Maxim Group Boosts AGNC Investment (NASDAQ:AGNC) Price Target to $12.00

AGNC Investment (NASDAQ:AGNC – Get Rating) had its price target raised by Maxim Group from $9.00 to $12.00 in a research note released on Wednesday morning, The Fly reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other analysts have also issued reports on the company. Barclays upped their target price on AGNC Investment from $9.00 to $12.00 in a report on Friday, January 6th. UBS Group dropped their price objective on AGNC Investment to $8.50 in a research note on Friday, November 4th. Credit Suisse Group upped their price objective on AGNC Investment to $9.50 in a research note on Friday, December 2nd. Royal Bank of Canada dropped their price objective on AGNC Investment from $13.00 to $10.00 and set an outperform rating on the stock in a research note on Wednesday, October 5th. Finally, StockNews.com started coverage on AGNC Investment in a research note on Wednesday, October 12th. They issued a hold rating on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $10.85.

AGNC Investment Stock Performance

Shares of AGNC Investment stock opened at $11.96 on Wednesday. AGNC Investment has a one year low of $7.30 and a one year high of $14.66. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of -4.71 and a beta of 1.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.25 and a quick ratio of 0.25. The stock’s 50-day moving average is $10.72 and its 200-day moving average is $10.52.

AGNC Investment (NASDAQ:AGNC – Get Rating) last released its earnings results on Tuesday, January 31st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.09. AGNC Investment had a positive return on equity of 26.52% and a negative net margin of 80.24%. The business had revenue of $25.00 million for the quarter, compared to analyst estimates of $415.17 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. AGNC Investment’s revenue was down 89.9% on a year-over-year basis. Equities analysts predict that AGNC Investment will post 2.19 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced a jan 23 dividend, which will be paid on Thursday, February 9th. Stockholders of record on Tuesday, January 31st will be given a $0.12 dividend. This represents a dividend yield of 12.7%. The ex-dividend date is Monday, January 30th. AGNC Investment’s payout ratio is -56.69%.

Hedge Funds Weigh In On AGNC Investment

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Trust Co. NA acquired a new position in shares of AGNC Investment in the second quarter valued at approximately $27,000. Vectors Research Management LLC acquired a new stake in AGNC Investment during the second quarter worth approximately $33,000. Worth Asset Management LLC acquired a new stake in AGNC Investment during the first quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. grew its position in AGNC Investment by 152.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,955 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 2,390 shares in the last quarter. Finally, Spire Wealth Management grew its position in AGNC Investment by 41.6% during the fourth quarter. Spire Wealth Management now owns 4,412 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,297 shares in the last quarter. Institutional investors and hedge funds own 40.87% of the company’s stock.

About AGNC Investment

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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).