AGNC Investment (AGNC) Raised to Sell at BidaskClub

BidaskClub upgraded shares of AGNC Investment (NASDAQ:AGNC) from a strong sell rating to a sell rating in a research note released on Thursday, March 15th.

Several other equities analysts also recently weighed in on AGNC. Wells Fargo reaffirmed a market perform rating and issued a $19.00 price objective on shares of AGNC Investment in a research note on Friday, December 1st. Maxim Group reaffirmed a buy rating and issued a $21.25 price objective on shares of AGNC Investment in a research note on Thursday, February 1st. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $19.50 price objective on shares of AGNC Investment in a research note on Thursday, February 1st. Barclays dropped their price objective on AGNC Investment from $21.00 to $20.00 and set an equal weight rating for the company in a research note on Friday, February 2nd. Finally, Bank of America raised AGNC Investment from an underperform rating to a neutral rating in a research note on Thursday, February 1st. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. AGNC Investment currently has a consensus rating of Hold and an average price target of $19.96.

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Shares of AGNC traded up $0.10 during mid-day trading on Thursday, hitting $18.95. The company’s stock had a trading volume of 3,345,112 shares, compared to its average volume of 2,840,184. AGNC Investment has a 1-year low of $17.84 and a 1-year high of $22.34. The stock has a market capitalization of $7,415.46, a P/E ratio of 7.70 and a beta of -0.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.24 and a quick ratio of 0.24.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. AGNC Investment had a return on equity of 11.89% and a net margin of 86.72%. The firm had revenue of $212.00 million during the quarter, compared to the consensus estimate of $204.32 million. During the same period last year, the business posted $0.64 EPS. research analysts anticipate that AGNC Investment will post 2.41 EPS for the current year.

The business also recently declared a mar 18 dividend, which will be paid on Monday, April 9th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.18 per share. This represents a yield of 11.49%. The ex-dividend date of this dividend is Wednesday, March 28th. AGNC Investment’s payout ratio is 87.80%.

In other AGNC Investment news, CFO Peter J. Federico sold 13,500 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $18.54, for a total transaction of $250,290.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. AMP Capital Investors Ltd grew its position in shares of AGNC Investment by 3.9% in the third quarter. AMP Capital Investors Ltd now owns 90,614 shares of the real estate investment trust’s stock valued at $1,963,000 after purchasing an additional 3,400 shares during the period. KBC Group NV grew its position in shares of AGNC Investment by 1.2% in the fourth quarter. KBC Group NV now owns 746,780 shares of the real estate investment trust’s stock valued at $15,077,000 after purchasing an additional 8,957 shares during the period. Wells Fargo & Company MN grew its position in shares of AGNC Investment by 71.0% in the third quarter. Wells Fargo & Company MN now owns 11,306,947 shares of the real estate investment trust’s stock valued at $245,135,000 after purchasing an additional 4,695,908 shares during the period. Toronto Dominion Bank grew its position in shares of AGNC Investment by 39.5% in the fourth quarter. Toronto Dominion Bank now owns 22,844 shares of the real estate investment trust’s stock valued at $462,000 after purchasing an additional 6,473 shares during the period. Finally, Denali Advisors LLC purchased a new stake in shares of AGNC Investment in the fourth quarter valued at $264,000. 67.86% of the stock is owned by institutional investors.

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AGNC Investment Company Profile

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).

Analyst Recommendations for AGNC Investment (NASDAQ:AGNC)

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