AGNC Investment Corp. (NASDAQ:AGNC) Director Larry K. Harvey bought 4,000 shares of the firm’s stock in a transaction on Tuesday, October 30th. The stock was purchased at an average price of $17.74 per share, for a total transaction of $70,960.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:AGNC opened at $17.67 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 2.42 and a beta of 0.10. AGNC Investment Corp. has a 1-year low of $17.57 and a 1-year high of $20.84.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The business had revenue of $188.00 million for the quarter, compared to the consensus estimate of $324.65 million. AGNC Investment had a net margin of 125.99% and a return on equity of 12.39%. During the same period in the previous year, the firm earned $0.62 EPS. Equities analysts expect that AGNC Investment Corp. will post 2.44 EPS for the current fiscal year.
The business also recently declared a oct 18 dividend, which will be paid on Friday, November 9th. Stockholders of record on Wednesday, October 31st will be paid a $0.18 dividend. This represents a dividend yield of 12.16%. The ex-dividend date of this dividend is Tuesday, October 30th. AGNC Investment’s dividend payout ratio (DPR) is 87.80%.
AGNC has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of AGNC Investment from $18.00 to $18.50 and gave the company a “$19.11” rating in a report on Monday, July 23rd. Maxim Group boosted their target price on shares of AGNC Investment from $19.25 to $19.75 and gave the company a “buy” rating in a report on Friday, July 27th. Zacks Investment Research upgraded shares of AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, September 24th. Barclays decreased their target price on shares of AGNC Investment from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, October 26th. Finally, BidaskClub upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. AGNC Investment currently has an average rating of “Hold” and a consensus target price of $19.29.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of AGNC Investment by 8.0% in the 2nd quarter. BlackRock Inc. now owns 37,567,717 shares of the real estate investment trust’s stock valued at $698,383,000 after acquiring an additional 2,787,637 shares during the period. State Treasurer State of Michigan raised its stake in shares of AGNC Investment by 21.3% in the 3rd quarter. State Treasurer State of Michigan now owns 22,485,845 shares of the real estate investment trust’s stock valued at $418,911,000 after acquiring an additional 3,944,745 shares during the period. Wells Fargo & Company MN raised its stake in shares of AGNC Investment by 33.0% in the 2nd quarter. Wells Fargo & Company MN now owns 10,365,601 shares of the real estate investment trust’s stock valued at $192,696,000 after acquiring an additional 2,574,569 shares during the period. Waddell & Reed Financial Inc. raised its stake in shares of AGNC Investment by 6.2% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 3,395,412 shares of the real estate investment trust’s stock valued at $63,121,000 after acquiring an additional 197,600 shares during the period. Finally, TD Asset Management Inc. raised its stake in shares of AGNC Investment by 31.1% in the 3rd quarter. TD Asset Management Inc. now owns 2,443,545 shares of the real estate investment trust’s stock valued at $45,523,000 after acquiring an additional 579,638 shares during the period. 58.16% of the stock is currently owned by institutional investors and hedge funds.
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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