AGNC Investment (NASDAQ:AGNC) Given Market Perform Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of AGNC Investment (NASDAQ:AGNC) in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a $12.00 target price on the real estate investment trust’s stock, up from their prior target price of $11.00.

Other research analysts have also recently issued reports about the company. Wall Street Zen cut AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. JPMorgan Chase & Co. increased their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a research note on Monday, December 29th. Barclays increased their price objective on AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Finally, Piper Sandler lifted their target price on shares of AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.03.

AGNC Investment Trading Down 0.4%

Shares of AGNC Investment stock opened at $11.97 on Thursday. The stock has a market capitalization of $12.84 billion, a P/E ratio of 8.55 and a beta of 1.36. AGNC Investment has a 52-week low of $7.85 and a 52-week high of $12.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s 50-day simple moving average is $10.96 and its 200 day simple moving average is $10.25.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). AGNC Investment had a return on equity of 19.13% and a net margin of 47.40%.The business had revenue of $995.00 million during the quarter, compared to analysts’ expectations of $354.75 million. As a group, research analysts anticipate that AGNC Investment will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 30th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 12.0%. AGNC Investment’s payout ratio is currently 102.86%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in AGNC Investment by 51.9% during the 1st quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust’s stock valued at $614,000 after purchasing an additional 21,897 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of AGNC Investment by 38.4% during the first quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 6,923 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of AGNC Investment by 16.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust’s stock valued at $26,937,000 after buying an additional 387,524 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of AGNC Investment by 10.5% during the second quarter. Public Employees Retirement System of Ohio now owns 294,164 shares of the real estate investment trust’s stock valued at $2,703,000 after buying an additional 27,894 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in AGNC Investment by 71.5% in the 2nd quarter. Perigon Wealth Management LLC now owns 21,355 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 8,906 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.