In yesterday’s Wall Street session, AGNC Investment Corp (NASDAQ:AGNC) shares traded at $8.77, up 0.80% from the previous session.
As of this writing, 11 analysts cover 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 $9.00 and a low of $7.50, we find $8.50. Given the previous closing price of $8.70, this indicates a potential downside of -2.3 percent. AGNC stock price is now -0.38% away from the 50-day moving average and -9.83% away from the 200-day moving average. The market capitalization of the company currently stands at $5.89B.
There are 5 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $8.33 as their price target over the next twelve months.
With the price target of $8, Barclays recently initiated with Equal Weight rating for AGNC Investment Corp (NASDAQ: AGNC).
In other news, Kuehl Christopher, EVP, Chief Investment Officer sold 65,000 shares of the company’s stock on Nov 08. The stock was sold for $552,500 at an average price of $8.50. Upon completion of the transaction, the EVP, Chief Investment Officer now directly owns 661,843 shares in the company, valued at $5.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, EVP and Chief Financial Off Bell Bernice sold 6,000 shares of the business’s stock. A total of $50,640 was realized by selling the stock at an average price of $8.44. This leaves the insider owning 260,139 shares of the company worth $2.28 million. Insiders disposed of 278,182 shares of company stock worth roughly $2.44 million over the past 1 year. A total of 0.86% of the company’s stock is owned by insiders.
Monday morning saw AGNC Investment Corp (NASDAQ: AGNC) opened at $8.72. During the past 12 months, AGNC Investment Corp has had a low of $6.81 and a high of $12.25. The fifty day moving average price for AGNC is $8.80 and a two-hundred day moving average price translates $9.73 for the stock.
The latest earnings results from AGNC Investment Corp (NASDAQ: AGNC) was released for Sep, 2023. The net profit margin was 8.71% and return on equity was 4.14% for AGNC. For the current quarter, analysts expect AGNC to generate $339.43M in revenue.
AGNC Investment Corp(AGNC) Company Profile
AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. It 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. The company funds its investments primarily through collateralized borrowings structured as repurchase agreements. It 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.