AGNC Investment Corp. (NASDAQ:AGNC) Receives $9.58 Average Price Target from Brokerages

Key Points

• AGNC Investment Corp. has received a consensus rating of "Moderate Buy" from eight analysts, with an average price target of $9.58.
• The company reported earnings of $0.38 per share for the last quarter, missing expectations of $0.42, despite achieving revenue of $830 million compared to an anticipated $447.37 million.
• AGNC Investment announced a monthly dividend of $0.12, reflecting a 15.0% yield, with a payout ratio currently at 423.53%.

Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) have earned an average rating of "Moderate Buy" from the eight brokerages that are covering the company, Marketbeat Ratings 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 twelve-month target price among brokerages that have covered the stock in the last year is $9.5833.

A number of analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Jones Trading reissued a "buy" rating and issued a $9.50 price objective on shares of AGNC Investment in a research report on Tuesday, July 22nd. UBS Group raised their price target on shares of AGNC Investment from $8.50 to $9.50 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Wall Street Zen lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods raised their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On AGNC Investment

Several institutional investors have recently added to or reduced their stakes in the business. Red Tortoise LLC boosted its position in AGNC Investment by 377.4% during the second 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. Fourth Dimension Wealth LLC bought a new position in AGNC Investment during the fourth quarter worth about $26,000. N.E.W. Advisory Services LLC bought a new position in AGNC Investment during the first quarter worth about $28,000. Larson Financial Group LLC boosted its position in AGNC Investment by 326.3% during the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 2,519 shares during the period. Finally, Trust Co. of Vermont boosted its position in AGNC Investment by 1,003.0% during the second quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 3,300 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Stock Performance

AGNC stock traded up $0.08 during trading hours on Friday, reaching $9.66. The stock had a trading volume of 2,350,333 shares, compared to its average volume of 25,355,291. The stock has a market capitalization of $10.06 billion, a PE ratio of 28.40 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a 50-day simple moving average of $9.41 and a 200 day simple moving average of $9.43. AGNC Investment has a fifty-two week low of $7.85 and a fifty-two week high of $10.85.

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 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). The firm had revenue of $830.00 million during the quarter, compared to analyst estimates of $447.37 million. AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. During the same quarter in the prior year, the business earned $0.53 EPS. Analysts predict that AGNC Investment will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 14.9%. The ex-dividend date of this dividend is Friday, August 29th. 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).