Royal Bank of Canada Cuts AGNC Investment (NASDAQ:AGNC) Price Target to $10.00

AGNC Investment (NASDAQ:AGNC - Get Free Report) had its target price decreased by stock analysts at Royal Bank of Canada from $11.00 to $10.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. Royal Bank of Canada's price target points to a potential upside of 10.31% from the company's previous close.

A number of other research analysts also recently issued reports on the company. StockNews.com upgraded AGNC Investment from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. Argus reissued a "hold" rating on shares of AGNC Investment in a research report on Tuesday. Jones Trading dropped their target price on shares of AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company reduced 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. Finally, JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, AGNC Investment has a consensus rating of "Moderate Buy" and an average price target of $9.96.

AGNC Investment Trading Up 0.5 %

NASDAQ AGNC traded up $0.05 during trading on Tuesday, hitting $9.07. 20,770,778 shares of the company's stock traded hands, compared to its average volume of 19,179,739. The stock has a fifty day moving average of $9.53 and a two-hundred day moving average of $9.65. AGNC Investment has a 12-month low of $7.85 and a 12-month high of $10.85. The firm has a market cap of $8.30 billion, a P/E ratio of 9.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.

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 for the quarter, beating the consensus estimate of $0.41 by $0.03. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. The firm had revenue of $846.00 million during the quarter, compared to the consensus estimate of $436.71 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. As a group, sell-side analysts expect that AGNC Investment will post 1.61 EPS for the current year.

Insider Transactions at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the transaction, the director now owns 75,919 shares in the company, valued at $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Bernice Bell sold 13,000 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the sale, the chief financial officer now directly owns 372,226 shares in the company, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On AGNC Investment

Hedge funds have recently made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new stake in AGNC Investment during the 4th quarter valued at $26,000. Financial Life Planners purchased a new position in AGNC Investment in the fourth quarter valued at about $28,000. National Bank of Canada FI raised its holdings in 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 purchasing an additional 1,832 shares in the last quarter. Spire Wealth Management lifted its position in shares of AGNC Investment by 94.5% during the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,972 shares during the last quarter. Finally, Rossby Financial LCC bought a new stake in shares of AGNC Investment in the 1st quarter valued at about $38,000. 38.28% of the stock is currently owned by hedge funds and other 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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