Keefe, Bruyette & Woods Issues Pessimistic Forecast for AGNC Investment (NASDAQ:AGNC) Stock Price

AGNC Investment (NASDAQ:AGNC) had its price objective lowered by Keefe, Bruyette & Woods from $10.75 to $10.25 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Several other analysts also recently issued reports on AGNC. JPMorgan Chase & Co. cut their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Finally, StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.64.

AGNC Investment Trading Down 0.4 %

AGNC Investment stock opened at $9.83 on Wednesday. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 6.83 and a beta of 1.47. AGNC Investment has a 1 year low of $8.92 and a 1 year high of $10.85. The firm’s 50 day moving average price is $9.52 and its two-hundred day moving average price is $9.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. On average, research analysts predict that AGNC Investment will post 1.95 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a dividend of $0.12 per share. This represents a dividend yield of 15.5%. The ex-dividend date of this dividend is Friday, January 31st. AGNC Investment’s dividend payout ratio is currently 100.00%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. grew its holdings in shares of AGNC Investment by 200.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after acquiring an additional 9,639,675 shares in the last quarter. Geode Capital Management LLC boosted its position in AGNC Investment by 2.0% during the third quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock valued at $128,730,000 after purchasing an additional 242,640 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in AGNC Investment by 5.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust’s stock valued at $80,392,000 after purchasing an additional 424,990 shares in the last quarter. Equity Investment Corp raised its stake in shares of AGNC Investment by 2.1% during the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock worth $76,088,000 after purchasing an additional 149,775 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of AGNC Investment by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock valued at $70,796,000 after buying an additional 162,152 shares during the last quarter. Institutional investors and hedge funds own 38.28% 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).