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 1-year price target is $11.11.
• AGNC shares opened at $9.87, below their 50-day and 200-day moving averages, while the company reported quarterly EPS of $0.40, exceeding the $0.38 consensus estimate.
• The company declared a monthly dividend of $0.12 per share, representing an annualized yield of approximately 14.6%; institutional investors own 38.28% of the stock.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) has earned an average recommendation of "Hold" from the eleven analysts that are covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $11.1111.

A number of analysts have recently commented on AGNC shares. Compass Point downgraded AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price objective on the stock. in a research note on Friday, July 17th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Wells Fargo & Company lowered their target price on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Piper Sandler boosted their price target 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. Finally, Keefe, Bruyette & Woods cut their price target on shares of AGNC Investment from $12.00 to $11.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd.

Insider Activity at AGNC Investment

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of AGNC Investment during the 2nd quarter worth $704,076,000. Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 1,596,244 shares during the period. Norges Bank purchased a new stake in shares of AGNC Investment during the fourth quarter valued at $141,830,000. Equity Investment Corp purchased a new stake in shares of AGNC Investment during the second quarter valued at $106,123,000. Finally, Bank of America Corp DE purchased a new stake in shares of AGNC Investment during the second quarter valued at $77,501,000. Institutional investors own 38.28% of the company's stock.

AGNC Investment Trading Down 0.4%

Shares of NASDAQ:AGNC opened at $9.87 on Friday. The company has a 50 day moving average of $10.72 and a 200-day moving average of $10.59. The firm has a market cap of $11.70 billion, a P/E ratio of 5.19 and a beta of 1.32. AGNC Investment has a twelve month low of $9.63 and a twelve month high of $12.19.

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

AGNC Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 14.6%. AGNC Investment's payout ratio is currently 75.79%.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or agency, such as Fannie Mae, Freddie Mac or Ginnie Mae. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income from its investment portfolio, primarily through the difference between the yield on its mortgage assets and its borrowing costs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.