AGNC Investment Corp. (NASDAQ:AGNC) has earned an average recommendation of “Buy” from the nine research firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $17.34.
Several analysts recently commented on the stock. Barclays reduced their price target on shares of AGNC Investment from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, July 28th. JMP Securities cut their price objective on shares of AGNC Investment from $18.50 to $17.00 and set a “market outperform” rating for the company in a research report on Friday, July 30th. Zacks Investment Research downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating and set a $20.00 price objective for the company. in a research report on Tuesday, June 8th. BTIG Research restated a “buy” rating and set a $18.00 price objective on shares of AGNC Investment in a research report on Monday, June 21st. Finally, Keefe, Bruyette & Woods downgraded shares of AGNC Investment from an “outperform” rating to a “market perform” rating and set a $18.25 price target for the company. in a report on Sunday, June 6th. They noted that the move was a valuation call.
In related news, Director Gary D. Kain sold 30,000 shares of the stock in a transaction dated Wednesday, August 25th. The shares were sold at an average price of $16.51, for a total value of $495,300.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.38% of the company’s stock.
AGNC stock traded down $0.15 during trading on Tuesday, reaching $15.93. 5,215,336 shares of the stock were exchanged, compared to its average volume of 6,711,254. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average price of $16.19 and a 200-day moving average price of $16.98. AGNC Investment has a 1 year low of $13.53 and a 1 year high of $18.84. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 4.60 and a beta of 1.02.
AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Sunday, July 25th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.11. AGNC Investment had a net margin of 160.72% and a return on equity of 17.84%. During the same quarter in the prior year, the company posted $0.58 EPS. On average, research analysts anticipate that AGNC Investment will post 2.78 EPS for the current year.
The business also recently declared a sep 21 dividend, which will be paid on Tuesday, October 12th. Stockholders of record on Thursday, September 30th will be issued a $0.12 dividend. AGNC Investment’s dividend payout ratio is presently 53.33%.
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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