AGNC Investment (NASDAQ:AGNC) had its price objective raised by Barclays from $14.00 to $15.00 in a research note issued to investors on Wednesday, BenzingaRatingsTable reports. They currently have an overweight rating on the real estate investment trust’s stock.
A number of other research analysts have also weighed in on the company. ValuEngine lowered AGNC Investment from a sell rating to a strong sell rating in a report on Friday, May 1st. Wedbush increased their price objective on shares of AGNC Investment from $12.80 to $13.75 and gave the company an outperform rating in a research report on Thursday, April 9th. Maxim Group raised shares of AGNC Investment from a hold rating to a buy rating and set a $15.00 target price for the company in a report on Monday, May 4th. Credit Suisse Group increased their price target on shares of AGNC Investment from $13.00 to $14.00 and gave the company a neutral rating in a report on Thursday, April 30th. Finally, Nomura restated a buy rating and set a $16.00 price objective on shares of AGNC Investment in a report on Thursday, April 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $14.98.
Shares of AGNC stock opened at $13.60 on Wednesday. The company has a fifty day moving average price of $13.15 and a two-hundred day moving average price of $14.28. AGNC Investment has a one year low of $6.25 and a one year high of $19.65. The stock has a market cap of $7.61 billion, a P/E ratio of 5.89 and a beta of 0.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.12 and a quick ratio of 0.12.
AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, July 27th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.12. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $287.39 million. AGNC Investment had a negative net margin of 109.14% and a positive return on equity of 14.48%. AGNC Investment’s revenue was up 2310.6% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. As a group, equities research analysts anticipate that AGNC Investment will post 2.1 EPS for the current fiscal year.
The business also recently announced a jul 20 dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.12 per share. This represents a dividend yield of 11.3%. The ex-dividend date is Thursday, July 30th. AGNC Investment’s dividend payout ratio (DPR) is currently 66.67%.
In other news, CEO Gary D. Kain acquired 189,188 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was acquired at an average price of $12.60 per share, with a total value of $2,383,768.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Atlas Capital Advisors LLC bought a new position in shares of AGNC Investment in the 2nd quarter valued at $26,000. Westside Investment Management Inc. acquired a new stake in AGNC Investment in the first quarter valued at about $31,000. WASHINGTON TRUST Co acquired a new stake in AGNC Investment in the first quarter valued at about $33,000. CWM Advisors LLC acquired a new stake in AGNC Investment in the first quarter valued at about $33,000. Finally, FDx Advisors Inc. acquired a new position in AGNC Investment during the first quarter worth about $202,000. 67.11% of the stock is currently 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).
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