Royal Bank of Canada Reaffirms "Outperform" Rating for AGNC Investment (NASDAQ:AGNC)

Royal Bank of Canada reaffirmed their outperform rating on shares of AGNC Investment (NASDAQ:AGNC - Free Report) in a research report report published on Thursday,Benzinga reports. They currently have a $11.00 price target on the real estate investment trust's stock.

A number of other equities research analysts have also weighed in on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a report on Wednesday, January 29th. StockNews.com cut shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Saturday, October 19th. JPMorgan Chase & Co. dropped their target price on AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a research report on Monday, December 9th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.50.

AGNC Investment Trading Down 0.2 %

Shares of AGNC traded down $0.02 during trading hours on Thursday, reaching $9.95. 22,162,002 shares of the company traded hands, compared to its average volume of 20,030,492. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 10.26 and a beta of 1.48. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment has a 12 month low of $8.92 and a 12 month high of $10.85. The company's fifty day moving average price is $9.53 and its two-hundred day moving average price is $9.88.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Equities research analysts predict that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a $0.12 dividend. This represents a dividend yield of 15.5%. The ex-dividend date is Friday, January 31st. AGNC Investment's dividend payout ratio is currently 148.46%.

Insiders Place Their Bets

In related news, CFO Bernice Bell sold 13,000 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares of the company's stock, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.43% of the stock is owned by insiders.

Hedge Funds Weigh In On AGNC Investment

A number of hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC bought a new position in shares of AGNC Investment in the second quarter valued at $157,000. Bank of Montreal Can grew its position in AGNC Investment by 4.7% in the second quarter. Bank of Montreal Can now owns 39,968 shares of the real estate investment trust's stock worth $390,000 after acquiring an additional 1,777 shares in the last quarter. AQR Capital Management LLC acquired a new position in AGNC Investment during the second quarter worth $163,000. The Manufacturers Life Insurance Company raised its holdings in AGNC Investment by 11.4% during the second quarter. The Manufacturers Life Insurance Company now owns 183,911 shares of the real estate investment trust's stock valued at $1,755,000 after buying an additional 18,864 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of AGNC Investment in the second quarter worth about $668,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).