AGNC Investment Corp. (NASDAQ:AGNC) has been given an average recommendation of “Hold” by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $17.80.
A number of equities research analysts have issued reports on AGNC shares. JPMorgan Chase & Co. cut their price target on AGNC Investment from $18.00 to $17.50 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. ValuEngine downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Friday, August 16th. UBS Group started coverage on AGNC Investment in a research note on Friday, June 21st. They set a “neutral” rating and a $16.50 price target for the company. TheStreet downgraded AGNC Investment from a “c” rating to a “d+” rating in a research note on Thursday, July 25th. Finally, Maxim Group restated a “buy” rating and set a $18.00 price target on shares of AGNC Investment in a research note on Friday, July 26th.
Several institutional investors have recently added to or reduced their stakes in AGNC. Nuveen Asset Management LLC purchased a new position in shares of AGNC Investment during the 2nd quarter valued at about $61,511,000. Scout Investments Inc. lifted its position in shares of AGNC Investment by 57.5% during the 2nd quarter. Scout Investments Inc. now owns 9,067,334 shares of the real estate investment trust’s stock valued at $152,513,000 after buying an additional 3,310,432 shares in the last quarter. BlackRock Inc. lifted its position in shares of AGNC Investment by 6.2% during the 1st quarter. BlackRock Inc. now owns 54,360,363 shares of the real estate investment trust’s stock valued at $978,487,000 after buying an additional 3,164,017 shares in the last quarter. FMR LLC lifted its position in shares of AGNC Investment by 15.7% during the 1st quarter. FMR LLC now owns 17,512,839 shares of the real estate investment trust’s stock valued at $315,230,000 after buying an additional 2,376,477 shares in the last quarter. Finally, Carillon Tower Advisers Inc. lifted its position in shares of AGNC Investment by 60.1% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 6,236,700 shares of the real estate investment trust’s stock valued at $104,901,000 after buying an additional 2,340,200 shares in the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.01). The firm had revenue of $123.00 million for the quarter, compared to the consensus estimate of $289.69 million. AGNC Investment had a negative net margin of 62.31% and a positive return on equity of 11.47%. During the same quarter in the prior year, the firm earned $0.63 earnings per share. As a group, research analysts predict that AGNC Investment will post 1.97 earnings per share for the current fiscal year.
The company also recently declared a sep 19 dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 12.1%. AGNC Investment’s dividend payout ratio is currently 81.70%.
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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