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

AGNC Investment (NASDAQ:AGNC - Get Free Report) had its price objective boosted by analysts at Keefe, Bruyette & Woods from $9.50 to $10.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' target price points to a potential upside of 5.99% from the stock's current price.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. dropped their price target on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research note 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 on the stock in a research note on Tuesday, April 22nd. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Wall Street Zen downgraded AGNC Investment from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. Finally, 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 note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, AGNC Investment has a consensus rating of "Moderate Buy" and a consensus price target of $9.83.

AGNC Investment Trading Down 0.7%

Shares of AGNC Investment stock traded down $0.07 on Thursday, hitting $9.44. 5,967,976 shares of the company's stock traded hands, compared to its average volume of 22,162,054. AGNC Investment has a one year low of $7.85 and a one year high of $10.85. 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 company has a fifty day moving average of $9.11 and a two-hundred day moving average of $9.43. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 23.59 and a beta of 1.28.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. AGNC Investment had a return on equity of 20.36% and a net margin of 14.91%. The company had revenue of $846.00 million for the quarter, compared to analyst estimates of $436.71 million. During the same quarter in the prior year, the company earned $0.58 EPS. As a group, sell-side analysts expect that AGNC Investment will post 1.61 earnings per share for the current year.

Insider Transactions at AGNC Investment

In other AGNC Investment news, Director Donna Blank sold 17,218 shares of the 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 completion of the transaction, the director directly owned 90,345 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Also, EVP Bernice Bell sold 8,000 shares of the stock in a transaction 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 of the company's stock, valued at approximately $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 139,384 shares of company stock valued at $1,228,039 in the last three months. 0.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AGNC Investment

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new position in shares of AGNC Investment in the fourth quarter worth $26,000. N.E.W. Advisory Services LLC bought a new position in shares of AGNC Investment in the first quarter worth $28,000. Larson Financial Group LLC boosted 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 worth $32,000 after acquiring an additional 2,519 shares during the period. National Bank of Canada FI boosted 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 worth $32,000 after acquiring an additional 1,832 shares during the period. Finally, AlphaQuest LLC bought a new position in shares of AGNC Investment in the first quarter worth $34,000. 38.28% of the stock is owned by 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).

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