Analysts Set AGNC Investment Corp. (NASDAQ:AGNC) PT at $10.33

Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $10.33.

AGNC has been the subject of several recent analyst reports. Wells Fargo & Company upgraded shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $10.00 to $12.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 16th. Royal Bank of Canada increased their price target on AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods boosted their price target on AGNC Investment from $10.00 to $10.25 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Finally, JMP Securities restated a "market perform" rating on shares of AGNC Investment in a report on Wednesday, August 28th.

AGNC Investment Price Performance

Shares of AGNC stock opened at $10.60 on Friday. The stock's 50-day moving average is $10.30 and its 200 day moving average is $9.92. AGNC Investment has a 1-year low of $6.81 and a 1-year high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $7.71 billion, a P/E ratio of 11.65 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). The firm had revenue of $695.00 million during the quarter, compared to the consensus estimate of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The firm's quarterly revenue was up 52.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 earnings per share. Research analysts predict that AGNC Investment will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently disclosed a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $0.12 dividend. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 14%. AGNC Investment's payout ratio is currently 158.24%.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the company's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total value of $49,850.00. Following the sale, the chief financial officer now directly owns 308,182 shares of the company's stock, valued at approximately $3,072,574.54. This represents a 0.00 % 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 link. 0.52% of the stock is currently owned by corporate insiders.

Institutional Trading of AGNC Investment

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in AGNC Investment by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust's stock valued at $621,628,000 after acquiring an additional 6,019,268 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of AGNC Investment during the 3rd quarter valued at approximately $17,463,000. Boston Partners increased its holdings in shares of AGNC Investment by 522.4% during the 1st quarter. Boston Partners now owns 1,437,698 shares of the real estate investment trust's stock valued at $14,229,000 after purchasing an additional 1,206,714 shares in the last quarter. Equity Investment Corp lifted its stake in shares of AGNC Investment by 16.2% in the 1st quarter. Equity Investment Corp now owns 6,870,571 shares of the real estate investment trust's stock valued at $68,019,000 after purchasing an additional 957,139 shares during the period. Finally, 1832 Asset Management L.P. purchased a new stake in AGNC Investment during the first quarter worth $7,920,000. Hedge funds and other institutional investors 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).