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

Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $9.96.

A number of brokerages have recently issued reports on AGNC. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price target on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. StockNews.com downgraded AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, 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 research note on Tuesday, April 29th.

Insider Transactions at AGNC Investment

In other AGNC Investment news, EVP Kenneth L. Pollack sold 17,500 shares of AGNC Investment stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total value of $158,025.00. Following the sale, the executive vice president now owns 447,841 shares of the company's stock, valued at $4,044,004.23. The trade was a 3.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Bernice Bell sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $8.88, for a total value of $71,040.00. Following the transaction, the executive vice president now owns 374,019 shares of the company's stock, valued at $3,321,288.72. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,166 shares of company stock valued at $1,078,759. 0.42% of the stock is currently owned by insiders.

Institutional Trading of AGNC Investment

Several hedge funds have recently made changes to their positions in AGNC. Barclays PLC raised its position in AGNC Investment by 4.8% during the third quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust's stock valued at $16,242,000 after purchasing an additional 71,330 shares during the period. Tidal Investments LLC increased its position in shares of AGNC Investment by 3.3% during the 3rd quarter. Tidal Investments LLC now owns 96,081 shares of the real estate investment trust's stock valued at $1,005,000 after purchasing an additional 3,075 shares during the last quarter. Franklin Resources Inc. raised its holdings in AGNC Investment by 35.8% during the 3rd quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust's stock valued at $6,060,000 after buying an additional 154,029 shares during the period. Everence Capital Management Inc. bought a new stake in AGNC Investment in the fourth quarter worth $310,000. Finally, Innova Wealth Partners purchased a new position in AGNC Investment during the fourth quarter worth $427,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

AGNC Investment Stock Down 1.1 %

AGNC stock opened at $8.67 on Wednesday. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 8.93 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. The business's 50-day moving average is $9.33 and its two-hundred day moving average is $9.58. 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 posted its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. The company had revenue of $846.00 million for the quarter, compared to the consensus estimate of $436.71 million. During the same quarter last year, the firm posted $0.58 earnings per share. As a group, analysts forecast that AGNC Investment will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a apr 25 dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 30th. This represents a dividend yield of 17.7%. AGNC Investment's payout ratio is 360.00%.

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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