Keefe, Bruyette & Woods upgraded shares of AGNC Investment (NASDAQ:AGNC) from a market perform rating to an outperform rating in a research note published on Sunday morning, The Fly reports.
A number of other analysts also recently weighed in on the stock. BidaskClub raised shares of AGNC Investment from a buy rating to a strong-buy rating in a report on Tuesday, December 25th. JPMorgan Chase & Co. raised shares of AGNC Investment from a neutral rating to an overweight rating and upped their price target for the stock from $17.50 to $18.00 in a report on Thursday, December 20th. Barclays cut their price target on shares of AGNC Investment from $19.00 to $18.00 and set an equal weight rating for the company in a report on Friday, October 26th. Zacks Investment Research raised shares of AGNC Investment from a hold rating to a buy rating and set a $21.00 price target for the company in a report on Monday, September 24th. Finally, ValuEngine raised shares of AGNC Investment from a sell rating to a hold rating in a report on Friday, December 7th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $19.25.
Shares of AGNC Investment stock opened at $17.89 on Friday. AGNC Investment has a 1-year low of $16.96 and a 1-year high of $19.85. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.03. The company has a market cap of $9.39 billion, a PE ratio of 7.27, a PEG ratio of 2.43 and a beta of 0.13.
The company also recently declared a monthly dividend, which will be paid on Monday, February 11th. Stockholders of record on Thursday, January 31st will be issued a dividend of $0.18 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 12.07%. The ex-dividend date is Wednesday, January 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.
In related news, Director Larry K. Harvey acquired 4,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was acquired at an average cost of $17.74 per share, for a total transaction of $70,960.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in AGNC Investment by 14.4% during the 3rd quarter. BlackRock Inc. now owns 42,967,955 shares of the real estate investment trust’s stock worth $800,494,000 after purchasing an additional 5,400,238 shares in the last quarter. Vanguard Group Inc increased its position in AGNC Investment by 14.0% during the 3rd quarter. Vanguard Group Inc now owns 41,306,726 shares of the real estate investment trust’s stock worth $769,544,000 after purchasing an additional 5,066,044 shares in the last quarter. Capital World Investors increased its position in AGNC Investment by 1.1% during the 3rd quarter. Capital World Investors now owns 22,764,000 shares of the real estate investment trust’s stock worth $424,093,000 after purchasing an additional 246,000 shares in the last quarter. State Treasurer State of Michigan increased its position in AGNC Investment by 21.3% during the 3rd quarter. State Treasurer State of Michigan now owns 22,485,845 shares of the real estate investment trust’s stock worth $418,911,000 after purchasing an additional 3,944,745 shares in the last quarter. Finally, FMR LLC increased its position in AGNC Investment by 129.0% during the 3rd quarter. FMR LLC now owns 12,775,229 shares of the real estate investment trust’s stock worth $238,002,000 after purchasing an additional 7,197,703 shares in the last quarter. Institutional investors and hedge funds own 58.62% of the company’s stock.
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).
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