Keefe, Bruyette & Woods Boosts AGNC Investment (NASDAQ:AGNC) Price Target to $10.00

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

AGNC has been the topic of several other reports. Jonestrading reduced their target price on AGNC Investment from $10.75 to $10.25 and set a buy rating on the stock in a report on Tuesday, April 23rd. JMP Securities reaffirmed a market perform rating on shares of AGNC Investment in a report on Thursday, April 18th. Janney Montgomery Scott initiated coverage on AGNC Investment in a research report on Thursday, June 6th. They set a buy rating and a $10.50 target price for the company. Finally, StockNews.com upgraded shares of 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 five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $9.94.

AGNC Investment Trading Up 3.0 %

Shares of AGNC opened at $10.45 on Wednesday. The firm has a market cap of $7.60 billion, a P/E ratio of 11.48 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. AGNC Investment has a 1 year low of $6.81 and a 1 year high of $10.64. The company has a 50 day simple moving average of $9.72 and a two-hundred day simple moving average of $9.64.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. During the same period last year, the company posted $0.70 earnings per share. On average, equities analysts expect that AGNC Investment will post 2.14 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently disclosed a jul 24 dividend, which will be paid on Friday, August 9th. Investors of record on Wednesday, July 31st will be given a $0.12 dividend. This represents a yield of 13.8%. The ex-dividend date is Wednesday, July 31st. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Insiders Place Their Bets

In other news, CFO Bernice Bell sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the transaction, the chief financial officer now owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Bernice Bell sold 3,500 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of the sale, the chief financial officer now directly owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the completion of the transaction, the director now owns 75,545 shares in the company, valued at $706,345.75. The disclosure for this sale can be found here. Insiders sold a total of 15,900 shares of company stock valued at $149,030 over the last 90 days. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Fermata Advisors LLC lifted its holdings in shares of AGNC Investment by 76.1% in the 2nd quarter. Fermata Advisors LLC now owns 40,883 shares of the real estate investment trust’s stock worth $390,000 after buying an additional 17,670 shares during the period. Howard Financial Services LTD. raised its holdings in shares of AGNC Investment by 9.2% in the second quarter. Howard Financial Services LTD. now owns 57,314 shares of the real estate investment trust’s stock valued at $547,000 after acquiring an additional 4,840 shares in the last quarter. SG Americas Securities LLC purchased a new stake in AGNC Investment in the second quarter worth about $979,000. Annex Advisory Services LLC bought a new position in AGNC Investment during the 2nd quarter worth about $201,000. Finally, LifePro Asset Management increased its position in AGNC Investment by 24.5% during the 2nd quarter. LifePro Asset Management now owns 378,016 shares of the real estate investment trust’s stock valued at $3,606,000 after purchasing an additional 74,473 shares during the period. 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).