AGNC Investment (NASDAQ:AGNC) Price Target Cut to $11.00 by Analysts at Wells Fargo & Company

AGNC Investment (NASDAQ:AGNC) had its price objective lowered by Wells Fargo & Company from $12.00 to $11.00 in a research note released on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

Several other analysts also recently weighed in on the company. Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday. Compass Point cut AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price on the stock. in a research report on Friday, July 17th. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research note on Wednesday, June 24th. Wall Street Zen raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $12.00 target price on shares of AGNC Investment in a report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.11.

AGNC Investment Price Performance

Shares of AGNC opened at $10.56 on Thursday. AGNC Investment has a one year low of $9.31 and a one year high of $12.19. The company has a market cap of $12.12 billion, a P/E ratio of 5.56 and a beta of 1.31. The firm has a 50 day simple moving average of $10.60 and a two-hundred day simple moving average of $10.82.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a return on equity of 18.20% and a net margin of 57.94%.During the same quarter last year, the business posted ($0.17) EPS. On average, analysts expect that AGNC Investment will post 1.58 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 13.6%. AGNC Investment’s dividend payout ratio is presently 75.79%.

Insider Activity

In other news, CEO Peter J. Federico sold 64,412 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total transaction of $713,684.96. Following the completion of the transaction, the chief executive officer directly owned 1,927,083 shares in the company, valued at $21,352,079.64. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the completion of the transaction, the director directly owned 96,471 shares in the company, valued at approximately $1,039,957.38. This represents a 18.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 150,823 shares of company stock valued at $1,661,298. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AGNC. Handelsbanken Fonder AB boosted its stake in shares of AGNC Investment by 0.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock valued at $3,851,000 after purchasing an additional 900 shares during the last quarter. Spinnaker Investment Group LLC raised its stake in AGNC Investment by 1.4% during the second quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock worth $824,000 after buying an additional 1,014 shares during the last quarter. Key Client Fiduciary Advisors LLC raised its stake in AGNC Investment by 17.2% during the second quarter. Key Client Fiduciary Advisors LLC now owns 41,853 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 6,143 shares during the last quarter. Steadtrust LLC lifted its holdings in AGNC Investment by 6.8% in the second quarter. Steadtrust LLC now owns 94,592 shares of the real estate investment trust’s stock valued at $1,031,000 after buying an additional 6,000 shares during the period. Finally, Focus Financial Network Inc. acquired a new position in AGNC Investment in the second quarter valued at $139,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

Key Stories Impacting AGNC Investment

Here are the key news stories impacting AGNC Investment this week:

• Positive Sentiment: AGNC reported quarterly earnings that beat estimates and management said Agency MBS supply-demand trends are improving, with stronger book value and more higher-coupon investment opportunities despite rate volatility. AGNC Investment Q2 Earnings Call Highlights Agency MBS Outlook
• Positive Sentiment: The company marked its 75th straight monthly dividend, reinforcing AGNC’s appeal as a high-yield income stock for investors focused on steady payouts. AGNC Investment Just Notched Its 75th Straight Monthly Dividend and Currently Yields 13%+. Here’s What Q2 Earnings Revealed.
• Positive Sentiment: Wells Fargo kept an overweight rating on AGNC even though it cut its price target to $11, suggesting the stock may still have upside from current levels. Benzinga analyst note
• Neutral Sentiment: Several dividend-focused articles highlighted AGNC as a monthly payer, but these were mostly list-style mentions and did not include new company-specific developments. The Super-High-Yield Retirement Stocks That Turn a Nest Egg Into a Monthly Paycheck
• Neutral Sentiment: AGNC was also included in dividend-calendar and retirement-income roundups, which may support investor interest but are unlikely to move the stock on their own. With a 13% Yield but an Uncertain Interest Rate Environment, Is AGNC Stock a Buy?
• Negative Sentiment: Analysts at Wells Fargo and KBW both lowered their price targets to $11 from $12, reflecting more caution around the stock’s near-term valuation and the mortgage REIT environment. Benzinga analyst notes
• Negative Sentiment: The main headwind remains the uncertain interest-rate environment, which can pressure mortgage REIT earnings, book value, and investor sentiment. With a 13% Yield but an Uncertain Interest Rate Environment, Is AGNC Stock a Buy?

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.