AGNC Investment (NASDAQ:AGNC) PT Lowered to $10.25 at Jonestrading

AGNC Investment (NASDAQ:AGNC) had its price objective reduced by investment analysts at Jonestrading from $10.75 to $10.25 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Jonestrading’s price target would indicate a potential upside of 9.51% from the company’s current price.

A number of other analysts also recently commented on AGNC. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Compass Point began coverage on shares of AGNC Investment in a research report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 target price on the stock. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Barclays boosted their price objective on shares of AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, January 22nd. Finally, Royal Bank of Canada decreased their target price on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, AGNC Investment has a consensus rating of “Moderate Buy” and an average price target of $9.86.

AGNC Investment Stock Up 1.7 %

AGNC stock traded up $0.16 during mid-day trading on Tuesday, hitting $9.36. 11,737,666 shares of the company were exchanged, compared to its average volume of 11,739,175. The company has a market capitalization of $6.51 billion, a PE ratio of 938.94 and a beta of 1.45. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.64. The firm has a fifty day simple moving average of $9.55 and a 200 day simple moving average of $9.26.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. AGNC Investment had a net margin of 7.59% and a return on equity of 28.02%. The business had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. During the same period in the previous year, the business posted $0.70 EPS. On average, research analysts forecast that AGNC Investment will post 2.16 earnings per share for the current fiscal year.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 10,000 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $9.85, for a total transaction of $98,500.00. Following the completion of the sale, the chief financial officer now owns 287,282 shares of the company’s stock, valued at approximately $2,829,727.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. MeadowBrook Investment Advisors LLC bought a new position in AGNC Investment in the fourth quarter valued at about $30,000. Bruce G. Allen Investments LLC bought a new position in AGNC Investment in the fourth quarter valued at about $37,000. CENTRAL TRUST Co bought a new position in AGNC Investment in the fourth quarter valued at about $46,000. Allworth Financial LP grew its holdings in shares of AGNC Investment by 76.5% during the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,096 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new stake in shares of AGNC Investment during the fourth quarter worth about $55,000. Institutional investors own 38.28% of the company’s stock.

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).