BidaskClub upgraded shares of AGNC Investment (NASDAQ:AGNC) from a hold rating to a buy rating in a report published on Thursday morning, BidAskClub reports.
AGNC has been the topic of several other reports. JPMorgan Chase & Co. dropped their price target on shares of AGNC Investment from $18.00 to $17.50 and set an overweight rating on the stock in a research report on Wednesday, July 24th. Royal Bank of Canada initiated coverage on shares of AGNC Investment in a research report on Wednesday, October 2nd. They set a sector perform rating and a $16.00 price target on the stock. UBS Group initiated coverage on shares of AGNC Investment in a research report on Friday, June 21st. They set a neutral rating and a $16.50 price target on the stock. TheStreet lowered shares of AGNC Investment from a c rating to a d+ rating in a research report on Thursday, July 25th. Finally, Maxim Group reaffirmed a buy rating and set a $18.00 price target on shares of AGNC Investment in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. AGNC Investment has an average rating of Hold and a consensus target price of $17.86.
AGNC traded down $0.08 during trading hours on Thursday, hitting $16.19. 1,586,178 shares of the company’s stock were exchanged, compared to its average volume of 5,247,811. AGNC Investment has a 1-year low of $14.51 and a 1-year high of $18.29. The stock’s 50-day moving average is $15.68 and its two-hundred day moving average is $16.88. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 2.72 and a beta of 0.26. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.03.
AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). AGNC Investment had a positive return on equity of 11.47% and a negative net margin of 62.31%. The business had revenue of $123.00 million for the quarter, compared to analyst estimates of $289.69 million. During the same quarter in the previous year, the company posted $0.63 EPS. On average, equities research analysts anticipate that AGNC Investment will post 1.97 EPS for the current year.
The firm also recently declared a oct 19 dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a $0.16 dividend. The ex-dividend date is Tuesday, October 29th. AGNC Investment’s dividend payout ratio (DPR) is presently 81.70%.
Hedge funds have recently added to or reduced their stakes in the stock. E&G Advisors LP grew its stake in AGNC Investment by 31.7% during the third quarter. E&G Advisors LP now owns 33,200 shares of the real estate investment trust’s stock worth $534,000 after buying an additional 8,000 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in AGNC Investment by 5.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 110,776 shares of the real estate investment trust’s stock worth $1,863,000 after buying an additional 6,053 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of AGNC Investment by 1.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 367,620 shares of the real estate investment trust’s stock valued at $6,183,000 after purchasing an additional 3,560 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of AGNC Investment by 64.9% in the 2nd quarter. Mackenzie Financial Corp now owns 395,592 shares of the real estate investment trust’s stock valued at $6,654,000 after purchasing an additional 155,644 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of AGNC Investment by 5.5% in the 2nd quarter. BlackRock Inc. now owns 57,356,164 shares of the real estate investment trust’s stock valued at $964,732,000 after purchasing an additional 2,995,801 shares in the last quarter. Institutional investors and hedge funds own 65.74% of the company’s stock.
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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