AGNC Investment (NASDAQ:AGNC) Given New $10.00 Price Target at Wells Fargo & Company

AGNC Investment (NASDAQ:AGNC) had its price target decreased by Wells Fargo & Company from $11.00 to $10.00 in a research report released on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

AGNC has been the topic of several other research reports. Royal Bank of Canada restated an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price target on AGNC Investment from $9.50 to $8.50 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Jones Trading cut their target price on AGNC Investment from $10.25 to $9.50 and set a “buy” rating on the stock in a research report on Tuesday. Finally, StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.13.

AGNC Investment Trading Up 3.6 %

NASDAQ:AGNC opened at $8.45 on Tuesday. The business has a fifty day moving average price of $9.66 and a 200-day moving average price of $9.69. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 8.71 and a beta of 1.32. 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 one year low of $7.85 and a one year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. The company had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $436.71 million. During the same period in the previous year, the firm earned $0.58 EPS. Sell-side analysts forecast that AGNC Investment will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently announced a apr 25 dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.12 per share. This represents a yield of 17.7%. The ex-dividend date is Wednesday, April 30th. AGNC Investment’s dividend payout ratio is presently 148.45%.

Insiders Place Their Bets

In related news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the transaction, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Bernice Bell sold 13,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the transaction, the chief financial officer now owns 372,226 shares of the company’s stock, valued at $3,737,149.04. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Institutional Trading of AGNC Investment

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its stake in shares of AGNC Investment by 4.8% in the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust’s stock valued at $16,242,000 after acquiring an additional 71,330 shares during the period. Tidal Investments LLC lifted its stake in AGNC Investment by 3.3% during the third quarter. Tidal Investments LLC now owns 96,081 shares of the real estate investment trust’s stock worth $1,005,000 after purchasing an additional 3,075 shares in the last quarter. Peapack Gladstone Financial Corp purchased a new position in shares of AGNC Investment during the third quarter worth $142,000. Franklin Resources Inc. grew its stake in shares of AGNC Investment by 35.8% in the third quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust’s stock valued at $6,060,000 after buying an additional 154,029 shares in the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in shares of AGNC Investment in the 4th quarter valued at $386,000. 38.28% of the stock is currently owned by hedge funds and other 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).