AGNC Investment (AGNC) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of AGNC Investment (NASDAQ:AGNC) from a sell rating to a hold rating in a report released on Friday.

Several other equities research analysts have also recently weighed in on AGNC. Barclays reissued a hold rating and set a $19.00 price objective on shares of AGNC Investment in a research note on Wednesday, September 12th. BidaskClub cut AGNC Investment from a hold rating to a sell rating in a research note on Saturday, September 22nd. Finally, Zacks Investment Research raised AGNC Investment from a hold rating to a buy rating and set a $21.00 price objective on the stock in a research note on Monday, September 24th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. AGNC Investment currently has an average rating of Hold and an average target price of $19.35.

NASDAQ AGNC traded down $0.02 during trading hours on Friday, hitting $17.83. 5,966,445 shares of the company were exchanged, compared to its average volume of 9,224,619. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.28 and a quick ratio of 0.28. AGNC Investment has a 52 week low of $17.26 and a 52 week high of $20.84. The stock has a market capitalization of $9.42 billion, a P/E ratio of 7.25, a PEG ratio of 2.43 and a beta of 0.13.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. AGNC Investment had a return on equity of 12.05% and a net margin of 125.99%. The company had revenue of $188.00 million for the quarter, compared to analysts’ expectations of $324.65 million. During the same period in the previous year, the firm posted $0.62 earnings per share. As a group, equities research analysts anticipate that AGNC Investment will post 2.45 earnings per share for the current fiscal year.

The firm also recently announced a nov 18 dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a dividend yield of 12.16%. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.

In other AGNC Investment news, Director Larry K. Harvey bought 4,000 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was acquired at an average price of $17.74 per share, for a total transaction of $70,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in AGNC. FMR LLC boosted its position in shares of AGNC Investment by 129.0% during the third quarter. FMR LLC now owns 12,775,229 shares of the real estate investment trust’s stock valued at $238,002,000 after buying an additional 7,197,703 shares during the period. BlackRock Inc. boosted its position in shares of AGNC Investment by 14.4% during the third quarter. BlackRock Inc. now owns 42,967,955 shares of the real estate investment trust’s stock valued at $800,494,000 after buying an additional 5,400,238 shares during the period. Vanguard Group Inc. boosted its position in shares of AGNC Investment by 14.0% during the third quarter. Vanguard Group Inc. now owns 41,306,726 shares of the real estate investment trust’s stock valued at $769,544,000 after buying an additional 5,066,044 shares during the period. State Treasurer State of Michigan boosted its position in shares of AGNC Investment by 31.4% during the second quarter. State Treasurer State of Michigan now owns 18,541,100 shares of the real estate investment trust’s stock valued at $344,679,000 after buying an additional 4,435,300 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of AGNC Investment by 1,098.4% during the third quarter. Renaissance Technologies LLC now owns 3,950,129 shares of the real estate investment trust’s stock valued at $73,591,000 after buying an additional 3,620,514 shares during the period. Institutional investors and hedge funds own 58.85% of the company’s stock.

AGNC Investment Company Profile

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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