AGNC Investment (NASDAQ:AGNC) Price Target Cut to $11.00 by Analysts at Wells Fargo & Company

AGNC Investment (NASDAQ:AGNC) had its target price decreased by Wells Fargo & Company from $12.00 to $11.00 in a research note published on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

Several other research firms have also issued reports on AGNC. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods lowered their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research note on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $11.00 target price on shares of AGNC Investment in a research note on Thursday. JPMorgan Chase & Co. decreased their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

AGNC Investment Trading Up 2.5 %

Shares of AGNC stock opened at $10.08 on Thursday. The company has a 50-day moving average of $9.52 and a two-hundred day moving average of $9.90. The firm has a market cap of $8.93 billion, a PE ratio of 7.00 and a beta of 1.47. AGNC Investment has a 1-year low of $8.92 and a 1-year high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results 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 42.19% and a return on equity of 23.41%. On average, analysts predict that AGNC Investment will post 1.95 EPS for the current year.

AGNC Investment Announces Dividend

The firm 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 dividend of $0.12 per share. This represents a yield of 15.5%. The ex-dividend date of this dividend is Friday, January 31st. AGNC Investment’s dividend payout ratio (DPR) is 148.45%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. boosted its holdings in AGNC Investment by 200.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after purchasing an additional 9,639,675 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of AGNC Investment by 314.8% in the 3rd quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust’s stock valued at $40,196,000 after buying an additional 2,916,345 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of AGNC Investment in the 3rd quarter valued at $17,463,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in AGNC Investment by 115.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,912,694 shares of the real estate investment trust’s stock worth $20,007,000 after acquiring an additional 1,023,275 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in AGNC Investment by 945.2% in the third quarter. International Assets Investment Management LLC now owns 1,072,039 shares of the real estate investment trust’s stock valued at $102,489,000 after acquiring an additional 969,475 shares during the last quarter. Hedge funds and other 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).