AGNC Investment (NASDAQ:AGNC) Given “Neutral” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of AGNC Investment (NASDAQ:AGNC) in a report published on Friday, MarketBeat.com reports. The firm currently has a $11.50 price target on the real estate investment trust’s stock, up from their previous price target of $11.00.

A number of other equities analysts have also commented on the stock. UBS Group lifted their price target on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $12.00 price objective on shares of AGNC Investment in a report on Friday, April 24th. Piper Sandler raised their target price on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $11.33.

AGNC Investment Stock Performance

Shares of NASDAQ AGNC opened at $11.22 on Friday. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 9.27 and a beta of 1.31. The business’s 50-day simple moving average is $10.59 and its 200-day simple moving average is $10.82. AGNC Investment has a 52 week low of $9.11 and a 52 week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of ($114.00) million during the quarter, compared to analyst estimates of $411.57 million. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%. As a group, equities research analysts forecast that AGNC Investment will post 1.56 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be given a $0.12 dividend. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Friday, July 31st. AGNC Investment’s payout ratio is currently 119.01%.

Insider Buying and Selling

In other news, CEO Peter J. Federico sold 64,412 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total value of $713,684.96. Following the completion of the sale, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at approximately $21,352,079.64. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the completion of the sale, the director owned 96,471 shares in the company, valued at approximately $1,039,957.38. The trade was a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 215,234 shares of company stock valued at $2,364,022. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. GoalVest Advisory LLC bought a new stake in shares of AGNC Investment in the fourth quarter valued at about $26,000. Avion Wealth increased its stake in AGNC Investment by 286.3% during the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 2,021 shares during the period. Sound Income Strategies LLC raised its holdings in AGNC Investment by 61.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,048 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in AGNC Investment in the 4th quarter valued at approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of AGNC Investment by 110.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,251 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 1,708 shares during the period. Institutional investors own 38.28% of the company’s stock.

About AGNC Investment

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.