AGNC Investment (NASDAQ:AGNC – Get Rating) had its price target reduced by JPMorgan Chase & Co. from $12.50 to $11.00 in a report issued on Monday, The Fly reports.
A number of other research analysts also recently issued reports on the company. StockNews.com began coverage on AGNC Investment in a report on Thursday, March 16th. They issued a hold rating on the stock. Argus cut AGNC Investment from a buy rating to a hold rating in a report on Monday, February 6th. Piper Sandler reduced their price target on AGNC Investment from $12.00 to $11.00 in a report on Monday, April 3rd. Maxim Group upped their price target on AGNC Investment from $9.00 to $12.00 and gave the stock a buy rating in a report on Wednesday, February 1st. Finally, Barclays reduced their price target on AGNC Investment from $12.00 to $11.00 and set an overweight rating for the company in a report on Thursday, April 13th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $10.81.
AGNC Investment Price Performance
Shares of NASDAQ:AGNC opened at $10.05 on Monday. AGNC Investment has a 1 year low of $7.30 and a 1 year high of $12.89. The business has a 50 day simple moving average of $10.35 and a two-hundred day simple moving average of $10.07. The firm has a market capitalization of $5.78 billion, a PE ratio of -3.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.24 and a quick ratio of 0.24.
AGNC Investment (NASDAQ:AGNC – Get Rating) last announced its earnings results on Monday, April 24th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. AGNC Investment had a positive return on equity of 26.82% and a negative net margin of 80.24%. The business had revenue of $351.00 million during the quarter, compared to analyst estimates of $419.83 million. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was down 21.7% compared to the same quarter last year. On average, equities analysts predict that AGNC Investment will post 2.3 EPS for the current year.
AGNC Investment Dividend Announcement
The company also recently announced a apr 23 dividend, which will be paid on Tuesday, May 9th. Shareholders of record on Friday, April 28th will be paid a $0.12 dividend. The ex-dividend date is Thursday, April 27th. This represents a yield of 14.5%. AGNC Investment’s payout ratio is currently -56.69%.
Insiders Place Their Bets
In other news, EVP Kenneth L. Pollack sold 10,910 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $11.34, for a total transaction of $123,719.40. Following the completion of the sale, the executive vice president now directly owns 228,634 shares of the company’s stock, valued at approximately $2,592,709.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is owned by corporate insiders.
Institutional Trading of AGNC Investment
Several institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in AGNC Investment during the 4th quarter worth $56,213,000. Marshall Wace LLP lifted its holdings in AGNC Investment by 8,663.1% in the 4th quarter. Marshall Wace LLP now owns 5,379,236 shares of the real estate investment trust’s stock worth $55,675,000 after buying an additional 5,317,851 shares in the last quarter. Ensign Peak Advisors Inc lifted its holdings in AGNC Investment by 2,054.1% in the 3rd quarter. Ensign Peak Advisors Inc now owns 3,306,055 shares of the real estate investment trust’s stock worth $27,837,000 after buying an additional 3,152,575 shares in the last quarter. Millennium Management LLC lifted its holdings in AGNC Investment by 86.5% in the 4th quarter. Millennium Management LLC now owns 6,506,730 shares of the real estate investment trust’s stock worth $67,345,000 after buying an additional 3,018,383 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in AGNC Investment in the 3rd quarter worth $18,782,000. 40.87% of the stock is owned by hedge funds and other institutional investors.
About AGNC Investment
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).
Further Reading
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