AGNC Investment (NASDAQ:AGNC) Price Target Cut to $10.25

AGNC Investment (NASDAQ:AGNC - Free Report) had its target price lowered by Jonestrading from $10.75 to $10.25 in a research note released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust's stock.

Several other analysts have also commented on the stock. Royal Bank of Canada lowered their price target on shares of AGNC Investment from $11.00 to $10.00 and set an outperform rating on the stock in a research report on Thursday, January 25th. StockNews.com upgraded shares of AGNC Investment from a sell rating to a hold rating in a research report on Tuesday, March 12th. Compass Point started coverage on shares of AGNC Investment in a research report on Tuesday, February 20th. They set a buy rating and a $10.25 target price on the stock. JMP Securities reaffirmed a market perform rating on shares of AGNC Investment in a research note on Thursday, April 18th. Finally, Barclays increased their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an equal weight rating in a research note on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $9.86.

AGNC Investment Stock Performance

NASDAQ AGNC traded up $0.17 during trading hours on Tuesday, hitting $9.37. 18,457,416 shares of the stock were exchanged, compared to its average volume of 11,829,164. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 937.94 and a beta of 1.45. AGNC Investment has a 12-month low of $6.81 and a 12-month high of $10.64. The stock has a 50-day moving average of $9.55 and a 200 day moving average of $9.26. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. AGNC Investment had a net margin of 7.59% and a return on equity of 28.02%. The company had revenue of $642.00 million during the quarter, compared to analysts' expectations of $568.38 million. During the same period last year, the company posted $0.70 earnings per share. As a group, equities research analysts forecast that AGNC Investment will post 2.16 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be paid a $0.12 dividend. This represents a dividend yield of 15.4%. The ex-dividend date of this dividend is Monday, April 29th. AGNC Investment's dividend payout ratio is presently 14,414.41%.

Insider Buying and Selling

In related news, CFO Bernice Bell sold 10,000 shares of AGNC Investment stock in a transaction on Friday, January 26th. The shares were sold at an average price of $9.85, for a total transaction of $98,500.00. Following the sale, the chief financial officer now owns 287,282 shares of the company's stock, valued at approximately $2,829,727.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.43% of the stock is currently owned by insiders.

Institutional Trading of AGNC Investment

A number of institutional investors have recently made changes to their positions in AGNC. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of AGNC Investment in the 4th quarter valued at approximately $38,593,000. Citigroup Inc. increased its stake in AGNC Investment by 103.2% in the 3rd quarter. Citigroup Inc. now owns 185,721 shares of the real estate investment trust's stock valued at $1,753,000 after buying an additional 94,332 shares during the period. Van ECK Associates Corp increased its stake in AGNC Investment by 4.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,752,044 shares of the real estate investment trust's stock valued at $16,539,000 after buying an additional 78,253 shares during the period. Stifel Financial Corp increased its stake in AGNC Investment by 48.0% in the 3rd quarter. Stifel Financial Corp now owns 451,460 shares of the real estate investment trust's stock valued at $4,262,000 after buying an additional 146,406 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in AGNC Investment in the 3rd quarter valued at approximately $3,655,000. 38.28% of the stock is owned by institutional investors and hedge funds.

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).