AGNC Investment Corporation (NASDAQ:AGNC – Get Rating) has been assigned a “moderate buy” consensus recommendation by the 12 brokerage firms that cover the stock, Marketbeat.com 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, StockNews.com 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
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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