Keefe, Bruyette & Woods Lowers AGNC Investment (NASDAQ:AGNC) Price Target to $9.50

AGNC Investment (NASDAQ:AGNC - Get Free Report) had its target price lowered by analysts at Keefe, Bruyette & Woods from $10.00 to $9.50 in a report issued on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 1.50% from the company's current price.

AGNC has been the topic of several other research reports. Compass Point initiated coverage on AGNC Investment in a research note on Tuesday, February 20th. They issued a "buy" rating and a $10.25 price target on the stock. Jonestrading cut their price objective on AGNC Investment from $10.75 to $10.25 and set a "buy" rating for the company in a research report on Tuesday. Barclays raised their price objective 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. 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 note on Thursday, January 25th. Finally, JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, AGNC Investment currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.79.

AGNC Investment Stock Performance

NASDAQ:AGNC traded down $0.01 during trading hours on Wednesday, reaching $9.36. The stock had a trading volume of 11,640,219 shares, compared to its average volume of 11,827,429. The stock has a market cap of $6.51 billion, a P/E ratio of 10.29 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 company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a 50 day simple moving average of $9.55 and a 200 day simple moving average of $9.26.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. The firm had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. On average, research analysts forecast that AGNC Investment will post 2.16 EPS for the current fiscal year.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 287,282 shares of the company's stock, valued at $2,829,727.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.43% of the company's stock.

Hedge Funds Weigh In On AGNC Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of AGNC Investment during the fourth quarter worth $69,215,000. Vanguard Group Inc. grew its position in AGNC Investment by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust's stock worth $621,628,000 after buying an additional 6,019,268 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in AGNC Investment during the fourth quarter worth about $38,593,000. Clearbridge Investments LLC lifted its stake in AGNC Investment by 85.6% during the third quarter. Clearbridge Investments LLC now owns 7,301,298 shares of the real estate investment trust's stock worth $68,924,000 after purchasing an additional 3,367,112 shares during the period. Finally, GRS Advisors LLC bought a new position in AGNC Investment during the fourth quarter worth about $32,509,000. 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).