AGNC Investment (NASDAQ:AGNC) Price Target Cut to $10.25 by Analysts at Jonestrading

AGNC Investment (NASDAQ:AGNC) had its price target decreased by equities research analysts at Jonestrading from $10.75 to $10.25 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Jonestrading’s target price would suggest a potential upside of 9.51% from the company’s previous close.

Other analysts have also issued research reports about the company. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Compass Point started coverage on shares of AGNC Investment in a research note on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price objective for the company. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Barclays boosted their price objective on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada reduced their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $9.86.

AGNC Investment Price Performance

Shares of AGNC stock traded up $0.16 during trading hours on Tuesday, hitting $9.36. The stock had a trading volume of 11,737,666 shares, compared to its average volume of 11,739,175. AGNC Investment has a one year low of $6.81 and a one year high of $10.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26. The stock’s 50-day moving average price is $9.55 and its two-hundred day moving average price is $9.26. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 938.94 and a beta of 1.45.

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 the consensus estimate of $0.56 by $0.02. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. The company had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. During the same quarter last year, the business posted $0.70 earnings per share. Equities analysts forecast that AGNC Investment will post 2.16 EPS for the current year.

Insider Activity

In other news, CFO Bernice Bell sold 10,000 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $9.85, for a total transaction of $98,500.00. Following the sale, the chief financial officer now directly owns 287,282 shares of the company’s stock, valued at approximately $2,829,727.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds have recently modified their holdings of AGNC. Nicholas Hoffman & Company LLC. raised its position in shares of AGNC Investment by 4.6% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 51,788 shares of the real estate investment trust’s stock worth $513,000 after purchasing an additional 2,274 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in AGNC Investment in the 1st quarter valued at about $617,000. PFG Investments LLC raised its holdings in AGNC Investment by 880.9% in the 1st quarter. PFG Investments LLC now owns 129,501 shares of the real estate investment trust’s stock valued at $1,282,000 after acquiring an additional 116,299 shares during the last quarter. Raymond James & Associates raised its holdings in AGNC Investment by 19.9% in the 1st quarter. Raymond James & Associates now owns 1,260,431 shares of the real estate investment trust’s stock valued at $12,478,000 after acquiring an additional 209,336 shares during the last quarter. Finally, Kovack Advisors Inc. raised its holdings in AGNC Investment by 5.5% in the 1st quarter. Kovack Advisors Inc. now owns 220,782 shares of the real estate investment trust’s stock valued at $2,186,000 after acquiring an additional 11,588 shares during the last quarter. 38.28% of the stock is owned by hedge funds and other 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).