A number of other brokerages also recently commented on AGNC. ValuEngine downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Friday, August 16th. UBS Group assumed coverage on shares of AGNC Investment in a report on Friday, June 21st. They issued a “neutral” rating and a $16.50 target price for the company. Maxim Group reiterated a “buy” rating and issued a $18.00 target price on shares of AGNC Investment in a report on Friday, July 26th. JPMorgan Chase & Co. reduced their target price on shares of AGNC Investment from $18.00 to $17.50 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Finally, TheStreet downgraded shares of AGNC Investment from a “c” rating to a “d+” rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $18.17.
AGNC stock opened at $15.90 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.13 and a quick ratio of 0.13. The business has a 50-day moving average price of $17.01 and a 200 day moving average price of $17.40. The company has a market capitalization of $8.88 billion, a P/E ratio of 6.77, a PEG ratio of 2.69 and a beta of 0.23. AGNC Investment has a 1-year low of $15.82 and a 1-year high of $19.37.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The firm had revenue of $123.00 million during the quarter, compared to the consensus estimate of $289.69 million. AGNC Investment had a negative net margin of 62.31% and a positive return on equity of 11.47%. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, analysts anticipate that AGNC Investment will post 2.01 earnings per share for the current fiscal year.
In related news, CEO Gary D. Kain acquired 97,802 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average price of $17.73 per share, for a total transaction of $1,734,029.46. Following the completion of the acquisition, the chief executive officer now directly owns 1,300 shares in the company, valued at approximately $23,049. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.30% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. State Treasurer State of Michigan boosted its position in AGNC Investment by 2.0% in the first quarter. State Treasurer State of Michigan now owns 24,282,030 shares of the real estate investment trust’s stock valued at $437,077,000 after buying an additional 466,185 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in AGNC Investment by 13.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 197,394 shares of the real estate investment trust’s stock worth $3,320,000 after purchasing an additional 23,131 shares in the last quarter. TCW Group Inc. purchased a new stake in AGNC Investment in the 1st quarter worth approximately $680,000. Andra AP fonden purchased a new stake in AGNC Investment in the 1st quarter worth approximately $8,881,000. Finally, California State Teachers Retirement System boosted its position in AGNC Investment by 0.9% in the 1st quarter. California State Teachers Retirement System now owns 983,873 shares of the real estate investment trust’s stock worth $17,710,000 after purchasing an additional 8,361 shares in the last quarter. Hedge funds and other institutional investors own 66.29% 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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