AGNC Investment (NASDAQ:AGNC) Price Target Raised to $11.00 at Compass Point

AGNC Investment (NASDAQ:AGNC) had its price target hoisted by equities researchers at Compass Point from $10.25 to $11.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Compass Point’s target price would indicate a potential upside of 11.45% from the company’s current price.

AGNC has been the topic of several other reports. Jonestrading decreased their price objective on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Maxim Group downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on AGNC Investment from $9.50 to $10.00 and gave the stock 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 research report on Thursday, April 18th. Finally, Janney Montgomery Scott started coverage on AGNC Investment in a report on Thursday, June 6th. They set a “buy” rating and a $10.50 price target for the company. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

AGNC Investment Stock Performance

Shares of AGNC Investment stock opened at $9.87 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 10.85 and a beta of 1.48. The firm’s fifty day simple moving average is $9.82 and its 200-day simple moving average is $9.67. AGNC Investment has a 12 month low of $6.81 and a 12 month high of $10.64.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm 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 26.78%. The business’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 earnings per share. As a group, equities analysts forecast that AGNC Investment will post 2.14 earnings per share for the current year.

Insider Transactions at AGNC Investment

In related news, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total transaction of $50,760.00. Following the sale, the director now owns 111,827 shares in the company, valued at approximately $1,051,173.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the transaction, the director now directly owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $32,620.00. Following the transaction, the chief financial officer now directly owns 309,973 shares in the company, valued at $2,888,948.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,900 shares of company stock valued at $102,280. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently made changes to their positions in AGNC. KG&L Capital Management LLC grew its stake in shares of AGNC Investment by 2.7% during the second quarter. KG&L Capital Management LLC now owns 66,260 shares of the real estate investment trust’s stock valued at $632,000 after buying an additional 1,740 shares during the last quarter. Essex LLC bought a new stake in AGNC Investment during the 2nd quarter valued at approximately $97,000. Atria Wealth Solutions Inc. boosted its position in AGNC Investment by 15.6% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 419,634 shares of the real estate investment trust’s stock valued at $4,037,000 after acquiring an additional 56,675 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in AGNC Investment by 6.2% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 44,268 shares of the real estate investment trust’s stock valued at $422,000 after acquiring an additional 2,588 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of AGNC Investment by 6.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 4,807,050 shares of the real estate investment trust’s stock valued at $45,860,000 after purchasing an additional 290,720 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

About AGNC Investment

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).