JMP Securities Reaffirms “Market Perform” Rating for AGNC Investment (NASDAQ:AGNC)

AGNC Investment (NASDAQ:AGNC)‘s stock had its “market perform” rating reiterated by analysts at JMP Securities in a research note issued to investors on Thursday,Benzinga reports.

AGNC has been the topic of several other research reports. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. JPMorgan Chase & Co. reduced their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.64.

AGNC Investment Price Performance

Shares of AGNC traded up $0.01 during mid-day trading on Thursday, reaching $9.72. The stock had a trading volume of 1,188,655 shares, compared to its average volume of 16,515,498. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of 6.75 and a beta of 1.47. AGNC Investment has a 12 month low of $8.92 and a 12 month high of $10.85. The business has a fifty day moving average of $9.50 and a 200 day moving average of $9.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The firm had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. During the same quarter in the previous year, the company earned $0.65 earnings per share. Equities analysts predict that AGNC Investment will post 1.94 EPS for the current year.

Institutional Trading of AGNC Investment

Institutional investors have recently bought and sold shares of the stock. Paragon Capital Management Ltd raised its position in AGNC Investment by 3.6% during the 3rd quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock worth $321,000 after buying an additional 1,071 shares during the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of AGNC Investment by 6.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust’s stock valued at $170,000 after purchasing an additional 1,150 shares in the last quarter. Garden State Investment Advisory Services LLC increased its holdings in shares of AGNC Investment by 10.0% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 1,176 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares in the last quarter. Finally, Hollencrest Capital Management increased its holdings in shares of AGNC Investment by 0.6% during the 3rd quarter. Hollencrest Capital Management now owns 222,450 shares of the real estate investment trust’s stock valued at $2,327,000 after purchasing an additional 1,290 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).