AGNC Investment Corp. (NASDAQ:AGNC) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• AGNC Investment Corp. has received a consensus rating of "Moderate Buy" from nine analysts, with an average 12-month price target of $9.6250.
• The company reported earnings per share of $0.38 for the last quarter, missing the consensus estimate, but revenues significantly exceeded expectations at $830 million.
• AGNC announced a dividend of $0.12 per share, which will be paid on October 9th, representing a remarkably high yield of 1,471.0%.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $9.6250.

Several analysts have issued reports on the company. Jones Trading restated a "buy" rating and issued a $9.50 target price on shares of AGNC Investment in a research note on Tuesday, July 22nd. Keefe, Bruyette & Woods boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. UBS Group boosted their target price on AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of AGNC Investment in a research note on Saturday, September 27th.

AGNC Investment Stock Performance

Shares of AGNC opened at $10.06 on Friday. The firm has a market cap of $10.48 billion, a PE ratio of 29.59 and a beta of 1.32. The stock's fifty day moving average price is $9.82 and its two-hundred day moving average price is $9.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. AGNC Investment has a 1 year low of $7.85 and a 1 year high of $10.63.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its 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). The firm had revenue of $830.00 million during the quarter, compared to the consensus estimate 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 previous year, the firm earned $0.53 earnings per share. On average, equities research analysts forecast that AGNC Investment will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a sep 25 dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.12 per share. This represents a dividend yield of 1,471.0%. The ex-dividend date is Tuesday, September 30th. AGNC Investment's payout ratio is presently 423.53%.

Insiders Place Their Bets

In related news, Director John D. Fisk sold 20,278 shares of the business's stock in a transaction 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 directly owned 112,685 shares in the company, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul E. Mullings sold 11,000 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the sale, the director owned 128,511 shares in the company, valued at approximately $1,234,990.71. The trade was a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in AGNC Investment by 7.2% in the 2nd quarter. Brighton Jones LLC now owns 15,800 shares of the real estate investment trust's stock worth $145,000 after acquiring an additional 1,064 shares during the last quarter. Kovack Advisors Inc. increased its stake in AGNC Investment by 0.5% in the 1st quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust's stock worth $2,130,000 after acquiring an additional 1,186 shares during the last quarter. Huntington National Bank increased its stake in AGNC Investment by 32.2% in the 2nd quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 1,199 shares during the last quarter. MAI Capital Management increased its stake in AGNC Investment by 1.8% in the 2nd quarter. MAI Capital Management now owns 67,245 shares of the real estate investment trust's stock worth $618,000 after acquiring an additional 1,206 shares during the last quarter. Finally, CreativeOne Wealth LLC increased its stake in AGNC Investment by 9.7% in the 1st quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust's stock worth $134,000 after acquiring an additional 1,237 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

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).

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