AGNC Investment (NASDAQ:AGNC) Receives Outperform Rating from Royal Bank of Canada

AGNC Investment (NASDAQ:AGNC - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock analysts at Royal Bank of Canada in a report released on Thursday,Benzinga reports. They currently have a $11.00 target price on the real estate investment trust's stock. Royal Bank of Canada's target price suggests a potential upside of 10.06% from the company's previous close.

AGNC has been the topic of several other reports. StockNews.com lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Saturday, October 19th. Keefe, Bruyette & Woods decreased their price target on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a report on Wednesday. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $10.64.

AGNC Investment Trading Up 1.7 %

Shares of NASDAQ AGNC traded up $0.17 during midday trading on Thursday, reaching $10.00. 13,232,015 shares of the stock were exchanged, compared to its average volume of 18,385,369. AGNC Investment has a twelve month low of $8.92 and a twelve month high of $10.85. 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 stock has a market capitalization of $8.85 billion, a P/E ratio of 6.94 and a beta of 1.47. The company has a 50 day simple moving average of $9.52 and a 200 day simple moving average of $9.89.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. As a group, equities analysts expect that AGNC Investment will post 1.95 earnings per share for the current year.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of AGNC. Blue Trust Inc. lifted its position in AGNC Investment by 304.6% during the 4th quarter. Blue Trust Inc. now owns 15,800 shares of the real estate investment trust's stock valued at $146,000 after purchasing an additional 11,895 shares during the period. Allspring Global Investments Holdings LLC grew its stake in AGNC Investment by 5.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust's stock valued at $80,392,000 after acquiring an additional 424,990 shares during the period. Summit Trail Advisors LLC increased its stake in AGNC Investment by 42.6% during the 4th quarter. Summit Trail Advisors LLC now owns 14,456 shares of the real estate investment trust's stock worth $135,000 after purchasing an additional 4,315 shares in the last quarter. Aubrey Capital Management Ltd increased its position in shares of AGNC Investment by 30.2% during the fourth quarter. Aubrey Capital Management Ltd now owns 73,500 shares of the real estate investment trust's stock worth $677,000 after acquiring an additional 17,032 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in shares of AGNC Investment by 7.8% in the 4th quarter. Stephens Inc. AR now owns 41,009 shares of the real estate investment trust's stock valued at $378,000 after purchasing an additional 2,954 shares during the period. 38.28% of the stock is 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).

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