying an additional 4,330 shares during the period. Finally, Astoria Portfolio Advisors LLC. increased its position in shares of AGNC Investment by 10.3% during the first quarter. Astoria Portfolio Advisors LLC. now owns 116,288 shares of the real estate investment trust’s stock worth $1,114,000 after buying an additional 10,873 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $10.18 on Wednesday. The firm has a 50 day moving average of $10.02 and a 200-day moving average of $9.51. The stock has a market capitalization of $10.60 billion, a PE ratio of 15.19 and a beta of 1.32. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. AGNC Investment has a 12 month low of $7.85 and a 12 month high of $10.63.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The company had revenue of $903.00 million for the quarter, compared to analyst estimates of $466.39 million. AGNC Investment had a return on equity of 19.44% and a net margin of 24.40%.During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, equities research analysts predict that AGNC Investment will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently declared a oct 25 dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be given a $0.12 dividend. This represents a yield of 1,440.0%. The ex-dividend date is Friday, October 31st. AGNC Investment’s dividend payout ratio is 214.93%.

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).