Shares of AGNC Investment Corp. (NASDAQ:AGNC) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $19.45.
Several equities analysts recently issued reports on the stock. BidaskClub cut shares of AGNC Investment from a “sell” rating to a “strong sell” rating in a research report on Friday. Wells Fargo & Co reiterated a “market perform” rating and set a $19.00 price target on shares of AGNC Investment in a research report on Friday, December 1st. Zacks Investment Research cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Maxim Group reiterated a “buy” rating and set a $21.25 price target on shares of AGNC Investment in a research report on Friday, October 27th.
AGNC Investment (AGNC) traded up $0.29 during mid-day trading on Friday, hitting $19.58. 4,460,539 shares of the company’s stock were exchanged, compared to its average volume of 3,720,000. AGNC Investment has a 12-month low of $18.41 and a 12-month high of $22.34. The stock has a market capitalization of $7,780.00, a PE ratio of 4.83 and a beta of 0.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.24 and a quick ratio of 0.24.
The business also recently declared a jan 18 dividend, which will be paid on Thursday, February 8th. Investors of record on Wednesday, January 31st will be given a dividend of $0.18 per share. This represents a dividend yield of 11.09%. The ex-dividend date of this dividend is Tuesday, January 30th. AGNC Investment’s dividend payout ratio is currently 53.33%.
Institutional investors and hedge funds have recently made changes to their positions in the business. AMP Capital Investors Ltd grew its holdings in AGNC Investment by 3.9% in the third quarter. AMP Capital Investors Ltd now owns 90,614 shares of the real estate investment trust’s stock worth $1,963,000 after purchasing an additional 3,400 shares during the period. Global X MANAGEMENT CO LLC grew its holdings in AGNC Investment by 6.4% in the third quarter. Global X MANAGEMENT CO LLC now owns 1,003,301 shares of the real estate investment trust’s stock worth $21,752,000 after purchasing an additional 60,341 shares during the period. Wells Fargo & Company MN grew its holdings in AGNC Investment by 71.0% in the third quarter. Wells Fargo & Company MN now owns 11,306,947 shares of the real estate investment trust’s stock worth $245,135,000 after purchasing an additional 4,695,908 shares during the period. Sei Investments Co. grew its holdings in AGNC Investment by 82.7% in the third quarter. Sei Investments Co. now owns 242,462 shares of the real estate investment trust’s stock worth $5,256,000 after purchasing an additional 109,758 shares during the period. Finally, Great West Life Assurance Co. Can grew its holdings in AGNC Investment by 15.1% in the third quarter. Great West Life Assurance Co. Can now owns 1,076,092 shares of the real estate investment trust’s stock worth $23,228,000 after purchasing an additional 141,330 shares during the period. Institutional investors and hedge funds own 65.49% of the company’s stock.
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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).
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