AGNC Investment (AGNC) Rating Lowered to Sell at BidaskClub

BidaskClub lowered shares of AGNC Investment (NASDAQ:AGNC) from a hold rating to a sell rating in a research note published on Wednesday morning.

AGNC has been the subject of a number of other research reports. Zacks Investment Research lowered AGNC Investment from a buy rating to a hold rating in a research report on Wednesday, April 4th. ValuEngine lowered AGNC Investment from a hold rating to a sell rating in a research report on Friday, June 1st. Maxim Group restated a buy rating and set a $19.25 price objective (down previously from $21.25) on shares of AGNC Investment in a research report on Thursday, April 26th. Finally, Barclays reduced their price objective on AGNC Investment from $20.00 to $19.00 and set a hold rating for the company in a research report on Friday, April 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. AGNC Investment currently has a consensus rating of Hold and a consensus target price of $19.55.

AGNC Investment opened at $18.78 on Wednesday, Marketbeat reports. AGNC Investment has a 12-month low of $17.84 and a 12-month high of $22.34. The company has a market cap of $8.08 billion and a P/E ratio of 7.63. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.04.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. AGNC Investment had a return on equity of 11.85% and a net margin of 122.47%. The business had revenue of $225.00 million during the quarter, compared to analyst estimates of $240.82 million. During the same quarter in the previous year, the firm posted $0.64 EPS. equities analysts expect that AGNC Investment will post 2.48 EPS for the current fiscal year.

The firm also recently declared a jun 18 dividend, which will be paid on Monday, July 9th. Shareholders of record on Friday, June 29th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 28th. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.

A number of hedge funds have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado raised its position in AGNC Investment by 4.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 66,102 shares of the real estate investment trust’s stock valued at $1,335,000 after buying an additional 2,844 shares during the period. Victory Capital Management Inc. boosted its stake in AGNC Investment by 44.5% during the first quarter. Victory Capital Management Inc. now owns 9,491 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 2,924 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in AGNC Investment by 0.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 349,749 shares of the real estate investment trust’s stock worth $7,062,000 after acquiring an additional 3,100 shares in the last quarter. Rhumbline Advisers boosted its stake in AGNC Investment by 0.9% during the fourth quarter. Rhumbline Advisers now owns 369,019 shares of the real estate investment trust’s stock worth $7,450,000 after acquiring an additional 3,222 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in AGNC Investment by 15.6% during the fourth quarter. MML Investors Services LLC now owns 24,859 shares of the real estate investment trust’s stock worth $502,000 after acquiring an additional 3,359 shares in the last quarter. Institutional investors own 61.59% of the company’s stock.

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).

Analyst Recommendations for AGNC Investment (NASDAQ:AGNC)

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