AGNC Investment’s (AGNC) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities reissued their market perform rating on shares of AGNC Investment (NASDAQ:AGNC) in a report issued on Wednesday, Benzinga reports.

AGNC has been the subject of several other research reports. StockNews.com cut shares of AGNC Investment from a hold rating to a sell rating in a research report on Friday, August 23rd. Janney Montgomery Scott began coverage on shares of AGNC Investment in a report on Thursday, June 6th. They issued a buy rating and a $10.50 price objective for the company. Compass Point upped their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a buy rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an overweight rating in a report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an outperform rating in a report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $10.13.

AGNC Investment Trading Down 0.7 %

Shares of AGNC opened at $10.21 on Wednesday. The stock has a market capitalization of $7.42 billion, a P/E ratio of 11.22 and a beta of 1.48. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $10.03 and a two-hundred day simple moving average of $9.74. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.57.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $695.00 million for the quarter, compared to analysts’ expectations of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.78%. The company’s quarterly revenue was up 52.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. On average, research analysts anticipate that AGNC Investment will post 2.11 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a aug 24 dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be paid a $0.12 dividend. The ex-dividend date is Friday, August 30th. This represents a dividend yield of 14.5%. AGNC Investment’s payout ratio is 158.24%.

Insider Buying and Selling

In related news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total value of $49,850.00. Following the completion of the transaction, the chief financial officer now directly owns 308,182 shares in the company, valued at approximately $3,072,574.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by company insiders.

Institutional Trading of AGNC Investment

Institutional investors and hedge funds have recently bought and sold shares of the company. MeadowBrook Investment Advisors LLC bought a new stake in AGNC Investment during the 4th quarter valued at about $30,000. Ashton Thomas Private Wealth LLC bought a new stake in AGNC Investment during the 2nd quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. increased its stake in AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares in the last quarter. LRI Investments LLC bought a new stake in AGNC Investment during the 1st quarter valued at about $38,000. Finally, Verity & Verity LLC purchased a new stake in shares of AGNC Investment during the 1st quarter valued at about $45,000. 38.28% of the stock is currently 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).