AGNC Investment (NASDAQ:AGNC) Given New $10.25 Price Target at Keefe, Bruyette & Woods

AGNC Investment (NASDAQ:AGNC) had its price objective cut by Keefe, Bruyette & Woods from $10.75 to $10.25 in a report issued on Wednesday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other equities analysts have also commented on AGNC. JPMorgan Chase & Co. lowered their target price on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.64.

AGNC Investment Stock Performance

Shares of AGNC opened at $9.83 on Wednesday. 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 has a 12-month low of $8.92 and a 12-month high of $10.85. The business’s fifty day moving average price is $9.52 and its 200 day moving average price is $9.89. The stock has a market capitalization of $8.71 billion, a PE ratio of 6.83 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS 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%. Equities research analysts forecast that AGNC Investment will post 1.95 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a $0.12 dividend. This represents a yield of 15.5%. The ex-dividend date of this dividend is Friday, January 31st. AGNC Investment’s payout ratio is currently 100.00%.

Hedge Funds Weigh In On AGNC Investment

Large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC bought a new position in shares of AGNC Investment in the second quarter valued at approximately $157,000. Bank of Montreal Can lifted its position in AGNC Investment by 4.7% in the second quarter. Bank of Montreal Can now owns 39,968 shares of the real estate investment trust’s stock worth $390,000 after purchasing an additional 1,777 shares during the period. AQR Capital Management LLC bought a new position in AGNC Investment during the 2nd quarter valued at $163,000. The Manufacturers Life Insurance Company increased its position in shares of AGNC Investment by 11.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 183,911 shares of the real estate investment trust’s stock valued at $1,755,000 after purchasing an additional 18,864 shares during the period. Finally, Algert Global LLC bought a new stake in shares of AGNC Investment in the 2nd quarter worth $668,000. Institutional investors and hedge funds 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).