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

AGNC Investment (NASDAQ:AGNC - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Jones Trading in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $9.50 price target on the real estate investment trust's stock. Jones Trading's price objective would indicate a potential downside of 2.16% from the stock's current price.

Several other research firms have also recently commented on AGNC. Wall Street Zen cut shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. Wells Fargo & Company cut their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods increased their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada dropped their price objective 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $9.58.

AGNC Investment Price Performance

Shares of NASDAQ AGNC traded up $0.09 during midday trading on Tuesday, reaching $9.71. The company's stock had a trading volume of 16,548,383 shares, compared to its average volume of 20,977,128. 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 company has a 50 day moving average price of $9.22 and a 200 day moving average price of $9.43. AGNC Investment has a one year low of $7.85 and a one year high of $10.85. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 28.56 and a beta of 1.28.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04). The firm had revenue of $830.00 million during the quarter, compared to analysts' expectations of $447.37 million. AGNC Investment had a return on equity of 19.63% and a net margin of 11.50%. During the same period last year, the business earned $0.53 earnings per share. On average, equities research analysts expect that AGNC Investment will post 1.61 EPS for the current year.

Insider Buying and Selling at AGNC Investment

In related news, EVP Kenneth L. Pollack sold 17,500 shares of AGNC Investment stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total transaction of $158,025.00. Following the transaction, the executive vice president owned 447,841 shares of the company's stock, valued at $4,044,004.23. This trade represents a 3.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bernice Bell sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $8.88, for a total transaction of $71,040.00. Following the sale, the executive vice president owned 374,019 shares in the company, valued at $3,321,288.72. This trade represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 91,051 shares of company stock worth $807,542 over the last quarter. Company insiders own 0.42% of the company's stock.

Institutional Trading of AGNC Investment

Hedge funds have recently bought and sold shares of the stock. Red Tortoise LLC raised its holdings in AGNC Investment by 377.4% during the 2nd quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust's stock worth $25,000 after buying an additional 2,185 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in shares of AGNC Investment in the fourth quarter valued at approximately $26,000. N.E.W. Advisory Services LLC acquired a new stake in shares of AGNC Investment in the first quarter valued at approximately $28,000. National Bank of Canada FI raised its holdings in shares of AGNC Investment by 112.7% in the fourth 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 last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of AGNC Investment by 326.3% in the first 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 last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).