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 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
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).
- Get a free copy of the StockNews.com research report on AGNC Investment (AGNC)
- Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
- Zimmer Biomet Beats on Earnings, Growth May be Priced In
- AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
- Ford Stock Going Forward After Big Earnings Flop
- Insiders And Institutions Buy Wolverine Worldwide
Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.