The price of AGNC Investment Corp. (NASDAQ:AGNC) shares last traded on Wall Street fell -0.98% to $9.13.
Based on available information, 12 analysts follow AGNC Investment Corp. (NASDAQ:AGNC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $8.00, we find $9.00. Given the previous closing price of $9.22, this indicates a potential downside of -2.39 percent. AGNC stock price is now 0.76% away from the 50-day moving average and -20.80% away from the 200-day moving average. The market capitalization of the company currently stands at $5.27B.
Among analysts, 5 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $8.89 as their price target over the next twelve months.
With the price target reduced from $12 to $9, Barclays Upgraded its rating from Equal Weight to Overweight for AGNC Investment Corp. (NASDAQ: AGNC). On June 09, 2022, Keefe Bruyette Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock increasing its target price from $12.25 to quote $13.25, while ‘Piper Sandler’ rates the stock as ‘Overweight’.
In other news, Kain Gary D, Director, Executive Chair sold 200,000 shares of the company’s stock on Feb 11. The stock was sold for $2,819,760 at an average price of $14.10. Upon completion of the transaction, the Director, Executive Chair now directly owns 667,920 shares in the company, valued at $6.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 11, Director, Executive Chair Kain Gary D sold 400,000 shares of the business’s stock. A total of $5,639,520 was realized by selling the stock at an average price of $14.10. This leaves the insider owning 2,066,178 shares of the company worth $18.86 million. Insiders disposed of 238,577 shares of company stock worth roughly $2.18 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AGNC stock. A new stake in AGNC Investment Corp. shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $20,366,000. EMG HOLDINGS, L.P. invested $15,797,000 in shares of AGNC during the first quarter. In the first quarter, WELLINGTON MANAGEMENT GROUP LLP acquired a new stake in AGNC Investment Corp. valued at approximately $15,444,000. BEACH POINT CAPITAL MANAGEMENT LP acquired a new stake in AGNC for approximately $13,695,000. MKP CAPITAL MANAGEMENT, L.L.C. purchased a new stake in AGNC valued at around $12,338,000 in the second quarter. In total, there are 559 active investors with 43.30% ownership of the company’s stock.
A candlestick chart of AGNC Investment Corp. (NASDAQ: AGNC) showed a price of $9.31 on Friday morning. During the past 12 months, AGNC Investment Corp. has had a low of $7.30 and a high of $16.14. The fifty day moving average price for AGNC is $9.01 and a two-hundred day moving average price translates $11.50 for the stock.
The latest earnings results from AGNC Investment Corp. (NASDAQ: AGNC) was released for Sep, 2022. For the current quarter, analysts expect AGNC to generate $398.75M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/09/2022. Investors who held shares on 11/30/2022 were paid a $0.12 dividend. On an annualized basis, this represents a $1.44 dividend and a 15.77% percent yield. There was an ex-dividend date of 11/29/2022 for this dividend.
AGNC Investment Corp.(AGNC) Company Profile
AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency. It funds its investments primarily through collateralized borrowings structured as repurchase agreements. The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986 and would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as American Capital Agency Corp. and changed its name to AGNC Investment Corp. in September 2016. AGNC Investment Corp. was incorporated in 2008 and is headquartered in Bethesda, Maryland.