AGNC Investment Corp. (NASDAQ:AGNC) Given Average Recommendation of “Hold” by Analysts

Shares of AGNC Investment Corp. (NASDAQ:AGNC) have been assigned an average rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $11.25.

A number of analysts have weighed in on AGNC shares. UBS Group raised their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Piper Sandler increased their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank Of Canada reiterated an “outperform” rating and set a $12.00 price target on shares of AGNC Investment in a report on Friday, April 24th. JPMorgan Chase & Co. reduced their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, Wall Street Zen upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th.

Insider Buying and Selling at AGNC Investment

In other news, CEO Peter J. Federico sold 64,412 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total value of $713,684.96. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total value of $237,160.00. Following the transaction, the director directly owned 96,471 shares in the company, valued at approximately $1,039,957.38. The trade was a 18.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 215,234 shares of company stock valued at $2,364,022 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of AGNC Investment by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after acquiring an additional 1,304,782 shares during the last quarter. Geode Capital Management LLC lifted its position in AGNC Investment by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock valued at $312,275,000 after purchasing an additional 1,596,244 shares during the period. State Street Corp lifted its position in AGNC Investment by 6.4% during the fourth quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock valued at $197,774,000 after purchasing an additional 1,090,374 shares during the period. Norges Bank purchased a new stake in AGNC Investment in the fourth quarter worth approximately $141,830,000. Finally, Morgan Stanley boosted its holdings in AGNC Investment by 24.3% in the fourth quarter. Morgan Stanley now owns 7,491,585 shares of the real estate investment trust’s stock worth $80,310,000 after purchasing an additional 1,462,468 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $11.00 on Monday. The business has a fifty day moving average price of $10.55 and a 200-day moving average price of $10.79. The company has a market capitalization of $12.63 billion, a PE ratio of 9.09 and a beta of 1.31. AGNC Investment has a 1-year low of $9.11 and a 1-year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of ($114.00) million for the quarter, compared to analysts’ expectations of $411.57 million. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. On average, sell-side analysts anticipate that AGNC Investment will post 1.56 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. AGNC Investment’s dividend payout ratio (DPR) is presently 119.01%.

AGNC Investment Company Profile

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.