JPMorgan Chase & Co. Cuts AGNC Investment (NASDAQ:AGNC) Price Target to $9.50

AGNC Investment (NASDAQ:AGNC) had its target price trimmed by JPMorgan Chase & Co. from $10.00 to $9.50 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

AGNC has been the topic of several other reports. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Finally, Royal Bank of Canada increased their target price on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and an average target price of $10.44.

AGNC Investment Stock Performance

Shares of AGNC Investment stock opened at $9.61 on Monday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment has a 12-month low of $8.87 and a 12-month high of $10.85. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 6.67 and a beta of 1.47. The company’s 50-day moving average price is $9.82 and its 200-day moving average price is $9.96.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The firm had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same period in the prior year, the company earned $0.65 EPS. On average, equities analysts expect that AGNC Investment will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a dec 24 dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be issued a $0.12 dividend. AGNC Investment’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Trading of AGNC Investment

A number of institutional investors and hedge funds have recently bought and sold shares of AGNC. Tidal Investments LLC bought a new stake in shares of AGNC Investment in the first quarter worth about $108,000. SG Americas Securities LLC purchased a new stake in shares of AGNC Investment during the 2nd quarter worth approximately $979,000. Dynamic Advisor Solutions LLC boosted its position in shares of AGNC Investment by 159.0% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 34,181 shares of the real estate investment trust’s stock valued at $326,000 after acquiring an additional 20,984 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of AGNC Investment by 39.2% in the second quarter. Wedmont Private Capital now owns 54,547 shares of the real estate investment trust’s stock valued at $570,000 after purchasing an additional 15,356 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in AGNC Investment by 6.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 55,714 shares of the real estate investment trust’s stock worth $532,000 after purchasing an additional 3,419 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

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).