AGNC Investment (NASDAQ:AGNC) Cut to “Sell” at ValuEngine

ValuEngine downgraded shares of AGNC Investment (NASDAQ:AGNC) from a hold rating to a sell rating in a research report report published on Friday, ValuEngine reports.

Several other research analysts have also weighed in on AGNC. Maxim Group reaffirmed a buy rating and set a $18.00 target price on shares of AGNC Investment in a research note on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on shares of AGNC Investment from $18.00 to $17.50 and set an overweight rating for the company in a research note on Wednesday, July 24th. BidaskClub lowered shares of AGNC Investment from a buy rating to a hold rating in a research note on Thursday, August 15th. TheStreet lowered shares of AGNC Investment from a c rating to a d+ rating in a research note on Thursday, July 25th. Finally, UBS Group started coverage on shares of AGNC Investment in a research note on Friday, June 21st. They issued a neutral rating and a $16.50 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. AGNC Investment has an average rating of Hold and a consensus price target of $18.17.

Shares of AGNC stock opened at $16.33 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market cap of $8.89 billion, a PE ratio of 6.95, a price-to-earnings-growth ratio of 2.68 and a beta of 0.23. The company has a 50-day moving average of $17.06 and a two-hundred day moving average of $17.43. AGNC Investment has a 1-year low of $16.03 and a 1-year high of $19.40.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). The company had revenue of $123.00 million for the quarter, compared to analysts’ expectations of $289.69 million. AGNC Investment had a positive return on equity of 11.47% and a negative net margin of 62.31%. During the same period last year, the business earned $0.63 EPS. Sell-side analysts anticipate that AGNC Investment will post 2.01 EPS for the current fiscal year.

The firm also recently disclosed a aug 19 dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th will be paid a $0.16 dividend. This represents a dividend yield of 3.82%. The ex-dividend date is Thursday, August 29th. AGNC Investment’s payout ratio is 81.70%.

In other news, CEO Gary D. Kain bought 97,802 shares of AGNC Investment stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average price of $17.73 per share, with a total value of $1,734,029.46. Following the completion of the acquisition, the chief executive officer now directly owns 1,300 shares in the company, valued at $23,049. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary D. Kain bought 7,500 shares of AGNC Investment stock in a transaction that occurred on Friday, May 24th. The stock was purchased at an average cost of $17.01 per share, for a total transaction of $127,575.00. Following the acquisition, the chief executive officer now owns 1,300 shares of the company’s stock, valued at $22,113. The disclosure for this purchase can be found here. Company insiders own 0.30% of the company’s stock.

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC raised its holdings in AGNC Investment by 149.3% in the second quarter. Advisory Services Network LLC now owns 1,496 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 896 shares in the last quarter. Global Retirement Partners LLC raised its holdings in AGNC Investment by 276.9% in the first quarter. Global Retirement Partners LLC now owns 1,568 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,152 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in AGNC Investment in the second quarter valued at approximately $30,000. Meeder Asset Management Inc. raised its holdings in AGNC Investment by 2,397.3% in the second quarter. Meeder Asset Management Inc. now owns 1,873 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,798 shares in the last quarter. Finally, Harvest Group Wealth Management LLC acquired a new stake in AGNC Investment in the first quarter valued at approximately $49,000. 66.29% of the stock is currently owned by hedge funds and other 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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