AGNC Investment Corp. (NASDAQ:AGNC) Stock Has Average Price Target of $10.12 According to Analysts

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have earned an average rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $10.12.

Several analysts have commented on AGNC shares. Weiss Ratings downgraded AGNC Investment from a “hold (c+)” rating to a “sell (d+)” rating in a research note on Friday, October 30th. Wells Fargo & Company decreased their price target on AGNC Investment from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Keefe, Bruyette & Woods decreased their price target on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Finally, JPMorgan Chase & Co. increased their price objective on AGNC Investment from $8.00 to $8.50 and gave the company a “neutral” rating in a research report on Friday, October 23rd.

AGNC Investment Price Performance

AGNC opened at $8.74 on Friday. The stock has a 50-day moving average price of $9.29 and a 200-day moving average price of $10.40. The firm has a market cap of $11.13 billion, a PE ratio of 874.87 and a beta of 1.40. AGNC Investment has a 1 year low of $8.38 and a 1 year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.06 billion. As a group, sell-side analysts anticipate that AGNC Investment will post 1.56 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.44 dividend on an annualized basis and a yield of 16.5%. AGNC Investment’s payout ratio is 14,400.00%.

Insider Buying and Selling at AGNC Investment

In related news, CEO Peter Federico sold 67,794 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $8.87, for a total value of $601,332.78. Following the transaction, the chief executive officer owned 1,846,083 shares of the company’s stock, valued at approximately $16,374,756.21. This trade represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB boosted its stake in shares of AGNC Investment by 0.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock worth $3,851,000 after acquiring an additional 900 shares during the last quarter. Wedmont Private Capital raised its stake in AGNC Investment by 1.4% during the 2nd quarter. Wedmont Private Capital now owns 73,805 shares of the real estate investment trust’s stock worth $821,000 after acquiring an additional 988 shares during the period. Spinnaker Investment Group LLC raised its stake in AGNC Investment by 1.4% during the 2nd quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock worth $824,000 after acquiring an additional 1,014 shares during the period. NWF Advisory Services Inc. raised its stake in AGNC Investment by 8.2% during the 2nd quarter. NWF Advisory Services Inc. now owns 13,475 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 1,026 shares during the period. Finally, World Investment Advisors lifted its holdings in AGNC Investment by 5.5% during the first quarter. World Investment Advisors now owns 20,528 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 1,064 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

About AGNC Investment

AGNC Investment Corp. is a mortgage real estate investment trust that focuses primarily on investing in agency residential mortgage-backed securities. These securities are backed by mortgages and carry guarantees or support from U.S. government agencies or government-sponsored enterprises. The company’s portfolio includes mortgage pass-through securities and collateralized mortgage obligations. AGNC finances its investments and uses hedging strategies to manage risks associated with interest rates and mortgage markets.