AGNC Investment Corp (AGNC) Outlook And Short Term Estimates

AGNC Investment Corp (NASDAQ:AGNC) has a beta value of 1.45 and has seen 14.07 million shares traded in the last trading session. The company, currently valued at $8.18B, closed the last trade at $10.45 per share which meant it gained $0.08 on the day or 0.77% during that session. The AGNC stock price is -3.83% off its 52-week high price of $10.85 and 34.83% above the 52-week low of $6.81. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.55 million shares traded. The 3-month trading volume is 15.51 million shares.

The consensus among analysts is that AGNC Investment Corp (AGNC) is Buy stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 4 out of 15 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.51.

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AGNC Investment Corp (NASDAQ:AGNC) trade information

Sporting 0.77% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AGNC stock price touched $10.45 or saw a rise of 0.29%. Year-to-date, AGNC Investment Corp shares have moved 6.52%, while the 5-day performance has seen it change 1.36%. Over the past 30 days, the shares of AGNC Investment Corp (NASDAQ:AGNC) have changed -0.95%. Short interest in the company has seen 47.25 million shares shorted with days to cover at 2.87.

Wall Street analysts have a consensus price target for the stock at $11, which means that the shares’ value could jump 5.0% from current levels. The projected low price target is $8.0 while the price target rests at a high of $12.0. In that case, then, we find that the current price level is -14.83% off the targeted high while a plunge would see the stock lose 23.44% from current levels.

AGNC Investment Corp (AGNC) estimates and forecasts

Figures show that AGNC Investment Corp shares have underperformed across the wider relevant industry. The company’s shares have gained 16.63% over the past 6 months, with this year growth rate of -19.16%, compared to -15.70% for the industry. Revenue growth from the last financial year stood is estimated to be -116.80%.

4 analysts offering their estimates for the company have set an average revenue estimate of 25.99M for the current quarter. 4 have an estimated revenue figure of 48.21M for the next ending quarter. Year-ago sales stood 485.23M and -26M respectively for this quarter and the next, and analysts expect sales will shrink by -94.60% for the current quarter and -116.80% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -24.53% over the past 5 years. Earnings growth for 2024 is a modest -18.86% while over the next 5 years, the company’s earnings are expected to decrease by -2.30%.

AGNC Dividends

AGNC Investment Corp is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.44 at a share yield of 13.78%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 12.72%.

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

Insiders own 0.44% of the company shares, while shares held by institutions stand at 39.76% with a share float percentage of 39.94%. Investors are also buoyed by the number of investors in a company, with AGNC Investment Corp having a total of 592.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 68.17 million shares worth more than $650.33 million. As of 2024-06-30, VANGUARD GROUP INC held 9.7079% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 37.09 million shares as of 2024-06-30. The firm’s total holdings are worth over $353.86 million and represent 5.2822% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . As of Jun 30, 2024 , the former fund manager holds about 2.90% shares in the company for having 22.71 shares of worth $237.3 million while later fund manager owns 18.28 shares of worth $191.07 million as of Jun 30, 2024 , which makes it owner of about 2.34% of company’s outstanding stock.