AGNC Investment (NASDAQ:AGNC) PT Lowered to $9.50

AGNC Investment (NASDAQ:AGNC) had its target price lowered by Keefe, Bruyette & Woods from $10.00 to $9.50 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Several other research analysts also recently commented on AGNC. Royal Bank of Canada cut their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an outperform rating for the company in a report on Thursday, January 25th. Jonestrading cut their price objective on shares of AGNC Investment from $10.75 to $10.25 and set a buy rating for the company in a report on Tuesday. JMP Securities reaffirmed a market perform rating on shares of AGNC Investment in a report on Thursday, April 18th. Compass Point assumed coverage on shares of AGNC Investment in a report on Tuesday, February 20th. They issued a buy rating and a $10.25 price objective for the company. Finally, StockNews.com raised shares of AGNC Investment from a sell rating to a hold rating in a report on Tuesday, March 12th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $9.79.

AGNC Investment Stock Down 0.1 %

AGNC Investment stock opened at $9.36 on Wednesday. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.64. The firm has a 50 day moving average price of $9.55 and a 200-day moving average price of $9.26. The company has a market capitalization of $6.51 billion, a P/E ratio of 10.29 and a beta of 1.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same period in the prior year, the firm earned $0.70 EPS. As a group, equities analysts predict that AGNC Investment will post 2.16 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be issued a $0.12 dividend. This represents a yield of 15.4%. The ex-dividend date of this dividend is Monday, April 29th. AGNC Investment’s payout ratio is 158.24%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 10,000 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $9.85, for a total value 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 legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.43% of the company’s stock.

Institutional Trading of AGNC Investment

A number of hedge funds have recently made changes to their positions in the stock. Portside Wealth Group LLC lifted its holdings in shares of AGNC Investment by 8.8% during the 4th quarter. Portside Wealth Group LLC now owns 14,124 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 1,147 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of AGNC Investment by 12.3% during the 1st quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 1,238 shares during the last quarter. Waterfront Wealth Inc. lifted its holdings in shares of AGNC Investment by 2.5% during the 4th quarter. Waterfront Wealth Inc. now owns 52,215 shares of the real estate investment trust’s stock worth $512,000 after acquiring an additional 1,251 shares during the last quarter. Consolidated Portfolio Review Corp lifted its holdings in shares of AGNC Investment by 2.3% during the 4th quarter. Consolidated Portfolio Review Corp now owns 59,930 shares of the real estate investment trust’s stock worth $588,000 after acquiring an additional 1,341 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its holdings in shares of AGNC Investment by 4.1% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 35,286 shares of the real estate investment trust’s stock worth $351,000 after acquiring an additional 1,379 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

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).