Several other brokerages have also weighed in on AGNC. Bank of America initiated coverage on AGNC Investment in a report on Monday, November 11th. They issued a neutral rating for the company. Maxim Group reaffirmed a buy rating and set a $18.00 target price on shares of AGNC Investment in a report on Friday, November 1st. Royal Bank of Canada started coverage on AGNC Investment in a report on Wednesday, October 2nd. They set a sector perform rating and a $16.00 target price on the stock. ValuEngine upgraded shares of AGNC Investment from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of AGNC Investment from a sell rating to a hold rating and set a $18.00 price target for the company in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $17.57.
Shares of NASDAQ AGNC opened at $17.31 on Friday. The stock has a market cap of $9.31 billion, a P/E ratio of 8.08, a P/E/G ratio of 2.72 and a beta of 0.26. The firm’s 50-day simple moving average is $17.05 and its 200 day simple moving average is $16.63. AGNC Investment has a fifty-two week low of $14.51 and a fifty-two week high of $18.29. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.03.
The business also recently disclosed a nov 19 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be given a dividend of $0.16 per share. The ex-dividend date is Wednesday, November 27th. AGNC Investment’s dividend payout ratio (DPR) is presently 81.70%.
In related news, Director Morris A. Davis acquired 7,350 shares of AGNC Investment stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $17.02 per share, with a total value of $125,097.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of AGNC Investment by 5.5% in the 2nd quarter. BlackRock Inc. now owns 57,356,164 shares of the real estate investment trust’s stock valued at $964,732,000 after purchasing an additional 2,995,801 shares during the period. Vanguard Group Inc. raised its holdings in AGNC Investment by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 52,108,759 shares of the real estate investment trust’s stock worth $876,469,000 after buying an additional 963,902 shares during the period. State Street Corp lifted its stake in AGNC Investment by 4.7% during the third quarter. State Street Corp now owns 18,284,966 shares of the real estate investment trust’s stock valued at $297,012,000 after buying an additional 828,696 shares in the last quarter. Janus Henderson Group PLC lifted its stake in AGNC Investment by 27.3% during the second quarter. Janus Henderson Group PLC now owns 6,390,192 shares of the real estate investment trust’s stock valued at $107,483,000 after buying an additional 1,369,624 shares in the last quarter. Finally, Carillon Tower Advisers Inc. boosted its holdings in shares of AGNC Investment by 60.1% in the second quarter. Carillon Tower Advisers Inc. now owns 6,236,700 shares of the real estate investment trust’s stock worth $104,901,000 after buying an additional 2,340,200 shares during the period. 67.25% of the stock is currently owned by institutional investors.
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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