AGNC Investment Corp. (NASDAQ:AGNC) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• AGNC Investment Corp. has received a consensus rating of "Moderate Buy" from analysts, with an average price target of $9.6250.
• Insider transactions revealed that two directors sold shares totaling approximately $301,392, decreasing their ownership by over 7% and 15%, respectively.
• The company has announced a monthly dividend of $0.12 with a dividend yield of 13.9%, and a payout ratio of 423.53%.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $9.6250.

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Jones Trading reaffirmed a "buy" rating and issued a $9.50 target price on shares of AGNC Investment in a research note on Tuesday, July 22nd. Finally, UBS Group boosted their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd.

Insider Transactions at AGNC Investment

In other AGNC Investment news, Director Paul E. Mullings sold 11,000 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the transaction, the director directly owned 128,511 shares of the company's stock, valued at approximately $1,234,990.71. The trade was a 7.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John D. Fisk sold 20,278 shares of AGNC Investment stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction of $195,682.70. Following the sale, the director owned 112,685 shares of the company's stock, valued at approximately $1,087,410.25. This represents a 15.25% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On AGNC Investment

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of AGNC Investment by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust's stock worth $821,765,000 after buying an additional 2,462,337 shares during the period. Kingstone Capital Partners Texas LLC grew its position in shares of AGNC Investment by 241,567.4% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust's stock worth $446,651,000 after buying an additional 46,368,867 shares during the period. Geode Capital Management LLC grew its position in shares of AGNC Investment by 10.9% during the 2nd quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust's stock worth $229,990,000 after buying an additional 2,461,255 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of AGNC Investment by 18.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock worth $162,828,000 after buying an additional 2,589,020 shares during the period. Finally, State Street Corp grew its position in shares of AGNC Investment by 12.9% during the 2nd quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust's stock worth $155,383,000 after buying an additional 1,906,785 shares during the period. Institutional investors and hedge funds own 38.28% of the company's stock.

AGNC Investment Trading Down 0.3%

Shares of AGNC stock opened at $10.34 on Tuesday. AGNC Investment has a 12-month low of $7.85 and a 12-month high of $10.85. The company has a market capitalization of $10.77 billion, a P/E ratio of 30.41 and a beta of 1.30. The firm has a 50-day moving average price of $9.59 and a 200 day moving average price of $9.39. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. The firm had revenue of $830.00 million for the quarter, compared to the consensus estimate of $447.37 million. During the same period in the prior year, the business earned $0.53 earnings per share. Research analysts forecast 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 Wednesday, September 10th. Shareholders of record on Friday, August 29th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. AGNC Investment's payout ratio is currently 423.53%.

AGNC Investment Company Profile

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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