Compass Point Raises AGNC Investment (NASDAQ:AGNC) Price Target to $11.00

AGNC Investment (NASDAQ:AGNC) had its price target increased by Compass Point from $10.25 to $11.00 in a report published on Wednesday, Benzinga reports. Compass Point currently has a buy rating on the real estate investment trust’s stock.

Several other research firms have also recently issued reports on AGNC. JPMorgan Chase & Co. increased their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an overweight rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods increased their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an outperform rating in a report on Wednesday, July 10th. Jonestrading decreased their price objective on shares of AGNC Investment from $10.75 to $10.25 and set a buy rating for the company in a report on Tuesday, April 23rd. JMP Securities reiterated a market perform rating on shares of AGNC Investment in a report on Thursday, April 18th. Finally, Maxim Group cut shares of AGNC Investment from a buy rating to a hold rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $10.00.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $10.05 on Wednesday. The firm’s 50 day moving average is $9.83 and its two-hundred day moving average is $9.67. AGNC Investment has a 52 week low of $6.81 and a 52 week high of $10.64. The firm has a market capitalization of $7.31 billion, a P/E ratio of 11.04 and a beta of 1.48. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.78%. AGNC Investment’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. Analysts anticipate that AGNC Investment will post 2.11 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a jul 24 dividend, which will be paid on Friday, August 9th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.12 per share. This represents a yield of 13.8%. The ex-dividend date of this dividend is Wednesday, July 31st. AGNC Investment’s payout ratio is 158.24%.

Insider Buying and Selling

In related news, Director Paul E. Mullings sold 5,400 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the completion of the transaction, the director now owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Paul E. Mullings sold 5,400 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the completion of the transaction, the director now owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bernice Bell sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of the transaction, the chief financial officer now directly owns 309,973 shares of the company’s stock, valued at approximately $2,888,948.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,900 shares of company stock valued at $102,280. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Several institutional investors and hedge funds have recently modified their holdings of AGNC. MeadowBrook Investment Advisors LLC purchased a new stake in shares of AGNC Investment during the fourth quarter worth $30,000. LRI Investments LLC purchased a new stake in shares of AGNC Investment during the 1st quarter worth about $38,000. Verity & Verity LLC acquired a new stake in shares of AGNC Investment during the 1st quarter valued at about $45,000. CENTRAL TRUST Co acquired a new stake in shares of AGNC Investment during the 4th quarter valued at about $46,000. Finally, Allworth Financial LP grew its stake in shares of AGNC Investment by 76.5% in the 4th quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,096 shares in the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

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).