Shares of AGNC Investment Corp. (NASDAQ:AGNC) have been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the firm, Marketbeat reports. One investment 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 covered the stock in the last year is $19.75.
A number of research firms recently issued reports on AGNC. BidaskClub downgraded shares of AGNC Investment from a “sell” rating to a “strong sell” rating in a report on Friday, January 19th. Zacks Investment Research downgraded shares of AGNC Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Wells Fargo & Co reiterated a “market perform” rating and set a $19.00 price objective on shares of AGNC Investment in a research note on Friday, December 1st. Bank of America upgraded shares of AGNC Investment from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 1st. Finally, Maxim Group reiterated a “buy” rating and set a $21.25 price objective on shares of AGNC Investment in a research note on Friday, October 27th.
Shares of AGNC Investment (NASDAQ:AGNC) opened at $18.94 on Wednesday. AGNC Investment has a twelve month low of $17.94 and a twelve month high of $22.34. The stock has a market cap of $7,379.92, a P/E ratio of 9.66 and a beta of -0.01. 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 firm also recently disclosed a feb 18 dividend, which will be paid on Thursday, March 8th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, February 27th. AGNC Investment’s dividend payout ratio is currently 110.20%.
In other AGNC Investment news, CFO Peter J. Federico sold 13,500 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $18.54, for a total transaction of $250,290.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brookstone Capital Management grew its stake in AGNC Investment by 19.2% during the third quarter. Brookstone Capital Management now owns 15,599 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 2,517 shares during the period. Summit Securities Group LLC boosted its stake in shares of AGNC Investment by 25.2% in the third quarter. Summit Securities Group LLC now owns 13,400 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 2,700 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in shares of AGNC Investment by 4.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 66,102 shares of the real estate investment trust’s stock valued at $1,335,000 after purchasing an additional 2,844 shares during the period. Rhumbline Advisers boosted its stake in shares of AGNC Investment by 0.9% in the fourth quarter. Rhumbline Advisers now owns 369,019 shares of the real estate investment trust’s stock valued at $7,450,000 after purchasing an additional 3,222 shares during the period. Finally, MML Investors Services LLC boosted its stake in shares of AGNC Investment by 15.6% in the fourth quarter. MML Investors Services LLC now owns 24,859 shares of the real estate investment trust’s stock valued at $502,000 after purchasing an additional 3,359 shares during the period. Institutional investors own 65.60% of the company’s stock.
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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).
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