Shares of AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) have been assigned an average recommendation of "Hold" from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $12.50.
A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of AGNC Investment from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $12.25 to $13.25 in a report on Wednesday, June 8th. Piper Sandler cut their target price on shares of AGNC Investment from $13.00 to $9.00 in a report on Friday.
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AGNC Investment Stock Performance
AGNC Investment stock opened at $8.42 on Friday. The firm's 50 day simple moving average is $11.77 and its 200 day simple moving average is $11.90. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $4.40 billion, a PE ratio of -4.41 and a beta of 1.07. AGNC Investment has a 1-year low of $8.39 and a 1-year high of $16.75.
AGNC Investment (NASDAQ:AGNC – Get Rating) last issued its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $0.83 EPS for the quarter, topping the consensus estimate of $0.59 by $0.24. AGNC Investment had a negative net
margin of 69.82% and a positive return on equity of 20.36%. The business had revenue of $315.00 million during the quarter, compared to analyst estimates of $323.75 million. During the same period in the prior year, the business earned $0.76 EPS. The company's revenue for the quarter was up 35.8% on a year-over-year basis. As a group, analysts expect that AGNC Investment will post 2.69 earnings per share for the current fiscal year.
AGNC Investment Dividend Announcement
The firm also recently announced a sep 22 dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.12 per share. This represents a dividend yield of 12.8%. The ex-dividend date is Thursday, September 29th. AGNC Investment's payout ratio is -75.39%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in AGNC Investment by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 47,592,760 shares of the real estate investment trust's stock valued at $623,465,000 after acquiring an additional 176,213 shares during the period. State Street Corp lifted its stake in AGNC Investment by 1.8% in the fourth quarter. State Street Corp now owns 16,023,373 shares of the real estate investment trust's stock valued at $242,823,000 after buying an additional 287,123 shares during the last quarter. Northern Trust Corp lifted its stake in AGNC Investment by 28.6% in the second quarter. Northern Trust Corp now owns 6,052,716 shares of the real estate investment trust's stock valued at $67,004,000 after buying an additional 1,346,753 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of AGNC Investment by 15.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,583,707 shares of the real estate investment trust's stock worth $50,741,000 after purchasing an additional 610,400 shares during the last quarter. Finally, Equity Investment Corp grew its holdings in AGNC Investment by 5.9% during the second quarter. Equity Investment Corp now owns 4,251,586 shares of the real estate investment trust's stock worth $47,065,000 after acquiring an additional 237,142 shares during the period. 43.36% of the stock is owned by institutional investors and hedge funds.
AGNC Investment Company Profile
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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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