AGNC Investment (NASDAQ:AGNC) Earns "Buy" Rating from Jones Trading

Key Points

• AGNC Investment's stock was reaffirmed with a "Buy" rating by Jones Trading, with a target price of $10.00, suggesting a potential downside of 0.65% from its previous close.
• The company reported $0.35 earnings per share (EPS) for its last quarter, falling short of the consensus estimate of $0.38.
• AGNC Investment has a consensus rating of "Moderate Buy" with an average price target of $10.04, with six analysts rating it as a Buy and four as a Hold.

AGNC Investment (NASDAQ:AGNC - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Jones Trading in a note issued to investors on Tuesday,Benzinga reports. They currently have a $10.00 target price on the real estate investment trust's stock. Jones Trading's price objective would suggest a potential downside of 0.65% from the company's previous close.

A number of other brokerages have also recently commented on AGNC. UBS Group raised their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Keefe, Bruyette & Woods raised their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. raised their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "overweight" rating in a research note on Monday. Piper Sandler raised their price objective on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an "overweight" rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of AGNC Investment in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, AGNC Investment presently has a consensus rating of "Moderate Buy" and an average price target of $10.04.

AGNC Investment Stock Down 0.3%

AGNC Investment stock traded down $0.04 during mid-day trading on Tuesday, hitting $10.07. 10,261,501 shares of the company's stock were exchanged, compared to its average volume of 24,225,912. The stock has a market cap of $10.49 billion, a P/E ratio of 29.54 and a beta of 1.32. The stock has a 50 day moving average of $9.92 and a two-hundred day moving average of $9.38. AGNC Investment has a 1-year low of $7.85 and a 1-year high of $10.63. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). AGNC Investment had a net margin of 11.50% and a return on equity of 19.32%. The business had revenue of $903.00 million during the quarter, compared to analyst estimates of $466.39 million. During the same period in the prior year, the business posted $0.43 earnings per share. As a group, analysts anticipate that AGNC Investment will post 1.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Paul E. Mullings sold 11,000 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the sale, the director directly owned 128,511 shares of the company's stock, valued at approximately $1,234,990.71. This represents a 7.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John D. Fisk sold 20,278 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $9.65, for a total transaction of $195,682.70. Following the completion of the transaction, the director directly owned 112,685 shares in the company, valued at approximately $1,087,410.25. This represents a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

Institutional Trading of AGNC Investment

Several large investors have recently made changes to their positions in AGNC. KBC Group NV lifted its stake in AGNC Investment by 10.2% in the 1st quarter. KBC Group NV now owns 33,398 shares of the real estate investment trust's stock valued at $320,000 after purchasing an additional 3,081 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in AGNC Investment by 6.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 117,763 shares of the real estate investment trust's stock worth $1,128,000 after purchasing an additional 7,650 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of AGNC Investment during the first quarter valued at about $1,240,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of AGNC Investment by 75.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,257 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 3,112 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of AGNC Investment by 116.6% during the first quarter. Deutsche Bank AG now owns 82,574 shares of the real estate investment trust's stock valued at $791,000 after buying an additional 44,449 shares during the last quarter. Institutional investors and hedge funds 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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.