Analysts Set AGNC Investment Corp. (NASDAQ:AGNC) Price Target at $9.79

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $9.79.

A number of brokerages have weighed in on AGNC. Argus reiterated a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Wells Fargo & Company dropped their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. UBS Group upped their target price on shares of AGNC Investment from $8.50 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Wall Street Zen downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. Finally, Royal Bank Of Canada decreased their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th.

AGNC Investment Stock Performance

Shares of AGNC Investment stock traded down $0.02 during trading hours on Monday, reaching $9.23. The company had a trading volume of 26,294,974 shares, compared to its average volume of 22,280,880. AGNC Investment has a one year low of $7.85 and a one year high of $10.85. The business has a fifty day simple moving average of $9.19 and a 200 day simple moving average of $9.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $9.42 billion, a PE ratio of 23.08 and a beta of 1.28.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $846.00 million during the quarter, compared to analyst estimates of $436.71 million. AGNC Investment had a return on equity of 20.36% and a net margin of 14.91%. During the same quarter last year, the company earned $0.58 earnings per share. On average, analysts anticipate that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently declared a jul 25 dividend, which will be paid on Monday, August 11th. Shareholders of record on Thursday, July 31st will be issued a $0.12 dividend. This represents a dividend yield of 15.2%. The ex-dividend date is Thursday, July 31st. AGNC Investment's dividend payout ratio (DPR) is presently 360.00%.

Insider Activity

In related news, EVP Bernice Bell sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were 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 owned 374,019 shares of the company's stock, valued at approximately $3,321,288.72. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth L. Pollack sold 17,500 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total transaction of $158,025.00. Following the transaction, the executive vice president directly owned 447,841 shares of the company's stock, valued at $4,044,004.23. This trade represents a 3.76% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,384 shares of company stock worth $1,228,039. 0.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Large investors have recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC bought a new position in shares of AGNC Investment in the 4th quarter worth about $26,000. N.E.W. Advisory Services LLC bought a new position in shares of AGNC Investment in the 1st quarter worth about $28,000. National Bank of Canada FI lifted its position in 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. Larson Financial Group LLC lifted its position in AGNC Investment by 326.3% in the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 2,519 shares during the last quarter. Finally, Trust Co. of Vermont lifted its position in AGNC Investment by 1,003.0% in the 2nd quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 3,300 shares during the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

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).