Keefe, Bruyette & Woods Increases AGNC Investment (NASDAQ:AGNC) Price Target to $10.00

AGNC Investment (NASDAQ:AGNC) had its price objective increased by research analysts at Keefe, Bruyette & Woods from $9.50 to $10.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential downside of 1.48% from the company’s current price.

Several other research analysts also recently weighed in on the company. Jonestrading lowered their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Janney Montgomery Scott initiated coverage on AGNC Investment in a report on Thursday, June 6th. They issued a “buy” rating and a $10.50 price target for the company. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.94.

AGNC Investment Stock Performance

NASDAQ AGNC opened at $10.15 on Wednesday. The stock has a market cap of $7.38 billion, a PE ratio of 11.15 and a beta of 1.48. The company has a current ratio of 0.28, a quick ratio of 0.28 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 stock has a fifty day simple moving average of $9.70 and a 200-day simple moving average of $9.64.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. The business had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. During the same quarter last year, the business posted $0.70 EPS. Equities analysts anticipate that AGNC Investment will post 2.14 earnings per share for the current year.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of AGNC Investment stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the sale, the chief financial officer now owns 309,973 shares of the company’s stock, valued at approximately $2,888,948.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Bernice Bell sold 3,500 shares of AGNC Investment stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the transaction, the chief financial officer now directly owns 309,973 shares in the company, valued at approximately $2,888,948.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $46,750.00. Following the transaction, the director now owns 75,545 shares in the company, valued at $706,345.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,900 shares of company stock valued at $149,030. Insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in AGNC Investment by 3.7% during the first quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after purchasing an additional 2,368,658 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in AGNC Investment by 4.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,015,707 shares of the real estate investment trust’s stock valued at $79,355,000 after acquiring an additional 332,709 shares during the period. Clearbridge Investments LLC increased its stake in AGNC Investment by 1.1% during the fourth quarter. Clearbridge Investments LLC now owns 7,380,614 shares of the real estate investment trust’s stock valued at $72,404,000 after acquiring an additional 79,316 shares during the period. Norges Bank bought a new position in AGNC Investment during the fourth quarter valued at about $69,215,000. Finally, Equity Investment Corp grew its stake in shares of AGNC Investment by 16.2% in the 1st quarter. Equity Investment Corp now owns 6,870,571 shares of the real estate investment trust’s stock valued at $68,019,000 after purchasing an additional 957,139 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

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).