AGNC Investment (NASDAQ:AGNC) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of AGNC Investment (NASDAQ:AGNC – Get Rating) in a research report sent to investors on Thursday. The firm issued a hold rating on the real estate investment trust’s stock.

AGNC has been the subject of several other research reports. JPMorgan Chase & Co. upgraded AGNC Investment from a neutral rating to an overweight rating and set a $12.50 price target for the company in a research note on Wednesday, March 8th. Royal Bank of Canada raised their target price on AGNC Investment from $9.00 to $12.00 and gave the stock an outperform rating in a research note on Tuesday, February 7th. Barclays lifted their price target on AGNC Investment from $9.00 to $12.00 in a research report on Friday, January 6th. Maxim Group lifted their price target on AGNC Investment from $9.00 to $12.00 and gave the company a buy rating in a research report on Wednesday, February 1st. Finally, Credit Suisse Group raised their price objective on AGNC Investment to $9.50 in a report on Friday, December 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $10.86.

AGNC Investment Stock Down 2.2 %

Shares of AGNC opened at $9.74 on Thursday. The business’s fifty day moving average is $11.12 and its 200 day moving average is $10.20. AGNC Investment has a 12-month low of $7.30 and a 12-month high of $13.64. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.02.

AGNC Investment (NASDAQ:AGNC – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The real estate investment trust reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09. The business had revenue of $25.00 million during the quarter, compared to analyst estimates of $415.17 million. AGNC Investment had a positive return on equity of 26.82% and a negative net margin of 80.24%. AGNC Investment’s quarterly revenue was down 89.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. On average, research analysts predict that AGNC Investment will post 2.21 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a mar 23 dividend, which will be paid on Tuesday, April 11th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a dividend yield of 14%. AGNC Investment’s dividend payout ratio (DPR) is presently -56.69%.

Insider Activity

In other news, EVP Kenneth L. Pollack sold 10,910 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $11.34, for a total transaction of $123,719.40. Following the transaction, the executive vice president now directly owns 228,634 shares of the company’s stock, valued at $2,592,709.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.41% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA bought a new stake in AGNC Investment in the second quarter worth $27,000. Coppell Advisory Solutions Corp. purchased a new position in shares of AGNC Investment in the fourth quarter worth $27,000. Worth Asset Management LLC purchased a new position in shares of AGNC Investment in the first quarter worth $35,000. Vectors Research Management LLC purchased a new position in shares of AGNC Investment in the second quarter worth $33,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of AGNC Investment by 278.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 3,024 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 2,224 shares during the last quarter. 40.87% of the stock is owned by institutional investors.

AGNC Investment Company Profile

(Get Rating)

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).