AGNC Investment (NASDAQ:AGNC) Stock Rating Upgraded by StockNews.com

AGNC Investment (NASDAQ:AGNC) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other research firms have also recently issued reports on AGNC. JPMorgan Chase & Co. boosted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Janney Montgomery Scott assumed coverage on AGNC Investment in a report on Thursday, June 6th. They set a “buy” rating and a $10.50 price objective for the company. Jonestrading decreased their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Five equities research 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 has an average rating of “Moderate Buy” and a consensus target price of $10.00.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $10.04 on Wednesday. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 11.03 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a 50 day moving average price of $9.92 and a 200-day moving average price of $9.68. AGNC Investment has a one year low of $6.81 and a one year high of $10.57.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.78%. The business had revenue of $695.00 million for the quarter, compared to analysts’ expectations of $643.29 million. During the same quarter in the previous year, the firm earned $0.67 EPS. AGNC Investment’s revenue was up 52.1% compared to the same quarter last year. Equities analysts expect that AGNC Investment will post 2.11 EPS for the current year.

Insider Buying and Selling at AGNC Investment

In other news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the sale, the chief financial officer now owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Scientech Research LLC boosted its position in AGNC Investment by 66.2% during the 2nd quarter. Scientech Research LLC now owns 68,931 shares of the real estate investment trust’s stock worth $658,000 after purchasing an additional 27,464 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of AGNC Investment by 11.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 183,911 shares of the real estate investment trust’s stock valued at $1,755,000 after purchasing an additional 18,864 shares in the last quarter. AQR Capital Management LLC acquired a new stake in AGNC Investment during the second quarter worth about $163,000. Cubist Systematic Strategies LLC raised its stake in AGNC Investment by 23.5% during the second quarter. Cubist Systematic Strategies LLC now owns 195,969 shares of the real estate investment trust’s stock worth $1,870,000 after acquiring an additional 37,272 shares during the period. Finally, Insigneo Advisory Services LLC acquired a new stake in AGNC Investment during the second quarter worth about $131,000. 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).