BidaskClub upgraded shares of AGNC Investment (NASDAQ:AGNC) from a sell rating to a hold rating in a research note published on Tuesday morning.
A number of other equities research analysts also recently weighed in on AGNC. Maxim Group restated a buy rating and set a $21.25 target price on shares of AGNC Investment in a research report on Thursday, February 1st. Bank of America upgraded AGNC Investment from an underperform rating to a neutral rating in a research report on Thursday, February 1st. Keefe, Bruyette & Woods restated a hold rating and set a $19.50 target price on shares of AGNC Investment in a research report on Thursday, February 1st. Barclays dropped their target price on AGNC Investment from $21.00 to $20.00 and set an equal weight rating for the company in a research report on Friday, February 2nd. Finally, Zacks Investment Research upgraded AGNC Investment from a hold rating to a buy rating and set a $21.00 target price for the company in a research report on Tuesday, April 3rd. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $19.96.
AGNC Investment stock opened at $18.86 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $7,352.84, a price-to-earnings ratio of 7.46 and a beta of -0.06. AGNC Investment has a 52 week low of $17.84 and a 52 week high of $22.34.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $212.00 million for the quarter, compared to analyst estimates of $204.32 million. AGNC Investment had a return on equity of 11.89% and a net margin of 86.72%. During the same quarter in the previous year, the firm earned $0.64 earnings per share. research analysts anticipate that AGNC Investment will post 2.41 earnings per share for the current year.
The company also recently announced a apr 18 dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 30th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, April 27th. This represents a dividend yield of 11.61%. AGNC Investment’s payout ratio is currently 87.80%.
In other news, CFO Peter J. Federico sold 13,500 shares of the business’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. Insiders own 0.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado increased its holdings in AGNC Investment by 4.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 66,102 shares of the real estate investment trust’s stock valued at $1,335,000 after purchasing an additional 2,844 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in AGNC Investment by 0.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 349,749 shares of the real estate investment trust’s stock valued at $7,062,000 after purchasing an additional 3,100 shares during the last quarter. Rhumbline Advisers increased its holdings in AGNC Investment by 0.9% in the fourth quarter. Rhumbline Advisers now owns 369,019 shares of the real estate investment trust’s stock valued at $7,450,000 after purchasing an additional 3,222 shares during the last quarter. MML Investors Services LLC increased its holdings in AGNC Investment by 15.6% in the fourth quarter. MML Investors Services LLC now owns 24,859 shares of the real estate investment trust’s stock valued at $502,000 after purchasing an additional 3,359 shares during the last quarter. Finally, Westpac Banking Corp increased its holdings in AGNC Investment by 18.4% in the fourth quarter. Westpac Banking Corp now owns 22,008 shares of the real estate investment trust’s stock valued at $444,000 after purchasing an additional 3,417 shares during the last quarter. Institutional investors and hedge funds own 67.56% of the company’s stock.
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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).
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