AGNC Investment (NASDAQ:AGNC) Trading 0.6% Higher After Analyst Upgrade

AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report) shares shot up 0.6% on Monday after Royal Bank of Canada raised their price target on the stock from $10.00 to $11.00. Royal Bank of Canada currently has an outperform rating on the stock. AGNC Investment traded as high as $10.19 and last traded at $10.16. 3,415,710 shares traded hands during trading, a decline of 73% from the average session volume of 12,472,940 shares. The stock had previously closed at $10.10.

A number of other brokerages also recently issued reports on AGNC. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Janney Montgomery Scott began coverage on shares of AGNC Investment in a report on Thursday, June 6th. They set a “buy” rating and a $10.50 price target on the stock. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. boosted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average price target of $10.13.

Get Our Latest Stock Analysis on AGNC Investment

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.07, for a total transaction of $50,350.00. Following the transaction, the chief financial officer now directly owns 298,182 shares in the company, valued at $3,002,692.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently bought and sold shares of AGNC. Vanguard Group Inc. increased its holdings in shares of AGNC Investment by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock worth $650,781,000 after buying an additional 2,368,658 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in AGNC Investment by 0.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 8,048,520 shares of the real estate investment trust’s stock worth $76,783,000 after acquiring an additional 32,813 shares during the last quarter. Clearbridge Investments LLC raised its position in AGNC Investment by 1.1% in the fourth quarter. Clearbridge Investments LLC now owns 7,380,614 shares of the real estate investment trust’s stock valued at $72,404,000 after purchasing an additional 79,316 shares during the period. Equity Investment Corp lifted its stake in shares of AGNC Investment by 3.7% in the 2nd quarter. Equity Investment Corp now owns 7,124,392 shares of the real estate investment trust’s stock valued at $67,967,000 after purchasing an additional 253,821 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of AGNC Investment during the 4th quarter worth $69,215,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Stock Up 0.6 %

The business has a 50-day moving average of $9.93 and a 200-day moving average of $9.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 11.16 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC – Get Free Report) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.78%. The company had revenue of $695.00 million during the quarter, compared to analysts’ expectations of $643.29 million. During the same period last year, the firm posted $0.67 earnings per share. AGNC Investment’s revenue was up 52.1% on a year-over-year basis. On average, sell-side analysts expect that AGNC Investment Corp. will post 2.11 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently announced a aug 24 dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be issued a dividend of $0.12 per share. This represents a yield of 14.5%. The ex-dividend date is Friday, August 30th. AGNC Investment’s dividend payout ratio (DPR) is 158.24%.

About AGNC Investment

(Get Free Report)

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).

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