AGNC Investment’s (AGNC) Outperform Rating Reiterated at Royal Bank of Canada

AGNC Investment (NASDAQ:AGNC)‘s stock had its “outperform” rating reiterated by investment analysts at Royal Bank of Canada in a research note issued on Thursday,Benzinga reports. They currently have a $11.00 target price on the real estate investment trust’s stock. Royal Bank of Canada’s target price points to a potential upside of 10.06% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods decreased their target price on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research report on Wednesday. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. JPMorgan Chase & Co. decreased their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average target price of $10.64.

AGNC Investment Stock Up 1.7 %

AGNC stock traded up $0.17 during mid-day trading on Thursday, reaching $10.00. 13,232,015 shares of the company traded hands, compared to its average volume of 18,385,369. AGNC Investment has a fifty-two week low of $8.92 and a fifty-two week high of $10.85. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 6.94 and a beta of 1.47. The firm’s 50 day moving average price is $9.52 and its 200 day moving average price is $9.89. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. As a group, equities research analysts predict that AGNC Investment will post 1.95 EPS for the current fiscal year.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds have recently modified their holdings of AGNC. Paragon Capital Management Ltd raised its stake in AGNC Investment by 3.6% during the third quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 1,071 shares during the period. Armstrong Advisory Group Inc. boosted its stake in AGNC Investment by 6.6% during the fourth quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 1,150 shares during the period. Garden State Investment Advisory Services LLC lifted its holdings in AGNC Investment by 10.0% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 1,176 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,255 shares in the last quarter. Finally, Hollencrest Capital Management boosted its stake in shares of AGNC Investment by 0.6% in the 3rd quarter. Hollencrest Capital Management now owns 222,450 shares of the real estate investment trust’s stock valued at $2,327,000 after buying an additional 1,290 shares during the period. 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).