AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) has been assigned an average recommendation of “Hold” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $14.61.
Several equities analysts have weighed in on AGNC shares. StockNews.com initiated coverage on AGNC Investment in a research report on Thursday, March 31st. They set a “hold” rating for the company. Maxim Group dropped their price objective on AGNC Investment from $17.00 to $13.00 in a research report on Wednesday, May 4th. Zacks Investment Research lowered shares of AGNC Investment from a “hold” rating to a “sell” rating and set a $13.00 target price on the stock. in a report on Tuesday, January 18th. Bank of America downgraded shares of AGNC Investment from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $17.00 to $13.75 in a report on Monday, February 14th. Finally, Piper Sandler raised shares of AGNC Investment from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $13.50 to $13.00 in a research note on Thursday, May 5th.
Institutional investors have recently modified their holdings of the stock. TAP Consulting LLC acquired a new position in AGNC Investment in the fourth quarter valued at $28,000. Landmark Wealth Management LLC acquired a new position in AGNC Investment in the first quarter valued at $191,000. Joseph P. Lucia & Associates LLC acquired a new position in AGNC Investment in the first quarter valued at $26,000. O Dell Group LLC acquired a new position in AGNC Investment in the first quarter valued at $26,000. Finally, National Bank of Canada FI acquired a new position in AGNC Investment in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 47.52% of the company’s stock.
AGNC Investment stock opened at $12.39 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.25 and a debt-to-equity ratio of 0.02. The firm’s 50-day simple moving average is $12.52 and its 200 day simple moving average is $14.15. AGNC Investment has a 52 week low of $10.86 and a 52 week high of $18.84.
AGNC Investment (NASDAQ:AGNC – Get Rating) last released its quarterly earnings results on Monday, May 2nd. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.64 by $0.08. AGNC Investment had a negative net margin of 72.72% and a positive return on equity of 18.40%. During the same period last year, the firm earned $0.76 EPS. As a group, sell-side analysts predict that AGNC Investment will post 2.34 EPS for the current fiscal year.
The business also recently declared a may 22 dividend, which will be paid on Thursday, June 9th. Shareholders of record on Tuesday, May 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 27th. AGNC Investment’s dividend payout ratio (DPR) is presently -77.01%.
About AGNC Investment (Get Rating)
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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