Barclays Increases AGNC Investment (NASDAQ:AGNC) Price Target to $18.00

AGNC Investment (NASDAQ:AGNC) had its price objective hoisted by equities researchers at Barclays from $17.00 to $18.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price objective would indicate a potential upside of 0.06% from the stock’s previous close.

AGNC has been the subject of a number of other research reports. TheStreet upgraded AGNC Investment from a “d” rating to a “c-” rating in a report on Thursday, March 18th. JMP Securities boosted their price objective on AGNC Investment from $15.50 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, January 22nd. Finally, Zacks Investment Research upgraded AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Friday. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $16.33.

Shares of AGNC stock opened at $17.99 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.18 and a current ratio of 0.18. The firm’s 50-day moving average is $17.12 and its 200-day moving average is $15.87. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of -35.27 and a beta of 0.96. AGNC Investment has a 52-week low of $11.41 and a 52-week high of $18.10.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Sunday, April 25th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.13. The company had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $283.22 million. AGNC Investment had a negative net margin of 17.91% and a positive return on equity of 16.29%. AGNC Investment’s quarterly revenue was up 712.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. Sell-side analysts predict that AGNC Investment will post 2.6 EPS for the current fiscal year.

In related news, SVP Aaron Pas sold 5,138 shares of the company’s stock in a transaction that occurred on Thursday, March 18th. The stock was sold at an average price of $16.55, for a total value of $85,033.90. Following the sale, the senior vice president now owns 143,608 shares in the company, valued at approximately $2,376,712.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Morris A. Davis sold 7,475 shares of the stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $17.90, for a total value of $133,802.50. Following the transaction, the director now directly owns 33,850 shares in the company, valued at $605,915. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. TCW Group Inc. increased its stake in AGNC Investment by 711.2% in the 4th quarter. TCW Group Inc. now owns 909,641 shares of the real estate investment trust’s stock worth $14,190,000 after buying an additional 797,500 shares in the last quarter. BLB&B Advisors LLC purchased a new stake in AGNC Investment in the 4th quarter worth $185,000. Van ECK Associates Corp increased its stake in AGNC Investment by 1.6% in the 4th quarter. Van ECK Associates Corp now owns 1,543,542 shares of the real estate investment trust’s stock worth $24,079,000 after buying an additional 23,674 shares in the last quarter. IFM Investors Pty Ltd increased its stake in AGNC Investment by 30.7% in the 4th quarter. IFM Investors Pty Ltd now owns 57,973 shares of the real estate investment trust’s stock worth $904,000 after buying an additional 13,606 shares in the last quarter. Finally, Interval Partners LP increased its stake in AGNC Investment by 86.8% in the 4th quarter. Interval Partners LP now owns 264,535 shares of the real estate investment trust’s stock worth $4,127,000 after buying an additional 122,955 shares in the last quarter. Institutional investors and hedge funds own 55.44% 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).

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