AGNC Investment (NASDAQ:AGNC) Price Target Lowered to $9.50 at Keefe, Bruyette & Woods

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

Several other brokerages have also recently weighed in on AGNC. JMP Securities restated a market perform rating on shares of AGNC Investment in a report on Thursday, April 18th. StockNews.com upgraded shares of AGNC Investment from a sell rating to a hold rating in a research note on Tuesday, March 12th. Barclays raised their target price on shares of AGNC Investment from $8.00 to $9.00 and gave the company an equal weight rating in a research note on Monday, January 22nd. Compass Point initiated coverage on shares of AGNC Investment in a research note on Tuesday, February 20th. They issued a buy rating and a $10.25 target price for the company. Finally, Royal Bank of Canada cut their target price on shares of AGNC Investment from $11.00 to $10.00 and set an outperform rating for the company in a research note on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $9.79.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $9.36 on Wednesday. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 10.29 and a beta of 1.45. The business has a 50-day moving average of $9.55 and a 200-day moving average of $9.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26. AGNC Investment has a fifty-two week low of $6.81 and a fifty-two week high of $10.64.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data 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 return on equity of 27.92% and a net margin of 32.12%. During the same quarter last year, the company earned $0.70 EPS. As a group, sell-side analysts predict that AGNC Investment will post 2.16 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, April 29th. This represents a yield of 15.4%. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $9.85, for a total transaction of $98,500.00. Following the completion of the sale, the chief financial officer now directly owns 287,282 shares in the company, valued at $2,829,727.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Hedge funds and other institutional investors have recently made changes to their positions in the business. MeadowBrook Investment Advisors LLC acquired a new stake in shares of AGNC Investment in the fourth quarter valued at approximately $30,000. Bruce G. Allen Investments LLC acquired a new stake in shares of AGNC Investment in the fourth quarter valued at approximately $37,000. Verity & Verity LLC acquired a new stake in shares of AGNC Investment in the first quarter valued at approximately $45,000. CENTRAL TRUST Co acquired a new stake in shares of AGNC Investment in the fourth quarter valued at approximately $46,000. Finally, Allworth Financial LP raised its position in shares of AGNC Investment by 76.5% in the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,096 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).