AGNC Investment (NASDAQ:AGNC) Stock Rating Lowered by JPMorgan Chase & Co.

AGNC Investment (NASDAQ:AGNCGet Rating) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Monday, The Fly reports. They currently have a $11.50 target price on the real estate investment trust’s stock, down from their previous target price of $14.50. JPMorgan Chase & Co.‘s price objective points to a potential downside of 0.78% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Zacks Investment Research lowered AGNC Investment from a “hold” rating to a “sell” rating and set a $13.00 target price on the stock. in a research report on Tuesday, January 18th. Bank of America lowered AGNC Investment from a “buy” rating to a “neutral” rating and cut their target price for the company from $17.00 to $13.75 in a research report on Monday, February 14th. TheStreet lowered AGNC Investment from a “c” rating to a “d+” rating in a report on Monday, January 31st. StockNews.com assumed coverage on AGNC Investment in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Piper Sandler decreased their price target on AGNC Investment from $16.50 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, January 5th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AGNC Investment presently has an average rating of “Hold” and a consensus price target of $15.83.

Shares of AGNC stock opened at $11.59 on Monday. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 9.74 and a beta of 1.01. The stock has a 50-day moving average of $12.94 and a 200-day moving average of $14.59. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.01. AGNC Investment has a 1-year low of $11.55 and a 1-year high of $18.84.

AGNC Investment (NASDAQ:AGNCGet Rating) last issued its quarterly earnings results on Monday, January 31st. The real estate investment trust reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. AGNC Investment had a return on equity of 17.52% and a net margin of 58.24%. During the same period in the previous year, the business earned $0.75 earnings per share. Sell-side analysts forecast that AGNC Investment will post 2.17 earnings per share for the current year.

In other AGNC Investment news, Director Gary D. Kain sold 400,000 shares of the firm’s stock in a transaction on Friday, February 11th. The stock was sold at an average price of $14.10, for a total value of $5,640,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.41% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Joseph P. Lucia & Associates LLC bought a new position in shares of AGNC Investment during the first quarter valued at about $26,000. TAP Consulting LLC bought a new position in AGNC Investment during the 4th quarter valued at approximately $28,000. National Bank of Canada FI bought a new position in AGNC Investment during the 4th quarter valued at approximately $31,000. Lazard Asset Management LLC bought a new position in AGNC Investment during the 4th quarter valued at approximately $31,000. Finally, Johnson Financial Group Inc. raised its position in AGNC Investment by 126.0% during the 4th quarter. Johnson Financial Group Inc. now owns 2,780 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 1,550 shares during the last quarter. 48.34% of the stock is owned by institutional investors and hedge funds.

About AGNC Investment (Get Rating)

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).

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