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

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

AGNC has been the topic of a number of other reports. Royal Bank Of Canada cut their target price on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. decreased their price objective on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company dropped their price target on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Argus restated a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Finally, Jones Trading dropped their target price on AGNC Investment from $10.25 to $9.50 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, AGNC Investment has an average rating of "Hold" and an average price target of $9.79.

AGNC Investment Trading Down 0.5%

NASDAQ:AGNC traded down $0.05 on Thursday, reaching $9.40. 15,623,519 shares of the stock traded hands, compared to its average volume of 22,218,955. The firm has a market capitalization of $9.59 billion, a price-to-earnings ratio of 23.50 and a beta of 1.28. The company's 50 day moving average is $9.14 and its 200-day moving average is $9.43. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. AGNC Investment has a 1-year low of $7.85 and a 1-year high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced 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 company 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 last year, the firm posted $0.58 EPS. Equities research analysts anticipate that AGNC Investment will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently declared a jul 25 dividend, which will be paid on Monday, August 11th. Investors of record on Thursday, July 31st will be paid a $0.12 dividend. The ex-dividend date is Thursday, July 31st. This represents a yield of 15.2%. AGNC Investment's payout ratio is 360.00%.

Insider Buying and Selling

In other news, Director Donna Blank sold 17,218 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total transaction of $149,280.06. Following the transaction, the director directly owned 90,345 shares of the company's stock, valued at $783,291.15. This represents a 16.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Peter J. Federico sold 48,333 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $8.88, for a total value of $429,197.04. Following the completion of 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 disclosure for this sale can be found here. In the last three months, insiders sold 139,384 shares of company stock valued at $1,228,039. Insiders own 0.42% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Fourth Dimension Wealth LLC purchased a new stake in AGNC Investment in the fourth quarter worth about $26,000. N.E.W. Advisory Services LLC bought a new stake in shares of AGNC Investment in the 1st quarter valued at approximately $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 last quarter. 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 last quarter. Finally, AlphaQuest LLC bought a new stake in shares of AGNC Investment in the 1st quarter valued at approximately $34,000. Institutional investors own 38.28% of the company's stock.

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).