AGNC Investment (NASDAQ:AGNC) Reaches New 1-Year High Following Analyst Upgrade

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price hit a new 52-week high on Friday after Keefe, Bruyette & Woods raised their price target on the stock from $10.50 to $11.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. AGNC Investment traded as high as $10.68 and last traded at $10.6930, with a volume of 2237120 shares traded. The stock had previously closed at $10.57.

Several other brokerages have also recently commented on AGNC. Royal Bank Of Canada raised their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Piper Sandler increased their price objective on shares of AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. UBS Group upped their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research note on Monday. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.32.

Insider Buying and Selling

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $10.27, for a total value of $470,345.46. Following the transaction, the chief executive officer owned 1,557,401 shares of the company’s stock, valued at approximately $15,994,508.27. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Red Tortoise LLC increased its position in AGNC Investment by 377.4% in the 2nd quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 2,185 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of AGNC Investment during the third quarter worth approximately $29,000. National Bank of Canada FI grew its stake in shares of AGNC Investment by 100.9% during the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,690 shares during the last quarter. WealthCollab LLC acquired a new stake in shares of AGNC Investment in the third quarter valued at approximately $33,000. Finally, Financial Life Planners acquired a new stake in shares of AGNC Investment in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Stock Up 1.0%

The firm’s 50-day moving average is $10.24 and its two-hundred day moving average is $9.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $11.45 billion, a P/E ratio of 15.92 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $836.00 million during the quarter, compared to the consensus estimate of $466.39 million. AGNC Investment had a net margin of 24.40% and a return on equity of 18.84%. During the same quarter in the previous year, the business posted $0.43 earnings per share. On average, equities research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date is Wednesday, December 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 214.93%.

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).