Keefe, Bruyette & Woods Increases AGNC Investment (NASDAQ:AGNC) Price Target to $10.25

AGNC Investment (NASDAQ:AGNC) had its price objective hoisted by Keefe, Bruyette & Woods from $10.00 to $10.25 in a research report report published on Thursday morning, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on the company. Maxim Group downgraded AGNC Investment from a buy rating to a hold rating in a report on Wednesday. Janney Montgomery Scott started coverage on AGNC Investment in a report on Thursday, June 6th. They set a buy rating and a $10.50 price target on the stock. Compass Point upped their price target on AGNC Investment from $10.25 to $11.00 and gave the company a buy rating in a report on Wednesday. JMP Securities reaffirmed a market perform rating on shares of AGNC Investment in a report on Thursday, April 18th. Finally, Jonestrading lowered their price target on AGNC Investment from $10.75 to $10.25 and set a buy rating on the stock in a report on Tuesday, April 23rd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $10.00.

AGNC Investment Trading Up 1.8 %

AGNC Investment stock opened at $10.05 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $9.83 and its two-hundred day simple moving average is $9.67. AGNC Investment has a 12 month low of $6.81 and a 12 month high of $10.64. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 11.04 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a return on equity of 26.78% and a net margin of 16.15%. The company had revenue of $695.00 million during the quarter, compared to the consensus estimate of $643.29 million. During the same period last year, the firm posted $0.67 earnings per share. The company’s revenue was up 52.1% compared to the same quarter last year. As a group, equities analysts predict that AGNC Investment will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently disclosed a jul 24 dividend, which will be paid on Friday, August 9th. Investors of record on Wednesday, July 31st will be given a dividend of $0.12 per share. This represents a yield of 13.8%. The ex-dividend date is Wednesday, July 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the sale, the chief financial officer now owns 309,973 shares in the company, valued at $2,888,948.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other AGNC Investment news, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the completion of the sale, the director now owns 111,827 shares in the company, valued at $1,051,173.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Bernice Bell sold 3,500 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the sale, the chief financial officer now owns 309,973 shares of the company’s stock, valued at approximately $2,888,948.36. The disclosure for this sale can be found here. Insiders sold a total of 10,900 shares of company stock worth $102,280 over the last quarter. 0.52% of the stock is currently owned by corporate insiders.

Institutional Trading of AGNC Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGNC. SG Americas Securities LLC raised its stake in AGNC Investment by 17.1% during the 4th quarter. SG Americas Securities LLC now owns 32,727 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 4,777 shares during the period. SeaCrest Wealth Management LLC raised its stake in AGNC Investment by 136.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 34,220 shares of the real estate investment trust’s stock valued at $329,000 after purchasing an additional 19,750 shares during the period. Global Retirement Partners LLC raised its stake in AGNC Investment by 35.3% during the 4th quarter. Global Retirement Partners LLC now owns 10,065 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 2,626 shares during the period. Caprock Group LLC raised its stake in AGNC Investment by 15.1% during the 4th quarter. Caprock Group LLC now owns 91,408 shares of the real estate investment trust’s stock valued at $908,000 after purchasing an additional 11,999 shares during the period. Finally, Fermata Advisors LLC bought a new stake in AGNC Investment during the 4th quarter valued at approximately $149,000. 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).