AGNC Investment Corp. (NASDAQ:AGNC) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts maintain a “Hold” consensus on AGNC Investment, with seven hold ratings and four buy ratings. The average 12-month price target is $11.11, close to the stock’s reported opening price of $10.98.
• AGNC reported quarterly EPS of $0.40, beating the $0.38 analyst consensus, while revenue totaled $305 million. Analysts expect full-year EPS of approximately $1.60.
• The company declared a monthly dividend of $0.12 per share, implying a 13.1% annualized yield, payable September 10 to shareholders of record on August 31.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) has earned a consensus recommendation of "Hold" from the eleven analysts that are covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $11.1111.

A number of analysts have recently commented on the stock. Piper Sandler boosted their price objective on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, July 2nd. Compass Point downgraded shares of AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 target price for the company. in a research report on Friday, July 17th. Wells Fargo & Company lowered their price target on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Weiss Ratings raised shares of AGNC Investment from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 17th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th.

AGNC Investment Stock Performance

Shares of AGNC Investment stock opened at $10.98 on Tuesday. The business's 50 day simple moving average is $10.84 and its 200 day simple moving average is $10.71. AGNC Investment has a 52-week low of $9.62 and a 52-week high of $12.19. The firm has a market cap of $13.02 billion, a PE ratio of 5.78 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The firm had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.During the same quarter in the prior year, the firm posted ($0.17) EPS. As a group, equities research analysts predict that AGNC Investment will post 1.6 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date is Monday, August 31st. AGNC Investment's dividend payout ratio is presently 75.79%.

Insider Buying and Selling

In related news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the transaction, the executive vice president directly owned 406,947 shares of the company's stock, valued at approximately $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently made changes to their positions in AGNC. Vanguard Group Inc. grew its stake in shares of AGNC Investment by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust's stock valued at $1,047,828,000 after buying an additional 1,304,782 shares in the last quarter. BlackRock Inc. bought a new stake in AGNC Investment during the second quarter worth $704,076,000. Geode Capital Management LLC raised its position in AGNC Investment by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust's stock worth $312,275,000 after acquiring an additional 1,596,244 shares in the last quarter. State Street Corp lifted its stake in AGNC Investment by 6.4% in the fourth quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust's stock valued at $197,774,000 after acquiring an additional 1,090,374 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in AGNC Investment by 1,085.5% in the second quarter. California State Teachers Retirement System now owns 14,332,737 shares of the real estate investment trust's stock valued at $156,227,000 after acquiring an additional 13,123,725 shares during the last quarter. Institutional investors own 38.28% of the company's stock.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC's investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.

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