AGNC Investment (NASDAQ:AGNC) Price Target Raised to $10.25

AGNC Investment (NASDAQ:AGNC) had its price objective increased by Keefe, Bruyette & Woods from $10.00 to $10.25 in a research report sent to investors on Thursday morning, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the real estate investment trust’s stock.

Several other research analysts have also weighed in on AGNC. Compass Point raised their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a buy rating in a report on Wednesday. Janney Montgomery Scott initiated coverage on shares of AGNC Investment in a research report on Thursday, June 6th. They issued a buy rating and a $10.50 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an overweight rating in a research report on Tuesday, July 16th. JMP Securities restated a market perform rating on shares of AGNC Investment in a research report on Thursday, April 18th. Finally, Jonestrading dropped their price target on shares of AGNC Investment from $10.75 to $10.25 and set a buy rating on the stock in a research report on Tuesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $10.00.

AGNC Investment Price Performance

AGNC opened at $10.05 on Thursday. The company has a fifty day simple moving average of $9.83 and a 200 day simple moving average of $9.67. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 11.04 and a beta of 1.48. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.64. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $695.00 million for the quarter, compared to analyst estimates of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.78%. AGNC Investment’s revenue for the quarter was up 52.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 earnings per share. Equities research analysts expect that AGNC Investment will post 2.11 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced a jul 24 dividend, which will be paid on Friday, August 9th. Stockholders of record on Wednesday, July 31st will be given a $0.12 dividend. This represents a dividend yield of 13.8%. The ex-dividend date is Wednesday, July 31st. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Insider Transactions at AGNC Investment

In other news, Director Paul E. Mullings sold 5,400 shares of AGNC Investment stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the transaction, the director now directly owns 111,827 shares of the company’s stock, valued at $1,051,173.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Bernice Bell sold 3,500 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of the sale, the chief financial officer now directly owns 309,973 shares of the company’s stock, valued at approximately $2,888,948.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total transaction of $50,760.00. Following the sale, the director now directly owns 111,827 shares of the company’s stock, valued at $1,051,173.80. The disclosure for this sale can be found here. Insiders have sold a total of 10,900 shares of company stock valued at $102,280 over the last ninety days. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in AGNC. MeadowBrook Investment Advisors LLC acquired a new stake in AGNC Investment in the 4th quarter valued at about $30,000. LRI Investments LLC bought a new position in AGNC Investment during the 1st quarter worth approximately $38,000. Verity & Verity LLC bought a new position in AGNC Investment during the 1st quarter worth approximately $45,000. CENTRAL TRUST Co bought a new position in AGNC Investment during the 4th quarter worth approximately $46,000. Finally, Allworth Financial LP lifted its stake in AGNC Investment by 76.5% in the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,096 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

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).