AGNC Investment (NASDAQ:AGNC) Given New $11.00 Price Target at Keefe, Bruyette & Woods

AGNC Investment (NASDAQ:AGNC) had its price objective lowered by equities researchers at Keefe, Bruyette & Woods from $12.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 2.04% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Piper Sandler increased their target price on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday, June 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $12.00 price objective on shares of AGNC Investment in a research note on Friday, April 24th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Finally, UBS Group upped their target price on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, AGNC Investment has a consensus rating of “Hold” and an average price target of $11.22.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $10.78 on Wednesday. The business has a 50-day simple moving average of $10.60 and a 200 day simple moving average of $10.82. AGNC Investment has a one year low of $9.11 and a one year high of $12.19. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 5.67 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. AGNC Investment had a return on equity of 18.20% and a net margin of 57.94%.The business had revenue of $305.00 million for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company earned ($0.17) earnings per share. On average, sell-side analysts expect that AGNC Investment will post 1.57 EPS for the current year.

Insider Transactions at AGNC Investment

In other news, CEO Peter J. Federico sold 64,412 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total transaction of $713,684.96. Following the completion of the transaction, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at $21,352,079.64. This represents a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the sale, the director owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. The trade was a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 215,234 shares of company stock worth $2,364,022 over the last three months. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On AGNC Investment

Institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in AGNC Investment during the fourth quarter valued at $141,830,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of AGNC Investment during the 4th quarter valued at $33,210,000. SG Americas Securities LLC lifted its position in shares of AGNC Investment by 19,632.0% during the 4th quarter. SG Americas Securities LLC now owns 3,108,188 shares of the real estate investment trust’s stock valued at $33,320,000 after buying an additional 3,092,436 shares during the last quarter. State Street Corp lifted its position in shares of AGNC Investment by 12.9% during the 2nd quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock valued at $155,383,000 after buying an additional 1,906,785 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of AGNC Investment by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock worth $312,275,000 after acquiring an additional 1,596,244 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Company Profile

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.