JPMorgan Chase & Co. Has Lowered Expectations for AGNC Investment (NASDAQ:AGNC) Stock Price

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

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

AGNC Investment Trading Down 0.3 %

Shares of AGNC traded down $0.03 during trading on Monday, reaching $9.68. 15,760,255 shares of the company traded hands, compared to its average volume of 14,103,864. The stock has a 50-day simple moving average of $9.85 and a 200-day simple moving average of $9.96. The stock has a market cap of $8.57 billion, a PE ratio of 6.72 and a beta of 1.47. AGNC Investment has a twelve month low of $8.87 and a twelve month high of $10.85. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

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

AGNC Investment Dividend Announcement

The company also recently disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. This represents a dividend yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment's payout ratio is 100.00%.

Institutional Trading of AGNC Investment

A number of large investors have recently made changes to their positions in AGNC. Franklin Resources Inc. increased its position in AGNC Investment by 35.8% in the 3rd quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust's stock valued at $6,060,000 after acquiring an additional 154,029 shares during the period. Peapack Gladstone Financial Corp acquired a new position in shares of AGNC Investment in the third quarter valued at approximately $142,000. Tidal Investments LLC raised its stake in shares of AGNC Investment by 3.3% during the third quarter. Tidal Investments LLC now owns 96,081 shares of the real estate investment trust's stock worth $1,005,000 after purchasing an additional 3,075 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of AGNC Investment by 2.0% during the third quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust's stock worth $128,730,000 after purchasing an additional 242,640 shares during the period. Finally, Barclays PLC grew its position in AGNC Investment by 4.8% in the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust's stock valued at $16,242,000 after buying an additional 71,330 shares during the last quarter. 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).