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

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

Several other equities analysts also recently commented on AGNC. JPMorgan Chase & Co. lowered their target price on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Argus reissued a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Finally, Royal Bank Of Canada lowered their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $9.79.

AGNC Investment Stock Down 0.5%

Shares of NASDAQ AGNC traded down $0.05 during mid-day trading on Thursday, reaching $9.40. The company had a trading volume of 15,623,519 shares, compared to its average volume of 22,190,959. AGNC Investment has a twelve month low of $7.85 and a twelve month high of $10.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $9.59 billion, a PE ratio of 23.50 and a beta of 1.28. The stock's 50 day moving average is $9.14 and its 200-day moving average is $9.43.

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

AGNC Investment Announces Dividend

The business also recently announced 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. This represents a dividend yield of 15.2%. The ex-dividend date is Thursday, July 31st. AGNC Investment's payout ratio is presently 360.00%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, EVP Bernice Bell sold 8,000 shares of the firm's 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kenneth L. Pollack sold 17,500 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total value of $158,025.00. Following the completion of the transaction, the executive vice president directly owned 447,841 shares in the company, valued at $4,044,004.23. The trade was a 3.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,384 shares of company stock worth $1,228,039 in the last three months. 0.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Capital Wealth Advisors boosted its holdings in shares of AGNC Investment by 26.9% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 16,500 shares of the real estate investment trust's stock worth $152,000 after acquiring an additional 3,500 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in AGNC Investment by 20.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 97,470 shares of the real estate investment trust's stock worth $896,000 after buying an additional 16,568 shares in the last quarter. Kingstone Capital Partners Texas LLC lifted its holdings 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 worth $446,651,000 after buying an additional 46,368,867 shares in the last quarter. CWC Advisors LLC. acquired a new position in AGNC Investment during the 2nd quarter worth $108,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in AGNC Investment by 50.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 176,604 shares of the real estate investment trust's stock worth $1,658,000 after buying an additional 58,841 shares in the last quarter. 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).