Keefe, Bruyette & Woods Downgrades AGNC Investment (NASDAQ:AGNC) to Hold

AGNC Investment (NASDAQ:AGNC) was downgraded by stock analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

AGNC has been the topic of several other reports. Wall Street Zen lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Piper Sandler boosted their price target on AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Royal Bank Of Canada raised their price objective on AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company upped their target price on shares of AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, BTIG Research cut shares of AGNC Investment from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.03.

AGNC Investment Stock Down 0.4%

AGNC opened at $11.97 on Wednesday. The firm has a market cap of $12.84 billion, a P/E ratio of 8.55 and a beta of 1.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.31. The business has a 50 day moving average price of $10.96 and a 200 day moving average price of $10.25. AGNC Investment has a twelve month low of $7.85 and a twelve month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). AGNC Investment had a net margin of 47.40% and a return on equity of 19.13%. The firm had revenue of $995.00 million during the quarter, compared to the consensus estimate of $354.75 million. Research analysts forecast that AGNC Investment will post 1.61 EPS for the current year.

Institutional Trading of AGNC Investment

Several hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of AGNC Investment by 51.9% in the first quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust’s stock valued at $614,000 after acquiring an additional 21,897 shares during the last quarter. NewEdge Advisors LLC raised its position in AGNC Investment by 38.4% in the 1st quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 6,923 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in AGNC Investment by 16.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust’s stock worth $26,937,000 after purchasing an additional 387,524 shares in the last quarter. Signaturefd LLC grew its holdings in shares of AGNC Investment by 49.9% during the second quarter. Signaturefd LLC now owns 12,418 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 4,135 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of AGNC Investment by 14.4% in the second quarter. Janney Montgomery Scott LLC now owns 285,018 shares of the real estate investment trust’s stock valued at $2,619,000 after buying an additional 35,891 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.