AGNC Investment (NASDAQ:AGNC - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Jones Trading in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $9.50 price target on the real estate investment trust's stock. Jones Trading's target price suggests a potential upside of 1.39% from the stock's current price.
AGNC has been the topic of several other reports. Royal Bank Of Canada dropped their price target on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. UBS Group lifted their price target on AGNC Investment from $8.50 to $9.50 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Wall Street Zen downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. Finally, 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 report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.79.
Check Out Our Latest Research Report on AGNC Investment
AGNC Investment Stock Performance
Shares of AGNC Investment stock traded up $0.14 during trading hours on Tuesday, reaching $9.37. The company had a trading volume of 30,812,378 shares, compared to its average volume of 22,318,028. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $9.56 billion, a PE ratio of 23.43 and a beta of 1.28. AGNC Investment has a one year low of $7.85 and a one year high of $10.85. The business has a fifty day simple moving average of $9.19 and a 200 day simple moving average of $9.43.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.04). AGNC Investment had a return on equity of 20.36% and a net margin of 14.91%. The firm had revenue of $830.00 million during the quarter, compared to analysts' expectations of $447.37 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. On average, analysts anticipate that AGNC Investment will post 1.61 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Peter J. Federico sold 48,333 shares of the company's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $8.88, for a total transaction of $429,197.04. Following the transaction, the chief executive officer directly owned 1,643,088 shares in the company, valued at approximately $14,590,621.44. This represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bernice Bell sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $8.88, for a total value of $71,040.00. Following the transaction, the executive vice president directly owned 374,019 shares in the company, valued at approximately $3,321,288.72. This represents a 2.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,384 shares of company stock worth $1,228,039. Insiders own 0.42% of the company's stock.
Hedge Funds Weigh In On AGNC Investment
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in AGNC Investment by 3.0% during the first quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust's stock valued at $821,765,000 after buying an additional 2,462,337 shares during the period. Kingstone Capital Partners Texas LLC boosted its position in AGNC Investment by 241,567.4% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust's stock valued at $446,651,000 after acquiring an additional 46,368,867 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of AGNC Investment by 18.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock valued at $162,828,000 after acquiring an additional 2,589,020 shares during the period. Geode Capital Management LLC increased its holdings in shares of AGNC Investment by 18.8% in the 4th quarter. Geode Capital Management LLC now owns 14,614,721 shares of the real estate investment trust's stock valued at $134,645,000 after acquiring an additional 2,311,105 shares during the period. Finally, Norges Bank bought a new position in shares of AGNC Investment in the 4th quarter worth $87,269,000. 38.28% of the stock is owned by hedge funds and other institutional investors.
AGNC Investment Company Profile
(
Get Free Report)
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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