AGNC Investment (NASDAQ:AGNC) PT Raised to $10.00 at JPMorgan Chase & Co.

AGNC Investment (NASDAQ:AGNC) had its price objective upped by JPMorgan Chase & Co. from $9.50 to $10.00 in a report published on Tuesday morning, Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently commented on the stock. JMP Securities reissued a market perform rating on shares of AGNC Investment in a research note on Thursday, April 18th. Keefe, Bruyette & Woods boosted their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an outperform rating in a research note on Wednesday, July 10th. Jonestrading cut their price objective on shares of AGNC Investment from $10.75 to $10.25 and set a buy rating for the company in a research note on Tuesday, April 23rd. Finally, Janney Montgomery Scott started coverage on shares of AGNC Investment in a research note on Thursday, June 6th. They issued a buy rating and a $10.50 price objective for the company. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $9.88.

AGNC Investment Price Performance

AGNC stock opened at $10.29 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. AGNC Investment has a one year low of $6.81 and a one year high of $10.64. The stock has a market cap of $7.48 billion, a PE ratio of 11.31 and a beta of 1.48. The firm has a 50 day simple moving average of $9.79 and a two-hundred day simple moving average of $9.65.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. The business had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. During the same quarter in the previous year, the company earned $0.70 EPS. On average, analysts predict that AGNC Investment will post 2.14 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently declared a jul 24 dividend, which will be paid on Friday, August 9th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a yield of 13.8%. AGNC Investment’s payout ratio is currently 158.24%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this link. In other AGNC Investment news, Director Paul E. Mullings sold 5,400 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total transaction of $50,760.00. Following the completion of the sale, the director now owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Bernice Bell sold 3,500 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The disclosure for this sale can be found here. Insiders sold 15,900 shares of company stock valued at $149,030 in the last quarter. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AGNC. Norges Bank bought a new position in AGNC Investment in the 4th quarter worth $69,215,000. Vanguard Group Inc. raised its holdings in AGNC Investment by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock worth $621,628,000 after purchasing an additional 6,019,268 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in AGNC Investment in the 4th quarter worth $38,593,000. GRS Advisors LLC bought a new position in AGNC Investment in the 4th quarter worth $32,509,000. Finally, Victory Capital Management Inc. raised its holdings in AGNC Investment by 150.5% in the 4th quarter. Victory Capital Management Inc. now owns 5,175,807 shares of the real estate investment trust’s stock worth $50,775,000 after purchasing an additional 3,109,966 shares in the last quarter. 38.28% of the stock is currently owned by 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).