AGNC Investment (NASDAQ:AGNC) Given New $9.50 Price Target at Jones Trading

AGNC Investment (NASDAQ:AGNC - Get Free Report) had its price target lowered by equities researchers at Jones Trading from $10.25 to $9.50 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. Jones Trading's price objective would indicate a potential upside of 9.13% from the stock's previous close.

Other analysts have also issued research reports about the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. StockNews.com upgraded AGNC Investment from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Wells Fargo & Company reduced their price target on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $10.11.

AGNC Investment Stock Performance

NASDAQ AGNC traded up $0.10 on Tuesday, hitting $8.71. 4,542,691 shares of the stock traded hands, compared to its average volume of 18,894,238. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The business's fifty day moving average is $9.63 and its two-hundred day moving average is $9.69. AGNC Investment has a 12 month low of $7.85 and a 12 month high of $10.85. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 8.98 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. The company had revenue of $846.00 million during the quarter, compared to the consensus estimate of $436.71 million. During the same quarter in the prior year, the company earned $0.58 EPS. As a group, equities analysts anticipate that AGNC Investment will post 1.61 EPS for the current fiscal year.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frances Spark sold 5,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the sale, the director now directly owns 75,919 shares of the company's stock, valued at $766,781.90. This trade represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in AGNC Investment by 14.1% during the 4th quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust's stock worth $767,348,000 after acquiring an additional 10,316,999 shares during the last quarter. Norges Bank bought a new position in shares of AGNC Investment in the fourth quarter worth approximately $87,269,000. PL Capital Advisors LLC increased its stake in shares of AGNC Investment by 821.0% in the fourth quarter. PL Capital Advisors LLC now owns 5,464,956 shares of the real estate investment trust's stock worth $50,332,000 after buying an additional 4,871,584 shares during the period. Raymond James Financial Inc. bought a new stake in AGNC Investment during the 4th quarter valued at $39,840,000. Finally, Vaughan Nelson Investment Management L.P. boosted its position in AGNC Investment by 18.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock valued at $162,828,000 after buying an additional 2,589,020 shares during the period. Hedge funds and other institutional investors own 38.28% of the company's stock.

About AGNC Investment

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).