AGNC Investment (NASDAQ:AGNC) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of AGNC Investment (NASDAQ:AGNC) from a hold rating to a sell rating in a research note released on Saturday.

Several other brokerages have also recently commented on AGNC. Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods lifted their price objective on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research report on Thursday, July 25th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. JPMorgan Chase & Co. lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Finally, Compass Point lifted their price objective on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Stock Down 3.6 %

Shares of AGNC stock opened at $10.01 on Friday. AGNC Investment has a 1 year low of $6.81 and a 1 year high of $10.85. The stock has a market cap of $7.28 billion, a PE ratio of 11.00 and a beta of 1.47. The business’s fifty day moving average is $10.31 and its 200-day moving average is $9.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The company had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Equities analysts expect that AGNC Investment will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 14%. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the transaction, the chief financial officer now directly owns 298,182 shares in the company, valued at $3,002,692.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC increased its stake in shares of AGNC Investment by 945.2% in the third quarter. International Assets Investment Management LLC now owns 1,072,039 shares of the real estate investment trust’s stock worth $102,489,000 after purchasing an additional 969,475 shares during the period. Private Advisor Group LLC increased its stake in AGNC Investment by 14.0% during the third quarter. Private Advisor Group LLC now owns 183,835 shares of the real estate investment trust’s stock valued at $1,923,000 after acquiring an additional 22,591 shares during the period. Signaturefd LLC increased its stake in AGNC Investment by 38.4% during the third quarter. Signaturefd LLC now owns 11,562 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 3,207 shares during the period. Allspring Global Investments Holdings LLC increased its stake in AGNC Investment by 2.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock valued at $86,169,000 after acquiring an additional 189,444 shares during the period. Finally, New Century Financial Group LLC bought a new position in AGNC Investment during the third quarter valued at about $111,000. 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).