AGNC Investment (NASDAQ:AGNC) PT Lowered to $9.50 at Keefe, Bruyette & Woods

AGNC Investment (NASDAQ:AGNC) had its price target decreased by Keefe, Bruyette & Woods from $10.00 to $9.50 in a research note published on Wednesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the real estate investment trust’s stock.

Several other research firms also recently issued reports on AGNC. JMP Securities reissued a market perform rating on shares of AGNC Investment in a research report on Thursday, April 18th. StockNews.com raised shares of AGNC Investment from a sell rating to a hold rating in a research report on Tuesday, March 12th. Royal Bank of Canada reduced 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 report on Thursday, January 25th. Barclays lifted their price target 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, Jonestrading reduced their price target on shares of AGNC Investment from $10.75 to $10.25 and set a buy rating for the company in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, AGNC Investment presently has an average rating of Moderate Buy and an average target price of $9.79.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $9.33 on Wednesday. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 10.25 and a beta of 1.45. AGNC Investment has a 52 week low of $6.81 and a 52 week high of $10.64. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $9.55 and a 200-day moving average of $9.26.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same quarter last year, the firm posted $0.70 EPS. On average, equities analysts forecast that AGNC Investment will post 2.18 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.12 per share. This represents a yield of 15.4%. The ex-dividend date of this dividend is Monday, April 29th. AGNC Investment’s dividend payout ratio is 158.24%.

Insiders Place Their Bets

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total transaction of $46,750.00. Following the transaction, the director now directly owns 75,545 shares of the company’s stock, valued at approximately $706,345.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

A number of hedge funds have recently bought and sold shares of the company. National Bank of Canada FI raised its stake in shares of AGNC Investment by 6,569.4% during the 3rd quarter. National Bank of Canada FI now owns 139,390 shares of the real estate investment trust’s stock worth $1,270,000 after purchasing an additional 137,300 shares during the period. HB Wealth Management LLC bought a new stake in shares of AGNC Investment during the 3rd quarter worth $153,000. SG Americas Securities LLC raised its stake in shares of AGNC Investment by 136.4% during the 3rd quarter. SG Americas Securities LLC now owns 27,950 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 16,125 shares during the period. KG&L Capital Management LLC raised its stake in shares of AGNC Investment by 67.1% during the 3rd quarter. KG&L Capital Management LLC now owns 65,970 shares of the real estate investment trust’s stock worth $623,000 after purchasing an additional 26,485 shares during the period. Finally, All Season Financial Advisors Inc. raised its stake in shares of AGNC Investment by 5.7% during the 3rd quarter. All Season Financial Advisors Inc. now owns 59,862 shares of the real estate investment trust’s stock worth $565,000 after purchasing an additional 3,251 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

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).