AGNC Investment (NASDAQ:AGNC) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.
Several other equities analysts have also weighed in on AGNC. JPMorgan Chase & Co. raised their price objective on shares of AGNC Investment from $18.00 to $18.50 and gave the company a “$19.11” rating in a research report on Monday, July 23rd. Maxim Group raised their target price on shares of AGNC Investment from $19.25 to $19.75 and gave the stock a “buy” rating in a report on Friday, July 27th. Zacks Investment Research upgraded shares of AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Monday, September 24th. Finally, Barclays reiterated a “hold” rating and issued a $19.00 target price on shares of AGNC Investment in a report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.46.
NASDAQ:AGNC opened at $17.76 on Thursday. AGNC Investment has a twelve month low of $17.71 and a twelve month high of $21.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $8.90 billion and a PE ratio of 7.22.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. AGNC Investment had a net margin of 134.01% and a return on equity of 11.69%. The company had revenue of $177.00 million during the quarter, compared to analyst estimates of $274.15 million. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. Equities research analysts expect that AGNC Investment will post 2.44 earnings per share for the current year.
In other AGNC Investment news, Director Morris A. Davis sold 6,797 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total value of $129,958.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in AGNC. Franklin Resources Inc. boosted its holdings in shares of AGNC Investment by 16.8% in the first quarter. Franklin Resources Inc. now owns 65,209 shares of the real estate investment trust’s stock worth $1,233,000 after buying an additional 9,397 shares during the period. Sei Investments Co. boosted its holdings in shares of AGNC Investment by 11.9% during the first quarter. Sei Investments Co. now owns 202,261 shares of the real estate investment trust’s stock worth $3,827,000 after purchasing an additional 21,447 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of AGNC Investment during the first quarter worth approximately $195,000. Commonwealth Equity Services LLC boosted its holdings in shares of AGNC Investment by 4.2% during the first quarter. Commonwealth Equity Services LLC now owns 122,702 shares of the real estate investment trust’s stock worth $2,321,000 after purchasing an additional 4,954 shares during the period. Finally, Ostrum Asset Management acquired a new stake in shares of AGNC Investment during the first quarter worth approximately $537,000. Institutional investors own 57.71% of the company’s stock.
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).
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