JMP Securities Reaffirms “Market Perform” Rating for AGNC Investment (NASDAQ:AGNC)

JMP Securities restated their market perform rating on shares of AGNC Investment (NASDAQ:AGNC) in a research note published on Thursday morning,Benzinga reports.

Other equities research analysts have also issued reports about the company. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. JPMorgan Chase & Co. reduced their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, AGNC Investment currently has an average rating of “Moderate Buy” and a consensus price target of $10.64.

AGNC Investment Price Performance

AGNC opened at $9.68 on Thursday. AGNC Investment has a 12-month low of $8.92 and a 12-month high of $10.85. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8.57 billion, a P/E ratio of 6.72 and a beta of 1.47. The stock has a fifty day moving average of $9.50 and a 200-day moving average of $9.90.

AGNC Investment Dividend Announcement

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

Hedge Funds Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGNC. Paragon Capital Management Ltd grew its position in AGNC Investment by 3.6% in the third quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 1,071 shares in the last quarter. Armstrong Advisory Group Inc. lifted its stake in shares of AGNC Investment by 6.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 1,150 shares during the last quarter. Garden State Investment Advisory Services LLC boosted its holdings in AGNC Investment by 10.0% in the third quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 1,176 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in AGNC Investment by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,255 shares during the last quarter. Finally, Hollencrest Capital Management raised its holdings in AGNC Investment by 0.6% during the third quarter. Hollencrest Capital Management now owns 222,450 shares of the real estate investment trust’s stock valued at $2,327,000 after buying an additional 1,290 shares in the last quarter. Institutional investors own 38.28% 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).