AGNC Investment Corp. (NASDAQ:AGNC) Receives Consensus Recommendation of “Buy” from Brokerages

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.

A number of hedge funds and other institutional investors have recently modified their holdings of AGNC. Howard Financial Services LTD. boosted its stake in shares of AGNC Investment by 1.7% during the 1st quarter. Howard Financial Services LTD. now owns 35,846 shares of the real estate investment trust’s stock worth $601,000 after purchasing an additional 616 shares during the last quarter. Ahrens Investment Partners LLC boosted its stake in shares of AGNC Investment by 2.2% during the 2nd quarter. Ahrens Investment Partners LLC now owns 29,424 shares of the real estate investment trust’s stock worth $497,000 after purchasing an additional 624 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of AGNC Investment by 2.9% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 22,968 shares of the real estate investment trust’s stock worth $385,000 after purchasing an additional 649 shares during the last quarter. Capital Square LLC boosted its stake in shares of AGNC Investment by 1.9% during the 1st quarter. Capital Square LLC now owns 36,175 shares of the real estate investment trust’s stock worth $617,000 after purchasing an additional 670 shares during the last quarter. Finally, Carolina Wealth Advisors LLC boosted its stake in shares of AGNC Investment by 18.4% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 4,833 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 750 shares during the last quarter. 50.54% of the stock is currently owned by hedge funds and other institutional investors.

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).

Further Reading: Penny Stocks, What You Need To Know

Analyst Recommendations for AGNC Investment (NASDAQ:AGNC)

Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.