AGNC has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price objective on shares of AGNC Investment from $18.00 to $17.50 and set an overweight rating on the stock in a research report on Wednesday, July 24th. ValuEngine cut shares of AGNC Investment from a hold rating to a sell rating in a research report on Friday, August 16th. TheStreet cut shares of AGNC Investment from a c rating to a d+ rating in a research report on Thursday, July 25th. Maxim Group reissued a buy rating and set a $18.00 price objective on shares of AGNC Investment in a research report on Friday, July 26th. Finally, UBS Group assumed coverage on shares of AGNC Investment in a research report on Friday, June 21st. They set a neutral rating and a $16.50 price objective on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $18.17.
AGNC stock opened at $16.26 on Wednesday. The stock has a market capitalization of $8.70 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 2.69 and a beta of 0.27. The company’s 50-day moving average is $15.96 and its 200-day moving average is $17.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.13 and a quick ratio of 0.13. AGNC Investment has a 1 year low of $14.51 and a 1 year high of $18.93.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.01). The company had revenue of $123.00 million for the quarter, compared to the consensus estimate of $289.69 million. AGNC Investment had a positive return on equity of 11.47% and a negative net margin of 62.31%. During the same period last year, the company earned $0.63 EPS. On average, analysts anticipate that AGNC Investment will post 1.97 earnings per share for the current fiscal year.
The firm also recently declared a sep 19 dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a yield of 12.1%. AGNC Investment’s payout ratio is 81.70%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC lifted its position in AGNC Investment by 149.3% in the 2nd quarter. Advisory Services Network LLC now owns 1,496 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 896 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in AGNC Investment in the 2nd quarter valued at about $30,000. Meeder Asset Management Inc. lifted its position in AGNC Investment by 2,397.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,873 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,798 shares in the last quarter. Westside Investment Management Inc. bought a new position in AGNC Investment in the 2nd quarter valued at about $50,000. Finally, Penserra Capital Management LLC bought a new position in AGNC Investment in the 1st quarter valued at about $61,000. 66.74% of the stock is currently owned by institutional investors and hedge funds.
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).
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