Keefe, Bruyette & Woods upgraded shares of AGNC Investment (NASDAQ:AGNC) from a market perform rating to an outperform rating in a research note published on Sunday, The Fly reports.
Other equities research analysts have also issued reports about the stock. Barclays lowered their price target on shares of AGNC Investment from $19.00 to $18.00 and set an equal weight rating on the stock in a research note on Friday, October 26th. BidaskClub lowered shares of AGNC Investment from a hold rating to a sell rating in a research note on Saturday, September 22nd. ValuEngine upgraded shares of AGNC Investment from a sell rating to a hold rating in a research note on Friday, December 7th. JPMorgan Chase & Co. upgraded shares of AGNC Investment from a neutral rating to an overweight rating and lifted their price target for the company from $17.50 to $18.00 in a research note on Thursday, December 20th. Finally, Zacks Investment Research upgraded shares of AGNC Investment from a hold rating to a buy rating and set a $20.00 price target on the stock in a research note on Monday, December 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $19.25.
AGNC opened at $17.89 on Friday. The firm has a market capitalization of $9.39 billion, a P/E ratio of 7.27, a P/E/G ratio of 2.43 and a beta of 0.13. AGNC Investment has a 12 month low of $16.96 and a 12 month high of $19.85. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.03.
AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. AGNC Investment had a net margin of 125.99% and a return on equity of 12.05%. The firm had revenue of $188.00 million for the quarter, compared to analyst estimates of $324.65 million. During the same period in the previous year, the business earned $0.62 EPS. As a group, equities analysts forecast that AGNC Investment will post 2.45 EPS for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Monday, February 11th. Stockholders of record on Thursday, January 31st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a $2.16 annualized dividend and a dividend yield of 12.07%. AGNC Investment’s dividend payout ratio is presently 87.80%.
In other news, Director Larry K. Harvey acquired 4,000 shares of the stock in a transaction dated Tuesday, October 30th. The shares were bought at an average cost of $17.74 per share, for a total transaction of $70,960.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its stake in AGNC Investment by 25.9% in the 2nd quarter. California Public Employees Retirement System now owns 1,469,317 shares of the real estate investment trust’s stock valued at $27,315,000 after buying an additional 302,074 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in AGNC Investment by 13.8% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 75,723 shares of the real estate investment trust’s stock valued at $1,411,000 after buying an additional 9,200 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in AGNC Investment in the 3rd quarter valued at about $3,938,000. Mainstay Capital Management LLC ADV acquired a new position in AGNC Investment in the 2nd quarter valued at about $750,000. Finally, Trilogy Capital Inc. acquired a new position in AGNC Investment in the 2nd quarter valued at about $205,000. Institutional investors own 58.62% of the company’s stock.
AGNC Investment Company Profile
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).
See Also: How is inflation measured?