AGNC Investment (NASDAQ:AGNC) Given "Hold (C-)" Rating at Weiss Ratings

Key Points

• AGNC Investment has received a "Hold (C-)" rating from Weiss Ratings, indicating a cautious stance from analysts regarding the stock's performance.
• Multiple analysts, including Piper Sandler and Keefe, Bruyette & Woods, have increased their price targets for AGNC Investment, with an average target reaching $9.75.
• AGNC reported earnings of $0.38 EPS for the last quarter, missing analysts' expectations by $0.04, while experiencing significant revenue growth compared to previous periods.

AGNC Investment (NASDAQ:AGNC - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also commented on the company. Piper Sandler increased their price objective on AGNC Investment from $10.00 to $10.50 and gave the company an "overweight" rating in a research note on Wednesday. Keefe, Bruyette & Woods increased their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. UBS Group increased their price objective on AGNC Investment from $9.50 to $9.75 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Finally, Jones Trading reissued a "buy" rating and issued a $9.50 price target on shares of AGNC Investment in a research note on Tuesday, July 22nd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $9.75.

AGNC Investment Stock Performance

NASDAQ AGNC traded up $0.11 on Wednesday, reaching $10.10. The stock had a trading volume of 12,734,360 shares, compared to its average volume of 24,474,549. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33. AGNC Investment has a 12-month low of $7.85 and a 12-month high of $10.63. The business's 50-day moving average price is $9.83 and its 200 day moving average price is $9.35. The stock has a market cap of $10.52 billion, a P/E ratio of 29.69 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.04). AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.The company had revenue of $830.00 million for the quarter, compared to analysts' expectations of $447.37 million. During the same quarter last year, the company earned $0.53 EPS. As a group, equities analysts expect that AGNC Investment will post 1.61 earnings per share for the current year.

Insider Activity at AGNC Investment

In related news, Director John D. Fisk sold 20,278 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction of $195,682.70. Following the transaction, the director directly owned 112,685 shares of the company's stock, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Paul E. Mullings sold 11,000 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the transaction, the director directly owned 128,511 shares in the company, valued at $1,234,990.71. This trade represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Red Tortoise LLC lifted its stake in AGNC Investment by 377.4% during the second quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 2,185 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in AGNC Investment during the first quarter worth $28,000. Larson Financial Group LLC lifted its stake in AGNC Investment by 326.3% during the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 2,519 shares during the last quarter. Trust Co. of Vermont lifted its stake in AGNC Investment by 1,003.0% during the second quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 3,300 shares during the last quarter. Finally, AlphaQuest LLC bought a new position in AGNC Investment during the first quarter worth $34,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

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).

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.