AGNC Investment Corp. (NASDAQ:AGNC) Receives $17.90 Average Price Target from Analysts
AGNC Investment Corp. (NASDAQ:AGNC) has been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $17.80.
A number of research firms have commented on AGNC. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of SAGE Therapeutics in a research report on Wednesday. BidaskClub downgraded shares of Zai Lab from a “strong-buy” rating to a “buy” rating in a research report on Friday. UBS Group reissued a “buy” rating and set a GBX 285 ($3.72) price objective on shares of in a research report on Friday, June 21st. TheStreet raised shares of Worthington Industries from a “c+” rating to a “b-” rating in a research report on Thursday. Finally, Zacks Investment Research downgraded shares of Ionis Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Friday, April 5th.
NASDAQ:AGNC traded up $0.21 during trading hours on Thursday, reaching $17.41. The company had a trading volume of 4,956,773 shares, compared to its average volume of 4,162,012. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.25 and a current ratio of 0.25. AGNC Investment has a 52 week low of $16.19 and a 52 week high of $19.72. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 2.94 and a beta of 0.24. The company’s 50 day simple moving average is $17.01.
The business also recently declared a jul 19 dividend, which will be paid on Friday, August 9th. Shareholders of record on Wednesday, July 31st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. AGNC Investment’s payout ratio is currently 81.70%.
In other AGNC Investment news, CEO Gary D. Kain bought 97,802 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average cost of $17.73 per share, for a total transaction of $1,734,029.46. Following the transaction, the chief executive officer now owns 1,300 shares of the company’s stock, valued at $23,049. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary D. Kain bought 7,500 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were acquired at an average price of $17.01 per share, for a total transaction of $127,575.00. Following the completion of the transaction, the chief executive officer now directly owns 1,300 shares in the company, valued at approximately $22,113. The disclosure for this purchase can be found here. 0.30% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. IFM Investors Pty Ltd raised its position in shares of AGNC Investment by 2.0% during the 2nd quarter. IFM Investors Pty Ltd now owns 35,709 shares of the real estate investment trust’s stock valued at $601,000 after buying an additional 695 shares in the last quarter. IPG Investment Advisors LLC grew its holdings in AGNC Investment by 3.3% during the 1st quarter. IPG Investment Advisors LLC now owns 24,952 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 800 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in AGNC Investment by 9.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 12,726 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,073 shares during the last quarter. American International Group Inc. grew its holdings in AGNC Investment by 6.4% during the 4th quarter. American International Group Inc. now owns 18,612 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 1,120 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in AGNC Investment by 276.9% during the 1st quarter. Global Retirement Partners LLC now owns 1,568 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,152 shares during the last quarter. Hedge funds and other institutional investors own 69.02% 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).
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