Keefe, Bruyette & Woods Issues Positive Forecast for AGNC Investment (NASDAQ:AGNC) Stock Price

AGNC Investment (NASDAQ:AGNC) had its price objective lifted by Keefe, Bruyette & Woods from $10.50 to $11.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

AGNC has been the topic of several other reports. JPMorgan Chase & Co. boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a report on Monday. Royal Bank Of Canada boosted their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Piper Sandler raised their target price on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, UBS Group lifted their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.32.

AGNC Investment Price Performance

AGNC stock opened at $10.57 on Thursday. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 15.78 and a beta of 1.36. The firm’s 50-day moving average price is $10.24 and its two-hundred day moving average price is $9.83. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. AGNC Investment has a 12-month low of $7.85 and a 12-month high of $10.67.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). AGNC Investment had a return on equity of 18.84% and a net margin of 24.40%.The business had revenue of $836.00 million during the quarter, compared to the consensus estimate of $466.39 million. During the same period in the previous year, the business earned $0.43 earnings per share. As a group, equities analysts predict that AGNC Investment will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 13.6%. The ex-dividend date is Wednesday, December 31st. AGNC Investment’s payout ratio is presently 214.93%.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $10.27, for a total transaction of $470,345.46. Following the sale, the chief executive officer directly owned 1,557,401 shares in the company, valued at approximately $15,994,508.27. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AGNC. AIA Group Ltd increased its holdings in AGNC Investment by 60.9% in the 3rd quarter. AIA Group Ltd now owns 248,301 shares of the real estate investment trust’s stock worth $2,431,000 after buying an additional 93,965 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of AGNC Investment by 6.5% during the 3rd quarter. IFP Advisors Inc now owns 19,701 shares of the real estate investment trust’s stock valued at $193,000 after acquiring an additional 1,197 shares during the last quarter. Swiss Life Asset Management Ltd grew its stake in shares of AGNC Investment by 94.3% in the third quarter. Swiss Life Asset Management Ltd now owns 45,957 shares of the real estate investment trust’s stock worth $450,000 after acquiring an additional 22,305 shares during the period. Innova Wealth Partners raised its holdings in shares of AGNC Investment by 10.9% during the third quarter. Innova Wealth Partners now owns 79,330 shares of the real estate investment trust’s stock valued at $777,000 after purchasing an additional 7,814 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of AGNC Investment during the third quarter valued at approximately $2,680,000. 38.28% of the stock is owned by institutional investors.

About AGNC Investment

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).