AGNC Investment Corp. (NASDAQ:AGNC) Receives Average Recommendation of “Hold” from Brokerages

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have earned a consensus rating of “Hold” from the ten analysts that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $11.0625.

AGNC has been the topic of a number of recent research reports. Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research note on Friday, March 27th. UBS Group boosted their price objective on AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Piper Sandler restated an “overweight” rating on shares of AGNC Investment in a research note on Thursday, June 4th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $12.00 price objective on shares of AGNC Investment in a research note on Friday, April 24th.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CEO Peter J. Federico sold 64,412 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total transaction of $713,684.96. Following the transaction, the chief executive officer owned 1,927,083 shares in the company, valued at $21,352,079.64. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the transaction, the director owned 96,471 shares in the company, valued at approximately $1,039,957.38. This represents a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 215,234 shares of company stock worth $2,364,022. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC lifted its stake in shares of AGNC Investment by 132.6% in the first quarter. NewEdge Advisors LLC now owns 127,763 shares of the real estate investment trust’s stock worth $1,281,000 after acquiring an additional 72,831 shares in the last quarter. Integrated Investment Consultants LLC lifted its stake in shares of AGNC Investment by 41.3% in the first quarter. Integrated Investment Consultants LLC now owns 97,586 shares of the real estate investment trust’s stock worth $979,000 after acquiring an additional 28,531 shares in the last quarter. Edgestream Partners L.P. lifted its stake in shares of AGNC Investment by 58.3% in the first quarter. Edgestream Partners L.P. now owns 392,817 shares of the real estate investment trust’s stock worth $3,940,000 after acquiring an additional 144,685 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of AGNC Investment by 4.7% in the first quarter. Janus Henderson Group PLC now owns 486,442 shares of the real estate investment trust’s stock worth $4,879,000 after acquiring an additional 21,800 shares in the last quarter. Finally, Amundi lifted its stake in shares of AGNC Investment by 194.9% in the first quarter. Amundi now owns 197,626 shares of the real estate investment trust’s stock worth $1,982,000 after acquiring an additional 130,617 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Trading Down 1.3%

AGNC stock opened at $10.18 on Thursday. The stock has a 50-day moving average price of $10.50 and a two-hundred day moving average price of $10.77. AGNC Investment has a 12-month low of $9.05 and a 12-month high of $12.19. The company has a market cap of $11.69 billion, a PE ratio of 8.41 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%.The firm had revenue of ($114.00) million during the quarter, compared to the consensus estimate of $411.57 million. Equities analysts forecast that AGNC Investment will post 1.56 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 9th. Shareholders of record on Friday, May 29th were paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date was Friday, May 29th. AGNC Investment’s payout ratio is currently 119.01%.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.