AGNC Investment Corp. (NASDAQ:AGNC) Receives Average Recommendation of “Moderate Buy” from Brokerages

AGNC Investment Corporation (NASDAQ:AGNC – Get Rating) has been assigned a “moderate buy” consensus recommendation by the 12 brokerage firms that cover the stock, reports. Three investment analysts rated the stock with a hold rating and four gave the company a buy rating. The average 12-month price target for brokerages that covered this stock last year is $10.25.

Many research firms have commented on AGNC. UBS Group lowered its target price for AGNC Investments to $8.50 in a report on Friday, November 4th. Maxim Group lowered its target price for AGNC Investment from $13.00 to $9.00 in a report on Tuesday, October 11th. Piper Sandler lowered his price target on AGNC Investments from $13.00 to $9.00, setting an “overweight” rating in its report on Friday, September 30. Credit Suisse Group increased its price target for AGNC Investment to $9.50 in a report on Friday, December 2nd. Finally, covered his AGNC Investment in his Wednesday Oct. 12 report. They issued a “Hold” rating on the stock.

Hedge fund complicit in AGNC investment

Several hedge funds have recently changed their positions on AGNC. Centiva Capital LP increased his AGNC Investment holdings by 698.0% in the second quarter. After Centiva Capital LP purchased an additional 3,490,016 of his shares during the last quarter, he now owns 2,990,016 shares of real estate investment trusts worth $33.1 million. Ensign Peak Advisors Inc increased his AGNC Investment holdings by 2,054.1% in the third quarter. Ensign Peak Advisors Inc. now owns 3,306,055 real estate investment trust shares valued at $27,837,000 after purchasing an additional 3,152,575 shares in the previous quarter. Point72 Asset Management LP purchased new shares in his AGNC Investment worth $18,782,000 in the third quarter. Beach Point Capital Management LP purchased new shares in AGNC Investment worth $12,630,000 in the third quarter. Finally, Northern Trust Corp increased its holding in AGNC Investment by 28.6% in the second quarter. Northern Trust Corporation owns 6,052,716 real estate investment trust shares valued at $67.04 million after purchasing an additional 1,346,753 shares during the previous quarter. 43.36% of the shares are owned by institutional investors and hedge funds.

AGNC investment price performance

NASDAQ AGNC opened at $10.17 on Wednesday. The company has a market capitalization of $5.81 billion, a PE ratio of -2.85 and a beta of 1.20. The company has an equity ratio of 0.02, a quick ratio of 0.25 and a current ratio of 0.25. His 50-day moving average for this business is $8.86 and his 200-day moving average is $10.63. AGNC Investment has a 52-week low of $7.30 and a 52-week high of $15.66.

AGNC Investments (NASDAQ:AGNC – Get Rating) announced its final results on Tuesday, October 25th. Real estate investment trusts posted earnings per share of $0.84 for the quarter, beating consensus expectations of $0.69 by $0.15. The company posted $177 million in revenue for the quarter, compared to consensus expectations of $363.05 million. AGNC Investment’s return on equity was 23.64% and net profit margin was 128.56%. AGNC Investments quarterly revenues decreased 36.6% year-on-year. Earnings per share in the year-ago quarter were $0.75. Sell-side analysts expect AGNC Investments to post earnings per share of 3.05 this year.

Notice of AGNC Investment Dividend

The company recently announced a December 22nd dividend. This dividend he will be paid on Wednesday, January 11th. Investors of record on Friday, December 30th will be awarded a dividend of $0.12. This represents a dividend yield of 14.2%. The ex-dividend date is Thursday, December 29. The payout percentage of AGNC investment is -40.34%.

About AGNC Investment

(get rating)

AGNC Investment Corporation, formerly known as American Capital Agency Corporation, is a real estate investment trust. The Company invests in agency mortgage-backed securities on a leveraged basis. Its investments consist of mortgage pass-through securities and secured mortgage obligations (CMOs), with principal and interest payments made by government-sponsored companies such as the Federal National Mortgage Association (Fannie Mae) and federal mortgage mortgages. Guaranteed by Corporation (Freddie Mac), or a US government agency such as the Government National Mortgage Association (Ginnie Mae) (collectively GSE).

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Analyst Recommendations for AGNC Investments (NASDAQ:AGNC)

This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to

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