Shares of AGNC Investment Corp. (NASDAQ:AGNC) have been assigned a consensus recommendation of “Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $19.25.
Several analysts have recently weighed in on AGNC shares. BidaskClub downgraded AGNC Investment from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research raised AGNC Investment from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Monday, December 31st. Barclays cut their price objective on AGNC Investment from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, October 26th. ValuEngine raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Friday, December 7th. Finally, JPMorgan Chase & Co. raised AGNC Investment from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $17.50 to $18.00 in a research report on Thursday, December 20th.
In other news, Director Larry K. Harvey bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The shares were acquired at an average price of $17.74 per share, for a total transaction of $70,960.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd purchased a new position in shares of AGNC Investment in the 2nd quarter worth $127,000. Stratos Wealth Partners LTD. acquired a new stake in AGNC Investment during the 3rd quarter worth approximately $144,000. NEXT Financial Group Inc acquired a new stake in AGNC Investment during the 3rd quarter worth approximately $170,000. First Hawaiian Bank acquired a new stake in AGNC Investment during the 3rd quarter worth approximately $170,000. Finally, Northern Oak Wealth Management Inc. boosted its position in AGNC Investment by 69.0% during the 3rd quarter. Northern Oak Wealth Management Inc. now owns 9,800 shares of the real estate investment trust’s stock worth $183,000 after buying an additional 4,000 shares during the period. Institutional investors and hedge funds own 58.62% of the company’s stock.
AGNC stock traded up $0.13 during midday trading on Friday, reaching $17.89. 205,995 shares of the company’s stock traded hands, compared to its average volume of 5,423,284. The firm has a market capitalization of $9.39 billion, a PE ratio of 7.27, a price-to-earnings-growth ratio of 2.43 and a beta of 0.13. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.03. AGNC Investment has a 52 week low of $16.96 and a 52 week high of $19.85.
AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.59 by $0.02. The business had revenue of $188.00 million during the quarter, compared to analyst estimates of $324.65 million. AGNC Investment had a return on equity of 12.05% and a net margin of 125.99%. During the same quarter last year, the firm posted $0.62 earnings per share. On average, equities analysts predict that AGNC Investment will post 2.45 earnings per share for the current fiscal year.
The company also recently announced a dec 18 dividend, which was paid on Wednesday, January 9th. Shareholders of record on Monday, December 31st were issued a $0.18 dividend. This represents a dividend yield of 12.18%. The ex-dividend date was Friday, December 28th. AGNC Investment’s dividend payout ratio is 87.80%.
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).
See Also: Intrinsic Value
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.