AGNC Investment Corp (NASDAQ: AGNC) : Investors Should Not Dump AGNC Stock In 2024

In the latest trading session, 8.25 million AGNC Investment Corp (NASDAQ:AGNC) shares changed hands as the company’s beta touched 1.46. With the company’s most recent per share price at $10.31 changed hands at -$0.15 or -1.48% at last look, the market valuation stands at $8.06B. AGNC’s current price is a discount, trading about -5.24% off its 52-week high of $10.85. The share price had its 52-week low at $6.81, which suggests the last value was 33.95% up since then. When we look at AGNC Investment Corp’s average trading volume, we note the 10-day average is 19.21 million shares, with the 3-month average coming to 15.64 million.

Analysts gave the AGNC Investment Corp (AGNC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.80. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 4 recommended AGNC as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight.

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AGNC Investment Corp (NASDAQ:AGNC) trade information

Instantly AGNC was in red as seen in intraday trades today. With action -1.58%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 5.05%, with the 5-day performance at -1.58% in the red. However, in the 30-day time frame, AGNC Investment Corp (NASDAQ:AGNC) is 0.93% up. Looking at the short shares, we see there were 41.25 million shares sold at short interest cover period of 3.34 days.

The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need an upside of 6.27% from its recent market value. According to analyst projections, AGNC’s forecast low is 8 with 12 as the target high. To hit the forecast high, the stock’s price needs a -16.39% plunge from its current level, while the stock would need to tank 22.41% for it to hit the projected low.

AGNC Investment Corp (AGNC) estimates and forecasts

Data shows that the AGNC Investment Corp share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 6.24% over the past 6 months, a -19.16% in annual growth rate that is considerably lower than the industry average of -15.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -24.53%. The 2024 estimates are for AGNC Investment Corp earnings to decrease by -18.81%, but the outlook for the next 5-year period is at -1.81% per year.

AGNC Dividends

AGNC Investment Corp is expected to release its next quarterly earnings report on 2024-Oct-28. The 13.97% annual yield figure for the share gives it an annual dividend of 1.44. It is important to note, however, that the 13.97% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 12.72 per year.

AGNC Investment Corp (NASDAQ:AGNC)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.44% of AGNC Investment Corp shares while 39.36% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 39.53%. There are 39.36% institutions holding the AGNC Investment Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.7079% of the shares, roughly 68.17 million AGNC shares worth $650.33 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.2822% or 37.09 million shares worth $353.86 million as of 2024-06-30.