AGNC Investment Corp. (NASDAQ:AGNC) Given Consensus Recommendation of “Hold” by Brokerages

AGNC Investment Corp. (NASDAQ:AGNC) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $11.0313.

AGNC has been the topic of a number of research analyst reports. JonesTrading downgraded AGNC Investment from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. BTIG Research cut AGNC Investment from a “buy” rating to a “neutral” rating in a report on Tuesday, January 6th. Wells Fargo & Company upped their price objective on AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Piper Sandler raised their price objective on AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Wall Street Zen cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th.

Insider Activity at AGNC Investment

In other AGNC Investment news, EVP Bernice Bell sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total value of $303,500.00. Following the sale, the executive vice president owned 491,728 shares in the company, valued at $5,969,577.92. This trade represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kenneth L. Pollack sold 50,000 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $12.11, for a total transaction of $605,500.00. Following the sale, the executive vice president directly owned 552,297 shares in the company, valued at approximately $6,688,316.67. The trade was a 8.30% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 775,000 shares of company stock valued at $9,246,000. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds have recently modified their holdings of AGNC. Wealthspire Advisors LLC raised its position in AGNC Investment by 0.9% in the fourth quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock valued at $1,118,000 after purchasing an additional 907 shares during the last quarter. Choreo LLC boosted its stake in shares of AGNC Investment by 5.0% during the third quarter. Choreo LLC now owns 20,784 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 985 shares in the last quarter. Lido Advisors LLC grew its holdings in shares of AGNC Investment by 10.4% during the fourth quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 1,046 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of AGNC Investment by 61.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,048 shares during the period. Finally, Motiv8 Investments LLC increased its stake in shares of AGNC Investment by 6.0% in the fourth quarter. Motiv8 Investments LLC now owns 18,621 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 1,049 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $9.69 on Friday. The firm has a 50 day moving average of $11.06 and a 200-day moving average of $10.61. AGNC Investment has a 12 month low of $7.85 and a 12 month high of $12.19. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $10.88 billion, a PE ratio of 6.92 and a beta of 1.37.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%.The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $354.75 million. On average, equities research analysts predict that AGNC Investment will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 14.9%. AGNC Investment’s payout ratio is 102.86%.

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.