Brokerages Set AGNC Investment Corp. (NASDAQ:AGNC) PT at $9.96

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $9.96.

Several research firms have recently commented on AGNC. JPMorgan Chase & Co. decreased their price objective on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Jones Trading reduced their target price on shares of AGNC Investment from $10.25 to $9.50 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen cut shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. Royal Bank of Canada decreased their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Finally, Argus reiterated a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th.

AGNC Investment Trading Down 1.9%

Shares of NASDAQ:AGNC traded down $0.17 during mid-day trading on Friday, reaching $8.94. 36,708,504 shares of the company's stock were exchanged, compared to its average volume of 21,031,878. The business's fifty day moving average price is $8.88 and its 200-day moving average price is $9.50. AGNC Investment has a twelve month low of $7.85 and a twelve month high of $10.85. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 9.22 and a beta of 1.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The business had revenue of $846.00 million for the quarter, compared to analysts' expectations of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same quarter in the prior year, the firm posted $0.58 earnings per share. On average, research analysts predict that AGNC Investment will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a may 25 dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 30th will be given a $0.12 dividend. This represents a dividend yield of 16.2%. The ex-dividend date of this dividend is Friday, May 30th. AGNC Investment's payout ratio is 360.00%.

Insider Buying and Selling

In other news, EVP Bernice Bell sold 8,000 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $8.88, for a total transaction of $71,040.00. Following the completion of the transaction, the executive vice president now directly owns 374,019 shares in the company, valued at $3,321,288.72. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth L. Pollack sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total transaction of $158,025.00. Following the sale, the executive vice president now owns 447,841 shares in the company, valued at approximately $4,044,004.23. The trade was a 3.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,384 shares of company stock valued at $1,228,039 over the last quarter. 0.42% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new position in shares of AGNC Investment in the fourth quarter worth about $26,000. Financial Life Planners bought a new stake in AGNC Investment in the fourth quarter worth $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of AGNC Investment during the 1st quarter valued at about $28,000. National Bank of Canada FI lifted its stake in shares of AGNC Investment by 112.7% in the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake 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 buying an additional 2,519 shares during the period. Institutional investors own 38.28% of the company's stock.

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).