AGNC Investment Corp. (AGNC) Receives $19.75 Average Target Price from Analysts

AGNC Investment Corp. (NASDAQ:AGNC) has been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $19.75.

A number of analysts have weighed in on AGNC shares. BidaskClub lowered AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Bank of America raised AGNC Investment from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 1st. Barclays reduced their price target on AGNC Investment from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.50 price target on shares of AGNC Investment in a research report on Thursday, February 1st. Finally, Maxim Group reaffirmed a “buy” rating and set a $21.25 price target on shares of AGNC Investment in a research report on Thursday, February 1st.

In other news, CFO Peter J. Federico sold 13,500 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $18.54, for a total transaction of $250,290.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Several hedge funds have recently modified their holdings of AGNC. Advisors Preferred LLC increased its position in shares of AGNC Investment by 1,328.9% during the fourth quarter. Advisors Preferred LLC now owns 5,001 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 4,651 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of AGNC Investment by 227.8% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,900 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 4,100 shares during the period. Advantage Investment Management LLC acquired a new position in shares of AGNC Investment in the 4th quarter valued at $131,000. Victory Capital Management Inc. increased its position in shares of AGNC Investment by 154.5% in the 4th quarter. Victory Capital Management Inc. now owns 6,567 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 3,987 shares during the period. Finally, National Pension Service acquired a new position in shares of AGNC Investment in the 4th quarter valued at $179,000. 67.86% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment stock opened at $18.95 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.04. The firm has a market cap of $7,415.46, a price-to-earnings ratio of 7.52 and a beta of -0.06. AGNC Investment has a twelve month low of $17.84 and a twelve month high of $22.34.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $212.00 million during the quarter, compared to analyst estimates of $204.32 million. AGNC Investment had a return on equity of 11.89% and a net margin of 86.72%. During the same quarter in the prior year, the business earned $0.64 earnings per share. analysts anticipate that AGNC Investment will post 2.41 earnings per share for the current fiscal year.

The firm also recently declared a mar 18 dividend, which will be paid on Monday, April 9th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.18 per share. This represents a dividend yield of 11.49%. The ex-dividend date is Wednesday, March 28th. AGNC Investment’s payout ratio is presently 87.80%.

WARNING: This story was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://sportsperspectives.com/2018/04/08/agnc-investment-corp-agnc-receives-19-75-average-target-price-from-analysts.html.

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).

Analyst Recommendations for AGNC Investment (NASDAQ:AGNC)

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.



Leave a Reply