AGNC Investment (NASDAQ:AGNC) PT Raised to $10.25

AGNC Investment (NASDAQ:AGNC) had its price target upped by Keefe, Bruyette & Woods from $10.00 to $10.25 in a research note issued to investors on Thursday, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the real estate investment trust’s stock.

A number of other equities analysts have also commented on AGNC. Compass Point raised their price target on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a buy rating in a research report on Wednesday, July 24th. Janney Montgomery Scott initiated coverage on shares of AGNC Investment in a report on Thursday, June 6th. They issued a buy rating and a $10.50 target price on the stock. Jonestrading decreased their target price on shares of AGNC Investment from $10.75 to $10.25 and set a buy rating on the stock in a report on Tuesday, April 23rd. JMP Securities reissued a market perform rating on shares of AGNC Investment in a report on Thursday, April 18th. Finally, Maxim Group lowered shares of AGNC Investment from a buy rating to a hold rating in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $10.00.

AGNC Investment Stock Performance

NASDAQ AGNC opened at $10.05 on Thursday. AGNC Investment has a 52-week low of $6.81 and a 52-week high of $10.64. The stock has a market cap of $7.31 billion, a PE ratio of 11.04 and a beta of 1.48. The firm has a 50-day moving average of $9.83 and a 200-day moving average of $9.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28.

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

AGNC Investment Announces Dividend

The business also recently declared 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 dividend yield of 13.8%. The ex-dividend date is Wednesday, July 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. MeadowBrook Investment Advisors LLC acquired a new position in shares of AGNC Investment in the 4th quarter worth approximately $30,000. LRI Investments LLC acquired a new position in shares of AGNC Investment during the 1st quarter valued at $38,000. Verity & Verity LLC acquired a new position in shares of AGNC Investment during the 1st quarter valued at $45,000. CENTRAL TRUST Co acquired a new position in shares of AGNC Investment during the 4th quarter valued at $46,000. Finally, Allworth Financial LP lifted its position in shares of AGNC Investment by 76.5% during the 4th quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 2,096 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

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).