AGNC Investment (NASDAQ:AGNC) Price Target Increased to $11.00 by Analysts at Royal Bank of Canada

AGNC Investment (NASDAQ:AGNC) had its price target upped by Royal Bank of Canada from $10.00 to $11.00 in a research note published on Friday, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

AGNC has been the topic of a number of other research reports. Janney Montgomery Scott started coverage on shares of AGNC Investment in a report on Thursday, June 6th. They set a buy rating and a $10.50 price objective on the stock. Jonestrading dropped their price target on AGNC Investment from $10.75 to $10.25 and set a buy rating for the company in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. increased their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an overweight rating in a research note on Tuesday, July 16th. Maxim Group downgraded AGNC Investment from a buy rating to a hold rating in a report on Wednesday, July 24th. Finally, Compass Point raised their price target on AGNC Investment from $10.25 to $11.00 and gave the stock a buy rating in a research note on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $10.13.

AGNC Investment Stock Performance

NASDAQ AGNC opened at $10.10 on Friday. The firm has a market cap of $7.34 billion, a P/E ratio of 11.10 and a beta of 1.48. AGNC Investment has a 52-week low of $6.81 and a 52-week high of $10.57. The business’s 50-day moving average price is $9.92 and its 200 day moving average price is $9.68. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last released its 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). AGNC Investment had a return on equity of 26.78% and a net margin of 16.15%. The firm had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. During the same quarter last year, the business posted $0.67 EPS. The firm’s revenue was up 52.1% on a year-over-year basis. On average, equities research analysts expect that AGNC Investment will post 2.11 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a aug 24 dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th will be given a $0.12 dividend. This represents a dividend yield of 14.5%. The ex-dividend date of this dividend is Friday, August 30th. AGNC Investment’s payout ratio is currently 158.24%.

Insider Activity at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the sale, the chief financial officer now directly owns 298,182 shares in the company, valued at approximately $3,002,692.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently modified their holdings of AGNC. MeadowBrook Investment Advisors LLC bought a new stake in AGNC Investment during the fourth quarter valued at $30,000. Ashton Thomas Private Wealth LLC acquired a new position in AGNC Investment in the second quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of AGNC Investment by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of AGNC Investment during the 1st quarter worth approximately $38,000. Finally, Verity & Verity LLC bought a new stake in shares of AGNC Investment in the 1st quarter worth approximately $45,000. Institutional investors 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).