AGNC Investment (NASDAQ:AGNC - Free Report) had its target price lowered by Wells Fargo & Company from $12.00 to $11.00 in a report released on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust's stock.
Several other research analysts also recently commented on the company. Royal Bank of Canada reissued an "outperform" rating and set a $11.00 target price on shares of AGNC Investment in a research note on Thursday. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods decreased their target price on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a research note on Wednesday. StockNews.com cut AGNC Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. Finally, JPMorgan Chase & Co. dropped their target price on AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.50.
Get Our Latest Stock Report on AGNC
AGNC Investment Stock Performance
Shares of NASDAQ:AGNC traded down $0.11 on Thursday, reaching $9.97. 29,655,330 shares of the company's stock were exchanged, compared to its average volume of 16,832,700. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment has a twelve month low of $8.92 and a twelve month high of $10.85. The company has a fifty day moving average of $9.53 and a 200-day moving average of $9.88. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 10.28 and a beta of 1.47.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. On average, research analysts predict that AGNC Investment will post 1.63 EPS for the current fiscal year.
AGNC Investment Announces Dividend
The business also recently declared a jan 25 dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be issued a $0.12 dividend. This represents a yield of 15.5%. The ex-dividend date of this dividend is Friday, January 31st. AGNC Investment's payout ratio is 148.46%.
Hedge Funds Weigh In On AGNC Investment
Several institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC acquired a new position in shares of AGNC Investment during the second quarter worth approximately $157,000. Bank of Montreal Can raised its holdings in AGNC Investment by 4.7% during the second quarter. Bank of Montreal Can now owns 39,968 shares of the real estate investment trust's stock worth $390,000 after buying an additional 1,777 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of AGNC Investment during the second quarter valued at about $163,000. The Manufacturers Life Insurance Company increased its position in shares of AGNC Investment by 11.4% during the second quarter. The Manufacturers Life Insurance Company now owns 183,911 shares of the real estate investment trust's stock worth $1,755,000 after acquiring an additional 18,864 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of AGNC Investment in the 2nd quarter worth about $668,000. Institutional investors and hedge funds own 38.28% of the company's stock.
About AGNC Investment
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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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