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

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

A number of other equities analysts have also recently commented on AGNC. Compass Point initiated coverage on shares of AGNC Investment in a report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 target price on the stock. Royal Bank of Canada dropped their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Jonestrading began coverage on shares of AGNC Investment in a research note on Friday, March 22nd. They set a “buy” rating and a $10.75 target price for the company. Barclays boosted their price target on AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, January 22nd. Finally, StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and an average price target of $9.93.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $9.15 on Thursday. AGNC Investment has a 1 year low of $6.81 and a 1 year high of $10.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 915.92 and a beta of 1.45. The stock’s 50-day moving average is $9.56 and its two-hundred day moving average is $9.25.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. The firm had revenue of $640.00 million for the quarter, compared to the consensus estimate of $570.42 million. During the same quarter last year, the business posted $0.74 EPS. Analysts predict that AGNC Investment will post 2.16 earnings per share for the current year.

Insider Buying and Selling at AGNC Investment

In other news, CFO Bernice Bell sold 10,000 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $9.85, for a total transaction of $98,500.00. Following the completion of the transaction, the chief financial officer now directly owns 287,282 shares of the company’s stock, valued at approximately $2,829,727.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kovack Advisors Inc. lifted its stake in shares of AGNC Investment by 5.5% in the first quarter. Kovack Advisors Inc. now owns 220,782 shares of the real estate investment trust’s stock valued at $2,186,000 after purchasing an additional 11,588 shares during the period. Norden Group LLC grew its position in AGNC Investment by 985.9% during the first quarter. Norden Group LLC now owns 185,562 shares of the real estate investment trust’s stock worth $1,837,000 after buying an additional 168,473 shares during the period. SeaCrest Wealth Management LLC increased its holdings in AGNC Investment by 21.8% in the first quarter. SeaCrest Wealth Management LLC now owns 41,680 shares of the real estate investment trust’s stock valued at $413,000 after buying an additional 7,460 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of AGNC Investment by 4.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,015,707 shares of the real estate investment trust’s stock valued at $79,355,000 after acquiring an additional 332,709 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of AGNC Investment by 14.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 4,516,330 shares of the real estate investment trust’s stock valued at $44,711,000 after acquiring an additional 582,360 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

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).