AGNC Investment Corp. (NASDAQ:AGNC) Given Average Rating of “Moderate Buy” by Analysts

AGNC Investment Corp. (NASDAQ:AGNC) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $10.1786.

Several equities analysts have commented on AGNC shares. Jones Trading reissued a “buy” rating and set a $10.00 price objective on shares of AGNC Investment in a research report on Tuesday, October 21st. Royal Bank Of Canada lifted their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Piper Sandler boosted their price objective on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. UBS Group raised their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research report on Monday.

Insider Buying and Selling at AGNC Investment

In related news, CEO Peter J. Federico sold 45,798 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $10.27, for a total value of $470,345.46. Following the transaction, the chief executive officer directly owned 1,557,401 shares of the company’s stock, valued at approximately $15,994,508.27. This represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is owned by insiders.

Institutional Trading of AGNC Investment

Several large investors have recently modified their holdings of AGNC. Red Tortoise LLC lifted its stake in shares of AGNC Investment by 377.4% in the 2nd quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 2,185 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in AGNC Investment during the third quarter valued at approximately $29,000. Trust Co. of Vermont raised its position in AGNC Investment by 1,003.0% in the second quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 3,300 shares during the period. National Bank of Canada FI boosted its stake in shares of AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,690 shares during the last quarter. Finally, WealthCollab LLC purchased a new stake in shares of AGNC Investment in the 3rd quarter worth $33,000. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Performance

AGNC Investment stock opened at $10.44 on Thursday. AGNC Investment has a fifty-two week low of $7.85 and a fifty-two week high of $10.67. The stock’s 50 day simple moving average is $10.23 and its two-hundred day simple moving average is $9.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 15.58 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). AGNC Investment had a return on equity of 18.84% and a net margin of 24.40%.The firm had revenue of $836.00 million during the quarter, compared to the consensus estimate of $466.39 million. During the same period in the prior year, the company posted $0.43 EPS. As a group, analysts expect that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%. The ex-dividend date of this dividend is Wednesday, December 31st. AGNC Investment’s dividend payout ratio is currently 214.93%.

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).