AGNC Investment Corp. with ticker code (AGNC) now have 11 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 19 and 16 with a mean TP of 17.23. Now with the previous closing price of 17.4 this would indicate that there is a downside of -1.0%. The day 50 moving average is 16.54 and the 200 day moving average is 16.66. The market cap for the company is $9,261m. You can visit the company’s website by visiting: http://www.agnc.com
AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by government-sponsored enterprise or by the United States government agency. It funds its investments primarily through short-term borrowings structured as repurchase agreements. The company 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 founded in 2008 and is headquartered in Bethesda, Maryland.