AGNC Investment (NASDAQ:AGNC) Receives New Coverage from Analysts at Janney Montgomery Scott (2024)

Janney Montgomery Scott initiated coverage on shares of AGNC Investment (NASDAQ:AGNC – Free Report) in a research note released on Thursday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $10.50 price target on the real estate investment trust’s stock.

AGNC has been the topic of several other reports. Keefe, Bruyette & Woods cut their target price on shares of AGNC Investment from $10.00 to $9.50 and set an outperform rating on the stock in a research report on Wednesday, April 24th. Compass Point began coverage on shares of AGNC Investment in a research report on Tuesday, February 20th. They set a buy rating and a $10.25 target price on the stock. JMP Securities reiterated a market perform rating on shares of AGNC Investment in a research report on Thursday, April 18th. StockNews.com upgraded shares of AGNC Investment from a sell rating to a hold rating in a research report on Tuesday, March 12th. Finally, Jonestrading cut their target price on shares of AGNC Investment from $10.75 to $10.25 and set a buy rating on the stock in a research report on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, AGNC Investment currently has a consensus rating of Moderate Buy and a consensus target price of $9.88.

Get Our Latest Research Report on AGNC

AGNC Investment Trading Down 0.8 %

Shares of AGNC Investment stock opened at $9.73 on Thursday. The firm has a market capitalization of $7.07 billion, a PE ratio of 10.69 and a beta of 1.47. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $9.54 and its 200 day moving average is $9.54. AGNC Investment has a 1 year low of $6.81 and a 1 year high of $10.64.

AGNC Investment (NASDAQ:AGNC – Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. During the same period in the previous year, the firm posted $0.70 EPS. Equities research analysts forecast that AGNC Investment will post 2.1 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently declared a may 24 dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a dividend yield of 14.9%. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Insider Transactions at AGNC Investment

In related news, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total transaction of $46,750.00. Following the transaction, the director now owns 75,545 shares in the company, valued at approximately $706,345.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total transaction of $50,760.00. Following the transaction, the director now owns 111,827 shares in the company, valued at approximately $1,051,173.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total transaction of $46,750.00. Following the transaction, the director now owns 75,545 shares in the company, valued at approximately $706,345.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,900 shares of company stock worth $149,030. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. bought a new stake in AGNC Investment during the 4th quarter valued at $38,593,000. Citigroup Inc. increased its stake in AGNC Investment by 103.2% during the 3rd quarter. Citigroup Inc. now owns 185,721 shares of the real estate investment trust’s stock valued at $1,753,000 after purchasing an additional 94,332 shares in the last quarter. Van ECK Associates Corp increased its stake in AGNC Investment by 4.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,752,044 shares of the real estate investment trust’s stock valued at $16,539,000 after purchasing an additional 78,253 shares in the last quarter. Stifel Financial Corp increased its stake in AGNC Investment by 48.0% during the 3rd quarter. Stifel Financial Corp now owns 451,460 shares of the real estate investment trust’s stock valued at $4,262,000 after purchasing an additional 146,406 shares in the last quarter. Finally, Norges Bank bought a new stake in AGNC Investment during the 4th quarter valued at $69,215,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Company Profile

(Get Free Report)

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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