AGNC Investment (NASDAQ:AGNC) PT Lowered to $9.50 at Keefe, Bruyette & Woods

AGNC Investment (NASDAQ:AGNC) had its target price cut by stock analysts at Keefe, Bruyette & Woods from $10.00 to $9.50 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 1.71% from the company’s previous close.

Other analysts have also issued research reports about the company. Barclays upped their price objective on AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, January 22nd. Jonestrading cut their price objective on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Compass Point assumed coverage on AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price for the company. Finally, JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and a consensus target price of $9.79.

AGNC Investment Stock Performance

AGNC stock traded down $0.03 during trading on Wednesday, reaching $9.34. 3,848,755 shares of the company’s stock were exchanged, compared to its average volume of 11,723,125. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. AGNC Investment has a 1-year low of $6.81 and a 1-year high of $10.64. The company’s fifty day moving average price is $9.55 and its 200-day moving average price is $9.26. The firm has a market cap of $6.49 billion, a PE ratio of 10.25 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data 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. The business had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. During the same quarter in the prior year, the firm posted $0.70 earnings per share. On average, research analysts expect that AGNC Investment will post 2.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 10,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $9.85, for a total value of $98,500.00. Following the transaction, the chief financial officer now directly owns 287,282 shares of the company’s stock, valued at approximately $2,829,727.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.43% of the company’s stock.

Institutional Trading of AGNC Investment

Hedge funds have recently added to or reduced their stakes in the business. Bell Bank lifted its position in shares of AGNC Investment by 1.5% in the 1st quarter. Bell Bank now owns 564,106 shares of the real estate investment trust’s stock worth $5,585,000 after acquiring an additional 8,601 shares during the period. Global Retirement Partners LLC lifted its position in shares of AGNC Investment by 12.3% during the 1st quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 1,238 shares during the period. Nicholas Hoffman & Company LLC. lifted its position in shares of AGNC Investment by 4.6% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 51,788 shares of the real estate investment trust’s stock worth $513,000 after buying an additional 2,274 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of AGNC Investment during the 1st quarter worth approximately $617,000. Finally, PFG Investments LLC lifted its position in shares of AGNC Investment by 880.9% during the 1st quarter. PFG Investments LLC now owns 129,501 shares of the real estate investment trust’s stock worth $1,282,000 after buying an additional 116,299 shares during the period. Institutional investors own 38.28% of the company’s stock.

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).