ValuEngine upgraded shares of AGNC Investment (NASDAQ:AGNC) from a sell rating to a hold rating in a research note released on Friday morning.
A number of other analysts have also recently weighed in on AGNC. BidaskClub raised shares of AGNC Investment from a sell rating to a hold rating in a report on Tuesday, November 13th. Zacks Investment Research raised shares of AGNC Investment from a hold rating to a buy rating and set a $21.00 price objective on the stock in a report on Monday, September 24th. Finally, Barclays dropped their price objective 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. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $19.35.
AGNC stock opened at $17.83 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.28 and a current ratio of 0.28. AGNC Investment has a fifty-two week low of $17.26 and a fifty-two week high of $20.84. The stock has a market capitalization of $9.41 billion, a P/E ratio of 7.25, a PEG ratio of 2.43 and a beta of 0.13.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. AGNC Investment had a net margin of 125.99% and a return on equity of 12.05%. The business had revenue of $188.00 million for the quarter, compared to analysts’ expectations of $324.65 million. During the same quarter last year, the company earned $0.62 EPS. As a group, research analysts forecast that AGNC Investment will post 2.45 earnings per share for the current fiscal year.
The company also recently disclosed a nov 18 dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 30th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a dividend yield of 12.16%. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.
In other news, Director Larry K. Harvey acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The shares were acquired at an average price of $17.74 per share, with a total value of $70,960.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in AGNC. Massachusetts Financial Services Co. MA increased its stake in AGNC Investment by 19.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 486,489 shares of the real estate investment trust’s stock valued at $9,044,000 after buying an additional 77,915 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in AGNC Investment by 45.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 57,023 shares of the real estate investment trust’s stock valued at $1,060,000 after buying an additional 17,805 shares during the period. Commonwealth Equity Services LLC increased its stake in AGNC Investment by 9.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 134,092 shares of the real estate investment trust’s stock valued at $2,493,000 after buying an additional 11,390 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in AGNC Investment by 3.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,382,204 shares of the real estate investment trust’s stock valued at $25,695,000 after buying an additional 50,900 shares during the period. Finally, Aviva PLC increased its stake in AGNC Investment by 6.6% during the 2nd quarter. Aviva PLC now owns 211,277 shares of the real estate investment trust’s stock valued at $3,928,000 after buying an additional 13,087 shares during the period. 58.85% of the stock is currently owned by hedge funds and other institutional investors.
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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