ValuEngine Upgrades AGNC Investment (AGNC) to Hold

ValuEngine upgraded shares of AGNC Investment (NASDAQ:AGNC) from a sell rating to a hold rating in a research note published on Monday, ValuEngine reports.

A number of other brokerages have also issued reports on AGNC. Zacks Investment Research lowered shares of AGNC Investment from a hold rating to a sell rating in a report on Friday, April 5th. Nomura started coverage on shares of AGNC Investment in a research note on Wednesday, March 27th. They set a neutral rating and a $18.00 target price for the company. BidaskClub lowered shares of AGNC Investment from a buy rating to a hold rating in a research note on Thursday, January 17th. TheStreet raised shares of AGNC Investment from a d+ rating to a c rating in a research note on Thursday, April 25th. Finally, Keefe, Bruyette & Woods raised shares of AGNC Investment from a market perform rating to an outperform rating in a research note on Sunday, January 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $18.60.

Shares of AGNC opened at $17.49 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.03. AGNC Investment has a 12-month low of $16.96 and a 12-month high of $19.72. The stock has a market capitalization of $9.35 billion, a P/E ratio of 7.44, a PEG ratio of 2.88 and a beta of 0.16.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04). AGNC Investment had a negative net margin of 4.10% and a positive return on equity of 11.71%. The firm had revenue of $164.00 million during the quarter, compared to analysts’ expectations of $327.08 million. During the same period in the prior year, the company posted $0.60 EPS. Equities research analysts anticipate that AGNC Investment will post 2.02 EPS for the current year.

The business also recently announced a may 19 dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.16 per share. This represents a yield of 10.98%. The ex-dividend date is Thursday, May 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 91.91%.

In other AGNC Investment news, Director Morris A. Davis sold 11,537 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $17.94, for a total transaction of $206,973.78. Following the completion of the transaction, the director now owns 17,546 shares of the company’s stock, valued at $314,775.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.30% of the company’s stock.

A number of hedge funds have recently made changes to their positions in AGNC. MAI Capital Management purchased a new position in shares of AGNC Investment in the fourth quarter valued at approximately $205,000. Timber Hill LLC purchased a new position in shares of AGNC Investment in the fourth quarter valued at approximately $289,000. Enterprise Financial Services Corp boosted its stake in shares of AGNC Investment by 92.3% in the fourth quarter. Enterprise Financial Services Corp now owns 3,301 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,584 shares during the period. BlackRock Inc. boosted its stake in shares of AGNC Investment by 19.2% in the fourth quarter. BlackRock Inc. now owns 51,196,346 shares of the real estate investment trust’s stock valued at $897,984,000 after purchasing an additional 8,228,391 shares during the period. Finally, Wealthstreet Investment Advisors LLC purchased a new position in shares of AGNC Investment in the fourth quarter valued at approximately $966,000. 69.85% of the stock is owned by institutional investors.

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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Analyst Recommendations for AGNC Investment (NASDAQ:AGNC)

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