AGNC Investment (NASDAQ:AGNC) Downgraded to “Neutral” Rating by Compass Point

Compass Point downgraded shares of AGNC Investment (NASDAQ:AGNC) from a buy rating to a neutral rating in a report issued on Friday morning, Marketbeat.com reports. The brokerage currently has $11.50 target price on the real estate investment trust’s stock.

Several other analysts have also weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday, June 24th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research note on Friday. UBS Group raised their target price on AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Piper Sandler lifted their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $12.00 price target on shares of AGNC Investment in a report on Friday, April 24th. 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.33.

AGNC Investment Stock Performance

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

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of ($114.00) million during the quarter, compared to analysts’ expectations of $411.57 million. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. Equities analysts predict that AGNC Investment will post 1.56 EPS for the current year.

AGNC Investment Dividend Announcement

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

Insider Activity

In other news, Director Donna Blank sold 22,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total transaction of $237,160.00. Following the sale, the director directly owned 96,471 shares of the company’s stock, valued at $1,039,957.38. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter J. Federico sold 64,412 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 215,234 shares of company stock valued at $2,364,022 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently made changes to their positions in AGNC. GoalVest Advisory LLC acquired a new stake in AGNC Investment in the fourth quarter worth about $26,000. Avion Wealth boosted its stake in AGNC Investment by 286.3% in 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 last quarter. Sound Income Strategies LLC grew its holdings in AGNC Investment by 61.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,048 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of AGNC Investment during the 4th quarter valued at $33,000. Finally, National Bank of Canada FI raised its position in shares of AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,690 shares during the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

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.