BidaskClub downgraded shares of AGNC Investment (NASDAQ:AGNC) from a hold rating to a sell rating in a research note issued to investors on Thursday.
AGNC has been the subject of a number of other reports. Maxim Group reaffirmed a buy rating and issued a $21.25 price objective on shares of AGNC Investment in a research report on Thursday, February 1st. ValuEngine downgraded shares of AGNC Investment from a buy rating to a hold rating in a research report on Friday, April 6th. Barclays reduced their price objective on shares of AGNC Investment from $21.00 to $20.00 and set an equal weight rating for the company in a research report on Friday, February 2nd. Zacks Investment Research raised shares of AGNC Investment from a hold rating to a buy rating and set a $21.00 price objective for the company in a research report on Tuesday, April 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $19.50 price objective on shares of AGNC Investment in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $19.96.
AGNC opened at $18.61 on Thursday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.04. AGNC Investment has a fifty-two week low of $17.84 and a fifty-two week high of $22.34. The stock has a market capitalization of $7,286.32, a P/E ratio of 7.57 and a beta of -0.06.
The business also recently announced a apr 18 dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 30th will be given a dividend of $0.18 per share. This represents a dividend yield of 11.61%. The ex-dividend date is Friday, April 27th. AGNC Investment’s dividend payout ratio is currently 87.80%.
In other news, CFO Peter J. Federico sold 13,500 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $18.54, for a total transaction of $250,290.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB grew its position in shares of AGNC Investment by 3.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 125,863 shares of the real estate investment trust’s stock valued at $2,541,000 after acquiring an additional 4,544 shares during the period. Banco de Sabadell S.A bought a new position in shares of AGNC Investment during the 4th quarter valued at approximately $551,000. Financial Advocates Investment Management bought a new position in shares of AGNC Investment during the 4th quarter valued at approximately $375,000. Millennium Management LLC bought a new position in shares of AGNC Investment during the 4th quarter valued at approximately $209,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in shares of AGNC Investment by 11.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 99,333 shares of the real estate investment trust’s stock valued at $2,005,000 after acquiring an additional 10,531 shares during the period. 67.86% of the stock is 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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