Compass Point Downgrades AGNC Investment (NASDAQ:AGNC) to Neutral

AGNC Investment (NASDAQ:AGNC) was downgraded by Compass Point from a “buy” rating to a “neutral” rating in a report issued on Friday, MarketBeat Ratings reports. They currently have a $11.50 price objective on the real estate investment trust’s stock. Compass Point’s price target points to a potential upside of 0.61% from the stock’s previous close.

Several other brokerages have also recently issued reports on AGNC. Royal Bank Of Canada restated an “outperform” rating and issued a $12.00 price objective on shares of AGNC Investment in a research note on Friday, April 24th. UBS Group increased their price target on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research report on Friday. Piper Sandler lifted their price objective on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday, June 24th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.33.

AGNC Investment Trading Up 1.0%

NASDAQ:AGNC opened at $11.43 on Friday. AGNC Investment has a 12 month low of $9.11 and a 12 month high of $12.19. The firm has a fifty day simple moving average of $10.59 and a 200-day simple moving average of $10.82. The company has a market capitalization of $13.12 billion, a P/E ratio of 9.45 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. AGNC Investment had a return on equity of 18.31% and a net margin of 39.50%.The company had revenue of ($114.00) million during the quarter, compared to analyst estimates of $411.57 million. Equities analysts forecast that AGNC Investment will post 1.56 EPS for the current year.

Insider Transactions at AGNC Investment

In related news, Director Donna Blank sold 22,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the sale, the director directly owned 96,471 shares of the company’s stock, valued at $1,039,957.38. This trade represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter J. Federico sold 64,412 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total value of $713,684.96. Following the sale, the chief executive officer directly owned 1,927,083 shares in the company, valued at approximately $21,352,079.64. This trade represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 215,234 shares of company stock worth $2,364,022 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in AGNC. Handelsbanken Fonder AB increased its holdings in shares of AGNC Investment by 0.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock valued at $3,851,000 after purchasing an additional 900 shares in the last quarter. Spinnaker Investment Group LLC lifted its stake in shares of AGNC Investment by 1.4% in the 2nd quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock valued at $824,000 after purchasing an additional 1,014 shares during the period. Key Client Fiduciary Advisors LLC boosted its holdings in AGNC Investment by 17.2% during the second quarter. Key Client Fiduciary Advisors LLC now owns 41,853 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 6,143 shares in the last quarter. Steadtrust LLC grew its position in AGNC Investment by 6.8% during the second quarter. Steadtrust LLC now owns 94,592 shares of the real estate investment trust’s stock valued at $1,031,000 after buying an additional 6,000 shares during the period. Finally, Focus Financial Network Inc. acquired a new stake in AGNC Investment during the second quarter valued at $139,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.