AGNC Investment (NASDAQ:AGNC) Stock Rating Upgraded by StockNews.com

AGNC Investment (NASDAQ:AGNC) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

A number of other research analysts also recently issued reports on the company. Compass Point boosted their price objective on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada raised their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. boosted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Finally, Janney Montgomery Scott started coverage on AGNC Investment in a research note on Thursday, June 6th. They issued a “buy” rating and a $10.50 target price for the company. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.13.

AGNC Investment Trading Up 0.9 %

Shares of AGNC Investment stock traded up $0.10 on Wednesday, hitting $10.66. The stock had a trading volume of 17,184,464 shares, compared to its average volume of 12,645,960. The stock has a 50 day moving average of $10.17 and a 200 day moving average of $9.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. AGNC Investment has a twelve month low of $6.81 and a twelve month high of $10.73. The firm has a market capitalization of $7.75 billion, a P/E ratio of 11.71 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The business’s revenue for the quarter was up 52.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share. Sell-side analysts expect that AGNC Investment will post 2.11 earnings per share for the current fiscal year.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the sale, the chief financial officer now directly owns 298,182 shares in the company, valued at $3,002,692.74. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AGNC Investment

A number of large investors have recently made changes to their positions in AGNC. Ashton Thomas Private Wealth LLC purchased a new position in AGNC Investment during the second quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. grew its position in shares of AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares in the last quarter. LRI Investments LLC bought a new position in shares of AGNC Investment in the first quarter worth $38,000. Quarry LP raised its position in shares of AGNC Investment by 75.6% in the second quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 2,275 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of AGNC Investment in the first quarter worth $53,000. 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).