AGNC Investment (NASDAQ:AGNC) Rating Reiterated by JMP Securities

AGNC Investment (NASDAQ:AGNC)‘s stock had its “market perform” rating reissued by equities research analysts at JMP Securities in a note issued to investors on Thursday, Benzinga reports.

A number of other analysts also recently issued reports on the company. Barclays raised their price target on AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, January 22nd. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Compass Point initiated coverage on AGNC Investment in a research note on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price on the stock. Jonestrading started coverage on AGNC Investment in a research note on Friday, March 22nd. They set a “buy” rating and a $10.75 price target for the company. Finally, Royal Bank of Canada dropped their price objective on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and an average target price of $9.93.

AGNC Investment Stock Up 1.0 %

NASDAQ AGNC opened at $9.15 on Thursday. The company has a market capitalization of $6.36 billion, a P/E ratio of 915.92 and a beta of 1.45. The stock has a 50 day moving average price of $9.56 and a 200-day moving average price of $9.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. AGNC Investment has a one year low of $6.81 and a one year high of $10.64.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. AGNC Investment had a net margin of 7.59% and a return on equity of 28.02%. The firm had revenue of $640.00 million during the quarter, compared to the consensus estimate of $570.42 million. During the same quarter last year, the firm earned $0.74 EPS. As a group, equities analysts predict that AGNC Investment will post 2.16 EPS for the current fiscal year.

Insider Activity

In other news, CFO Bernice Bell sold 10,000 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $9.85, for a total transaction of $98,500.00. Following the transaction, the chief financial officer now directly owns 287,282 shares of the company’s stock, valued at $2,829,727.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Hedge funds have recently modified their holdings of the stock. Coppell Advisory Solutions Corp. acquired a new stake in AGNC Investment in the 4th quarter worth approximately $27,000. Coppell Advisory Solutions LLC purchased a new position in shares of AGNC Investment in the second quarter worth $29,000. Worth Asset Management LLC acquired a new stake in shares of AGNC Investment during the first quarter worth $35,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of AGNC Investment during the fourth quarter valued at $30,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of AGNC Investment by 128.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,580 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,015 shares during the period. Institutional investors and hedge funds 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).