AGNC Investment (NASDAQ:AGNC) PT Raised to $11.00 at Royal Bank of Canada

AGNC Investment (NASDAQ:AGNC) had its price objective boosted by equities researchers at Royal Bank of Canada from $10.00 to $11.00 in a report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 8.91% from the stock’s previous close.

AGNC has been the topic of several other reports. Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Jonestrading cut their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Keefe, Bruyette & Woods upped their price target on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Janney Montgomery Scott initiated coverage on AGNC Investment in a research report on Thursday, June 6th. They set a “buy” rating and a $10.50 price objective for the company. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.13.

AGNC Investment Stock Up 0.6 %

Shares of NASDAQ AGNC opened at $10.10 on Friday. The stock has a market cap of $7.34 billion, a PE ratio of 11.10 and a beta of 1.48. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. AGNC Investment has a 12-month low of $6.81 and a 12-month high of $10.57. The company has a 50-day moving average of $9.93 and a 200 day moving average of $9.69.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $695.00 million for the quarter, compared to analysts’ expectations of $643.29 million. AGNC Investment had a return on equity of 26.78% and a net margin of 16.15%. The business’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. As a group, sell-side analysts predict that AGNC Investment will post 2.11 EPS for the current fiscal year.

Insider Activity at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total value of $49,850.00. Following the sale, the chief financial officer now directly owns 308,182 shares of the company’s stock, valued at approximately $3,072,574.54. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc raised its position in AGNC Investment by 5.4% during the 2nd quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 1,012 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in AGNC Investment by 6.7% during the first quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 1,059 shares in the last quarter. Highlander Capital Management LLC lifted its position in AGNC Investment by 8.1% in the first quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 1,200 shares during the period. Global Retirement Partners LLC boosted its holdings in AGNC Investment by 12.3% in the 1st quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 1,238 shares in the last quarter. Finally, Oak Thistle LLC increased its position in AGNC Investment by 4.9% during the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock worth $256,000 after purchasing an additional 1,251 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

About AGNC Investment

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).