AGNC Investment (NASDAQ:AGNC) Price Target Raised to $9.50

AGNC Investment (NASDAQ:AGNC - Get Free Report) had its price target hoisted by research analysts at UBS Group from $8.50 to $9.50 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price objective suggests a potential upside of 0.53% from the company's current price.

A number of other research firms have also recently commented on AGNC. Royal Bank Of Canada lowered their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods increased their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research note on Thursday. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. Finally, Jones Trading reduced their target price on AGNC Investment from $10.25 to $9.50 and set a "buy" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $9.79.

AGNC Investment Stock Down 0.5%

AGNC stock traded down $0.05 during trading on Thursday, reaching $9.45. The stock had a trading volume of 18,189,485 shares, compared to its average volume of 22,207,761. AGNC Investment has a one year low of $7.85 and a one year high of $10.85. The company's 50 day moving average is $9.11 and its two-hundred day moving average is $9.43. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 23.63 and a beta of 1.28. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $846.00 million for the quarter, compared to analyst estimates of $436.71 million. AGNC Investment had a net margin of 14.91% and a return on equity of 20.36%. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Equities research analysts forecast that AGNC Investment will post 1.61 EPS for the current year.

Insider Transactions at AGNC Investment

In other news, EVP Kenneth L. Pollack sold 17,500 shares of the company's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total transaction of $158,025.00. Following the completion of the transaction, the executive vice president directly owned 447,841 shares of the company's stock, valued at $4,044,004.23. This represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter J. Federico sold 48,333 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $8.88, for a total value of $429,197.04. Following the transaction, the chief executive officer directly owned 1,643,088 shares of the company's stock, valued at $14,590,621.44. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,384 shares of company stock valued at $1,228,039 over the last quarter. Corporate insiders own 0.42% of the company's stock.

Institutional Trading of AGNC Investment

Hedge funds have recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC bought a new position in AGNC Investment during the 4th quarter worth $26,000. N.E.W. Advisory Services LLC acquired a new position in AGNC Investment during the 1st quarter worth about $28,000. National Bank of Canada FI lifted its stake in shares of AGNC Investment by 112.7% in the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 1,832 shares during the period. Larson Financial Group LLC lifted its stake in shares of AGNC Investment by 326.3% in the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 2,519 shares during the period. Finally, AlphaQuest LLC acquired a new position in shares of AGNC Investment in the 1st quarter valued at about $34,000. 38.28% of the stock is owned by institutional investors and hedge funds.

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).

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