AGNC Investment Corp. (NASDAQ:AGNC) has been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $19.38.
AGNC has been the subject of several research analyst reports. Maxim Group reiterated a “buy” rating and issued a $21.25 price objective on shares of AGNC Investment in a research report on Friday, October 27th. Zacks Investment Research upgraded AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, October 24th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $19.00 target price on shares of AGNC Investment in a research note on Friday.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its stake in AGNC Investment by 17.6% in the 2nd quarter. Wells Fargo & Company MN now owns 6,611,039 shares of the real estate investment trust’s stock valued at $140,749,000 after acquiring an additional 987,395 shares in the last quarter. Global X MANAGEMENT CO LLC lifted its stake in AGNC Investment by 6.4% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,003,301 shares of the real estate investment trust’s stock valued at $21,752,000 after acquiring an additional 60,341 shares in the last quarter. Martingale Asset Management L P lifted its stake in AGNC Investment by 372.2% in the 2nd quarter. Martingale Asset Management L P now owns 1,042,044 shares of the real estate investment trust’s stock valued at $22,186,000 after acquiring an additional 821,363 shares in the last quarter. Aperio Group LLC raised its stake in shares of AGNC Investment by 38.3% during the 3rd quarter. Aperio Group LLC now owns 1,543,880 shares of the real estate investment trust’s stock worth $33,471,000 after purchasing an additional 427,944 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in shares of AGNC Investment by 34.7% during the 3rd quarter. Advisor Group Inc. now owns 60,779 shares of the real estate investment trust’s stock worth $1,318,000 after purchasing an additional 15,666 shares in the last quarter. Hedge funds and other institutional investors own 65.74% of the company’s stock.
AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. AGNC Investment had a return on equity of 12.00% and a net margin of 145.02%. The business had revenue of $178.00 million during the quarter, compared to analyst estimates of $177.50 million. During the same period in the previous year, the firm earned $0.67 EPS. research analysts anticipate that AGNC Investment will post 2.54 EPS for the current fiscal year.
The company also recently announced a nov 17 dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 30th will be paid a $0.18 dividend. This represents a yield of 11%. The ex-dividend date is Wednesday, November 29th. AGNC Investment’s payout ratio is 53.33%.
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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).
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