AGNC Investment Corp. (NASDAQ:AGNC) Receives $9.96 Average Price Target from Analysts

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have earned an average rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $9.96.

A number of research analysts have recently commented on AGNC shares. JPMorgan Chase & Co. cut their price target on shares of AGNC Investment from $9.50 to $8.50 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Jones Trading cut their price target on shares of AGNC Investment from $10.25 to $9.50 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada cut their price target on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Finally, Argus reiterated a “hold” rating on shares of AGNC Investment in a report on Tuesday, April 29th.

AGNC Investment Trading Down 1.0%

Shares of AGNC opened at $8.79 on Wednesday. AGNC Investment has a twelve month low of $7.85 and a twelve month high of $10.85. The company has a market cap of $8.97 billion, a P/E ratio of 9.06 and a beta of 1.30. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $9.24 and its 200-day simple moving average is $9.55.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $846.00 million for the quarter, compared to the consensus estimate of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same quarter in the prior year, the firm posted $0.58 earnings per share. As a group, analysts expect that AGNC Investment will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a may 25 dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.12 per share. This represents a dividend yield of 16.2%. The ex-dividend date is Friday, May 30th. AGNC Investment’s dividend payout ratio (DPR) is 360.00%.

Insider Activity

In other AGNC Investment news, EVP Bernice Bell sold 8,000 shares of AGNC Investment stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $8.88, for a total transaction of $71,040.00. Following the sale, the executive vice president now owns 374,019 shares of the company’s stock, valued at $3,321,288.72. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kenneth L. Pollack sold 17,500 shares of AGNC Investment stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total transaction of $158,025.00. Following the sale, the executive vice president now directly owns 447,841 shares in the company, valued at approximately $4,044,004.23. This trade represents a 3.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,384 shares of company stock valued at $1,228,039 in the last three months. 0.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC boosted its position in shares of AGNC Investment by 5.6% during the 4th quarter. Hsbc Holdings PLC now owns 18,259 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 970 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of AGNC Investment by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 21,428 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 1,075 shares during the last quarter. Armstrong Advisory Group Inc. boosted its position in shares of AGNC Investment by 6.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 1,150 shares during the last quarter. Kovack Advisors Inc. boosted its position in shares of AGNC Investment by 0.5% during the 1st quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust’s stock valued at $2,130,000 after acquiring an additional 1,186 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its position in shares of AGNC Investment by 34.8% during the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 1,229 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

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).