AGNC Investment (NASDAQ:AGNC) PT Raised to $11.00

AGNC Investment (NASDAQ:AGNC - Get Free Report) had its price target hoisted by investment analysts at Royal Bank of Canada from $9.00 to $11.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Royal Bank of Canada's target price would suggest a potential upside of 14.82% from the stock's previous close.

Several other brokerages also recently weighed in on AGNC. Keefe, Bruyette & Woods upped their target price on AGNC Investment from $8.50 to $10.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 13th. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a report on Tuesday, December 5th. UBS Group reaffirmed a "neutral" rating and issued a $9.00 target price on shares of AGNC Investment in a research report on Wednesday, December 6th. Finally, Barclays started coverage on shares of AGNC Investment in a research note on Wednesday, November 15th. They issued an "equal weight" rating and a $8.00 price target for the company. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $10.21.

AGNC Investment Trading Up 2.0 %

Shares of NASDAQ:AGNC traded up $0.19 during trading on Friday, reaching $9.58. The stock had a trading volume of 7,260,047 shares, compared to its average volume of 12,136,990. AGNC Investment has a fifty-two week low of $6.81 and a fifty-two week high of $12.25. The business has a fifty day moving average price of $8.97 and a 200-day moving average price of $9.42. The stock has a market cap of $6.43 billion, a P/E ratio of 25.84 and a beta of 1.42. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.11. AGNC Investment had a net margin of 17.39% and a return on equity of 28.72%. The firm had revenue of $593.00 million during the quarter, compared to the consensus estimate of $310.17 million. During the same period in the previous year, the firm earned $0.84 earnings per share. As a group, analysts anticipate that AGNC Investment will post 2.52 earnings per share for the current fiscal year.

Institutional Trading of AGNC Investment

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich bought a new position in AGNC Investment in the 2nd quarter valued at about $79,549,000. Norges Bank acquired a new stake in shares of AGNC Investment in the fourth quarter valued at about $56,213,000. Virginia Retirement Systems ET AL acquired a new stake in AGNC Investment in the 2nd quarter worth $52,644,000. Clearbridge Investments LLC lifted its holdings in shares of AGNC Investment by 85.6% during the 3rd quarter. Clearbridge Investments LLC now owns 7,301,298 shares of the real estate investment trust's stock worth $68,924,000 after acquiring an additional 3,367,112 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of AGNC Investment by 86.5% during the fourth quarter. Millennium Management LLC now owns 6,506,730 shares of the real estate investment trust's stock valued at $67,345,000 after acquiring an additional 3,018,383 shares during the period. 38.86% of the stock is currently 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).

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