AGNC Investment (NASDAQ:AGNC) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of AGNC Investment (NASDAQ:AGNC – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on AGNC. Credit Suisse Group increased their price target on AGNC Investment to $9.50 in a report on Friday, December 2nd. Royal Bank of Canada increased their price target on AGNC Investment from $9.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, February 7th. Maxim Group raised their target price on AGNC Investment from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. Barclays raised their target price on AGNC Investment from $9.00 to $12.00 in a report on Friday, January 6th. Finally, JPMorgan Chase & Co. raised AGNC Investment from a “neutral” rating to an “overweight” rating and set a $12.50 target price on the stock in a report on Wednesday, March 8th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.86.

AGNC Investment Stock Down 2.2 %

Shares of NASDAQ:AGNC opened at $9.74 on Thursday. AGNC Investment has a 52-week low of $7.30 and a 52-week high of $13.64. The firm has a market capitalization of $5.60 billion, a P/E ratio of -3.83 and a beta of 1.21. The stock has a 50 day moving average price of $11.14 and a 200-day moving average price of $10.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.24 and a current ratio of 0.24.

AGNC Investment (NASDAQ:AGNC – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.09. The company had revenue of $25.00 million for the quarter, compared to the consensus estimate of $415.17 million. AGNC Investment had a positive return on equity of 26.82% and a negative net margin of 80.24%. The firm’s quarterly revenue was down 89.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. As a group, equities research analysts anticipate that AGNC Investment will post 2.21 EPS for the current fiscal year.

Insider Buying and Selling

In other AGNC Investment news, EVP Kenneth L. Pollack sold 10,910 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $11.34, for a total transaction of $123,719.40. Following the completion of the transaction, the executive vice president now owns 228,634 shares in the company, valued at $2,592,709.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AGNC Investment

Large investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. increased its position in shares of AGNC Investment by 32.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 81,155 shares of the real estate investment trust’s stock worth $847,000 after purchasing an additional 19,954 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in AGNC Investment by 42.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 21,687 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 6,414 shares during the last quarter. Voya Investment Management LLC raised its position in shares of AGNC Investment by 461.7% in the fourth quarter. Voya Investment Management LLC now owns 1,073,316 shares of the real estate investment trust’s stock worth $11,109,000 after acquiring an additional 882,246 shares during the period. Natixis acquired a new position in shares of AGNC Investment in the fourth quarter worth about $4,531,000. Finally, Kovack Advisors Inc. raised its position in shares of AGNC Investment by 62.7% in the fourth quarter. Kovack Advisors Inc. now owns 114,617 shares of the real estate investment trust’s stock worth $1,186,000 after acquiring an additional 44,179 shares during the period. Institutional investors own 40.87% of the company’s stock.

About AGNC Investment

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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).