AGNC Investment Corp. (NASDAQ:AGNC) Receives $11.03 Consensus Target Price from Analysts

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have earned an average rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $11.0313.

Several equities research analysts have weighed in on AGNC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a report on Monday, December 29th. Wells Fargo & Company boosted their price target on shares of AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Wall Street Zen cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Piper Sandler raised their price objective on AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada lifted their target price on AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $10.64 on Tuesday. The stock has a market cap of $11.80 billion, a PE ratio of 7.60 and a beta of 1.37. The stock has a 50-day moving average of $11.35 and a 200-day moving average of $10.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.21. AGNC Investment has a one year low of $7.85 and a one year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $354.75 million. AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%. As a group, sell-side analysts expect that AGNC Investment will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date is Friday, February 27th. AGNC Investment’s payout ratio is 102.86%.

Insider Activity at AGNC Investment

In related news, EVP Kenneth L. Pollack sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $12.11, for a total value of $605,500.00. Following the completion of the transaction, the executive vice president directly owned 552,297 shares in the company, valued at approximately $6,688,316.67. The trade was a 8.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bernice Bell sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $12.14, for a total value of $303,500.00. Following the sale, the executive vice president directly owned 491,728 shares of the company’s stock, valued at approximately $5,969,577.92. The trade was a 4.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 775,000 shares of company stock worth $9,246,000. 0.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GoalVest Advisory LLC acquired a new position in AGNC Investment in the 4th quarter worth $26,000. Atlantic Union Bankshares Corp acquired a new stake in shares of AGNC Investment in the 3rd quarter valued at about $29,000. Sound Income Strategies LLC raised its stake in shares of AGNC Investment by 61.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,048 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of AGNC Investment in the fourth quarter valued at about $33,000. Finally, National Bank of Canada FI boosted its position in shares of AGNC Investment by 100.9% during the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,690 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.