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AGNC Investment (NASDAQ:AGNC) Price Target Raised to $12.00 at Maxim Group

Defense World ·  Feb 2, 2023 04:51

AGNC Investment (NASDAQ:AGNC – Get Rating) had its price objective upped by Maxim Group from $9.00 to $12.00 in a research report sent to investors on Wednesday morning, The Fly reports. The firm currently has a buy rating on the real estate investment trust's stock.

Several other equities analysts have also recently weighed in on the stock. UBS Group lowered their price objective on shares of AGNC Investment to $8.50 in a research note on Friday, November 4th. Credit Suisse Group increased their target price on shares of AGNC Investment to $9.50 in a report on Friday, December 2nd. StockNews.com started coverage on shares of AGNC Investment in a report on Wednesday, October 12th. They issued a hold rating for the company. Royal Bank of Canada reduced their target price on shares of AGNC Investment from $13.00 to $10.00 and set an outperform rating for the company in a report on Wednesday, October 5th. Finally, Barclays increased their target price on shares of AGNC Investment from $9.00 to $12.00 in a report on Friday, January 6th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $10.85.

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AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $11.95 on Wednesday. The firm's 50 day moving average price is $10.64 and its 200-day moving average price is $10.51. AGNC Investment has a twelve month low of $7.30 and a twelve month high of $14.68. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $6.83 billion, a PE ratio of -4.70 and a beta of 1.15.

AGNC Investment (NASDAQ:AGNC – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.09. AGNC Investment had a negative net margin of 80.24% and a positive return on equity of 26.52%. The firm had revenue of $25.00 million for the quarter, compared to analysts' expectations of $415.17 million. During the same quarter in the prior year, the business earned $0.75 EPS. The business's quarterly revenue was down 89.9% on a year-over-year basis. Equities research analysts expect that AGNC Investment will post 2.18 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a jan 23 dividend, which will be paid on Thursday, February 9th. Shareholders of record on Tuesday, January 31st will be issued a dividend of $0.12 per share. This represents a yield of 12.7%. The ex-dividend date is Monday, January 30th. AGNC Investment's dividend payout ratio (DPR) is currently -56.69%.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of AGNC Investment by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 48,875,957 shares of the real estate investment trust's stock valued at $411,535,000 after acquiring an additional 536,286 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of AGNC Investment by 5.6% during the 3rd quarter. Macquarie Group Ltd. now owns 7,284,822 shares of the real estate investment trust's stock valued at $61,382,000 after acquiring an additional 388,754 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of AGNC Investment by 18.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,320,555 shares of the real estate investment trust's stock valued at $65,418,000 after acquiring an additional 986,455 shares during the last quarter. Northern Trust Corp boosted its position in shares of AGNC Investment by 28.6% during the 2nd quarter. Northern Trust Corp now owns 6,052,716 shares of the real estate investment trust's stock valued at $67,004,000 after acquiring an additional 1,346,753 shares during the last quarter. Finally, Equity Investment Corp boosted its position in shares of AGNC Investment by 5.9% during the 2nd quarter. Equity Investment Corp now owns 4,251,586 shares of the real estate investment trust's stock valued at $47,065,000 after acquiring an additional 237,142 shares during the last quarter. 40.87% of the stock is owned by hedge funds and other institutional investors.

About AGNC Investment

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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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