AGNC Investment (NASDAQ:AGNC) Price Target Raised to $10.00 at Keefe, Bruyette & Woods

AGNC Investment (NASDAQ:AGNC - Free Report) had its price objective lifted by Keefe, Bruyette & Woods from $9.50 to $10.00 in a report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust's stock.

AGNC has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price objective on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company reduced their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada reduced their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Finally, Argus reiterated a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $9.79.

AGNC Investment Stock Down 0.5%

Shares of NASDAQ:AGNC traded down $0.05 during trading on Thursday, hitting $9.45. 18,189,485 shares of the company were exchanged, compared to its average volume of 22,240,643. The stock has a market capitalization of $9.64 billion, a P/E ratio of 23.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. AGNC Investment has a 12-month low of $7.85 and a 12-month high of $10.85. The firm's 50 day moving average price is $9.13 and its 200-day moving average price is $9.43.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $846.00 million during the quarter, compared to the consensus estimate 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 earned $0.58 EPS. On average, research analysts predict that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a jul 25 dividend, which will be paid on Monday, August 11th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, July 31st. This represents a yield of 15.2%. AGNC Investment's dividend payout ratio (DPR) is currently 360.00%.

Insider Buying and Selling at AGNC Investment

In other news, EVP Bernice Bell sold 8,000 shares of AGNC Investment stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $8.88, for a total transaction of $71,040.00. Following the completion of the sale, the executive vice president directly owned 374,019 shares in the company, valued at $3,321,288.72. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kenneth L. Pollack sold 17,500 shares of AGNC Investment 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 sale, the executive vice president owned 447,841 shares of the company's stock, valued at approximately $4,044,004.23. This trade represents a 3.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 139,384 shares of company stock valued at $1,228,039. Insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently modified their holdings of AGNC. Vanguard Group Inc. grew its holdings in shares of AGNC Investment by 14.1% during the fourth quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust's stock worth $767,348,000 after buying an additional 10,316,999 shares in the last quarter. Norges Bank purchased a new stake in shares of AGNC Investment during the fourth quarter worth about $87,269,000. Raymond James Financial Inc. acquired a new stake in shares of AGNC Investment in the fourth quarter worth approximately $39,840,000. Nuveen LLC acquired a new stake in shares of AGNC Investment in the first quarter worth approximately $30,546,000. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of AGNC Investment by 18.0% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock worth $162,828,000 after acquiring an additional 2,589,020 shares during the last quarter. 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).