AGNC Investment (NASDAQ:AGNC) PT Lowered to $9.50

AGNC Investment (NASDAQ:AGNC) had its price target reduced by equities researchers at Keefe, Bruyette & Woods from $10.00 to $9.50 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 2.81% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Royal Bank of Canada dropped their price target on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Compass Point started coverage on shares of AGNC Investment in a research note on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price target for the company. Finally, Barclays boosted their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, January 22nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $9.79.

AGNC Investment Stock Down 1.3 %

AGNC stock opened at $9.24 on Wednesday. AGNC Investment has a one year low of $6.81 and a one year high of $10.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The firm’s 50 day moving average price is $9.56 and its 200-day moving average price is $9.26. The firm has a market cap of $6.42 billion, a PE ratio of 10.13 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. The firm had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. During the same quarter last year, the firm earned $0.70 EPS. On average, equities research analysts anticipate that AGNC Investment will post 2.18 EPS for the current year.

Insider Activity at AGNC Investment

In related news, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total value of $46,750.00. Following the completion of the sale, the director now directly owns 75,545 shares of the company’s stock, valued at $706,345.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in AGNC Investment by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock valued at $621,628,000 after acquiring an additional 6,019,268 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of AGNC Investment by 4.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,015,707 shares of the real estate investment trust’s stock valued at $79,355,000 after buying an additional 332,709 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of AGNC Investment by 1.1% in the fourth quarter. Clearbridge Investments LLC now owns 7,380,614 shares of the real estate investment trust’s stock valued at $72,404,000 after buying an additional 79,316 shares during the last quarter. Norges Bank purchased a new stake in shares of AGNC Investment in the fourth quarter valued at about $69,215,000. Finally, Equity Investment Corp raised its holdings in shares of AGNC Investment by 3.8% in the third quarter. Equity Investment Corp now owns 6,343,975 shares of the real estate investment trust’s stock valued at $59,887,000 after buying an additional 230,265 shares during the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

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).