Shares of AGNC Investment Corp. (NASDAQ:AGNC) have earned a consensus rating of “Hold” from the nine research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $19.46.
A number of brokerages have recently issued reports on AGNC. BidaskClub cut shares of AGNC Investment from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 19th. JPMorgan Chase & Co. increased their price objective on shares of AGNC Investment from $18.00 to $18.50 and gave the stock a “$19.11” rating in a research note on Monday, July 23rd. ValuEngine cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. Finally, Maxim Group increased their price objective on shares of AGNC Investment from $19.25 to $19.75 and gave the stock a “buy” rating in a research note on Friday, July 27th.
In other news, Director Morris A. Davis sold 6,797 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total value of $129,958.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.
Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of AGNC Investment by 8.0% during the second quarter. BlackRock Inc. now owns 37,567,717 shares of the real estate investment trust’s stock worth $698,383,000 after acquiring an additional 2,787,637 shares during the last quarter. State Treasurer State of Michigan boosted its position in shares of AGNC Investment by 31.4% during the second quarter. State Treasurer State of Michigan now owns 18,541,100 shares of the real estate investment trust’s stock worth $344,679,000 after acquiring an additional 4,435,300 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of AGNC Investment by 33.0% during the second quarter. Wells Fargo & Company MN now owns 10,365,601 shares of the real estate investment trust’s stock worth $192,696,000 after acquiring an additional 2,574,569 shares during the last quarter. Waddell & Reed Financial Inc. boosted its position in shares of AGNC Investment by 6.2% during the second quarter. Waddell & Reed Financial Inc. now owns 3,395,412 shares of the real estate investment trust’s stock worth $63,121,000 after acquiring an additional 197,600 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of AGNC Investment by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 1,900,713 shares of the real estate investment trust’s stock worth $35,334,000 after acquiring an additional 70,113 shares during the last quarter. Hedge funds and other institutional investors own 57.68% of the company’s stock.
AGNC stock traded up $0.07 during midday trading on Monday, reaching $19.19. 56,571 shares of the company’s stock traded hands, compared to its average volume of 3,930,103. AGNC Investment has a 52-week low of $17.84 and a 52-week high of $21.94. The stock has a market cap of $9.09 billion, a P/E ratio of 7.79 and a beta of 0.01. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.04.
AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The firm had revenue of $177.00 million during the quarter, compared to analysts’ expectations of $274.15 million. AGNC Investment had a net margin of 134.01% and a return on equity of 11.69%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 earnings per share. equities analysts forecast that AGNC Investment will post 2.44 earnings per share for the current year.
The company also recently disclosed a aug 18 dividend, which will be paid on Tuesday, September 11th. Stockholders of record on Friday, August 31st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, August 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.
About AGNC Investment
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).
Featured Story: Market Capitalization in the Stock Market
Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.