AGNC Investment (NASDAQ:AGNC) Price Target Cut to $9.50 by Analysts at Keefe, Bruyette & Woods

AGNC Investment (NASDAQ:AGNC - Get Free Report) had its price target dropped by investment analysts at Keefe, Bruyette & Woods from $10.25 to $9.50 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 5.09% from the company's current price.

Other analysts have also recently issued research reports about the company. Jones Trading decreased their target price on AGNC Investment from $10.25 to $9.50 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Argus reiterated a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Wells Fargo & Company decreased 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. Royal Bank of Canada decreased 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, JPMorgan Chase & Co. decreased their target price on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $9.86.

AGNC Investment Stock Performance

AGNC remained flat at $9.04 during midday trading on Tuesday. The company's stock had a trading volume of 24,958,979 shares, compared to its average volume of 21,252,141. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 9.32 and a beta of 1.29. The firm has a 50-day simple moving average of $8.82 and a 200-day simple moving average of $9.48. AGNC Investment has a 52 week low of $7.85 and a 52 week 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. The company had revenue of $846.00 million during the quarter, compared to analysts' expectations of $436.71 million. During the same period in the previous year, the company earned $0.58 EPS. On average, equities analysts expect that AGNC Investment will post 1.61 EPS for the current year.

Insider Activity

In related news, CEO Peter J. Federico sold 48,333 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $8.70, for a total value of $420,497.10. Following the sale, the chief executive officer now owns 1,691,421 shares of the company's stock, valued at approximately $14,715,362.70. This trade represents a 2.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth L. Pollack sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total value of $158,025.00. Following the completion of the sale, the executive vice president now owns 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. In the last three months, insiders sold 139,384 shares of company stock worth $1,228,039. 0.42% of the stock is currently owned by insiders.

Institutional Trading of AGNC Investment

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in AGNC Investment by 14.1% during the 4th quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust's stock valued at $767,348,000 after acquiring an additional 10,316,999 shares in the last quarter. Norges Bank bought a new stake in shares of AGNC Investment during the fourth quarter valued at about $87,269,000. PL Capital Advisors LLC raised its stake in shares of AGNC Investment by 821.0% during the fourth quarter. PL Capital Advisors LLC now owns 5,464,956 shares of the real estate investment trust's stock valued at $50,332,000 after purchasing an additional 4,871,584 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of AGNC Investment during the 4th quarter worth about $39,840,000. Finally, Nuveen LLC bought a new stake in AGNC Investment in the first quarter worth about $30,546,000. 38.28% of the stock is currently 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).