Wells Fargo & Company Issues Pessimistic Forecast for AGNC Investment (NASDAQ:AGNC) Stock Price

AGNC Investment (NASDAQ:AGNC - Free Report) had its price target decreased by Wells Fargo & Company from $11.00 to $10.00 in a report published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust's stock.

A number of other equities analysts have also recently issued reports on AGNC. Jones Trading cut their price target on AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a report on Tuesday. Argus upgraded shares of AGNC Investment to a "hold" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price target on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. StockNews.com raised shares of AGNC Investment from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, AGNC Investment has a consensus rating of "Moderate Buy" and a consensus target price of $10.11.

AGNC Investment Price Performance

Shares of AGNC stock traded up $0.13 during trading hours on Tuesday, reaching $8.74. The company's stock had a trading volume of 16,634,510 shares, compared to its average volume of 18,939,741. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 9.01 and a beta of 1.32. AGNC Investment has a fifty-two week low of $7.85 and a fifty-two week 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. The firm's 50 day simple moving average is $9.63 and its 200-day simple moving average is $9.69.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The business had revenue of $846.00 million during the quarter, compared to the consensus estimate of $436.71 million. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. During the same period in the prior year, the business posted $0.58 earnings per share. Sell-side analysts forecast that AGNC Investment will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a apr 25 dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 30th will be paid a $0.12 dividend. This represents a yield of 17.7%. The ex-dividend date of this dividend is Wednesday, April 30th. AGNC Investment's dividend payout ratio is currently 148.45%.

Insider Transactions at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the business'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 sale, the director now owns 75,919 shares of the company's stock, valued at $766,781.90. The trade was a 6.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the transaction, the chief financial officer now owns 372,226 shares of the company's stock, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

Hedge Funds Weigh In On AGNC Investment

Several institutional investors have recently modified their holdings of AGNC. Fourth Dimension Wealth LLC purchased a new position in shares of AGNC Investment during the fourth quarter worth approximately $26,000. Financial Life Planners bought a new stake in AGNC Investment in the fourth quarter valued at approximately $28,000. National Bank of Canada FI grew its holdings in shares of AGNC Investment by 112.7% in the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 1,832 shares during the last quarter. Spire Wealth Management increased its stake in shares of AGNC Investment by 94.5% in the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust's stock worth $37,000 after buying an additional 1,972 shares during the period. Finally, CoreCap Advisors LLC boosted its position in AGNC Investment by 34.8% during the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 1,229 shares during the period. 38.28% of the stock is currently owned by institutional investors.

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).