Jones Trading Cuts AGNC Investment (NASDAQ:AGNC) Price Target to $9.50

AGNC Investment (NASDAQ:AGNC) had its target price reduced by Jones Trading from $10.25 to $9.50 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of 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. Argus upgraded AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods decreased their target price 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’s stock. According to MarketBeat.com, AGNC Investment currently has a consensus rating of “Moderate Buy” and an average price target of $10.11.

AGNC Investment Stock Up 1.3 %

Shares of AGNC Investment stock opened at $8.72 on Tuesday. 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 has a twelve month low of $7.85 and a twelve month high of $10.85. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 8.99 and a beta of 1.32. The company’s 50 day moving average is $9.59 and its 200 day moving average is $9.68.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $846.00 million during the quarter, compared to analyst estimates of $436.71 million. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. During the same quarter in the previous year, the company posted $0.58 earnings per share. Research analysts anticipate that AGNC Investment will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

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

Insiders Place Their Bets

In related news, CFO Bernice Bell sold 13,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now directly owns 75,919 shares in the company, valued at $766,781.90. This trade represents a 6.18 % 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.

Institutional Trading of AGNC Investment

A number of institutional investors have recently bought and sold shares of AGNC. Illinois Municipal Retirement Fund lifted its holdings in shares of AGNC Investment by 155.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 405,075 shares of the real estate investment trust’s stock worth $3,881,000 after acquiring an additional 246,250 shares during the last quarter. Transcend Capital Advisors LLC lifted its stake in AGNC Investment by 1.6% in the first quarter. Transcend Capital Advisors LLC now owns 585,745 shares of the real estate investment trust’s stock worth $5,611,000 after purchasing an additional 9,039 shares during the last quarter. Balefire LLC boosted its position in shares of AGNC Investment by 6.4% during the first quarter. Balefire LLC now owns 327,947 shares of the real estate investment trust’s stock valued at $3,142,000 after buying an additional 19,740 shares during the period. HBK Sorce Advisory LLC grew its stake in shares of AGNC Investment by 35.1% during the first quarter. HBK Sorce Advisory LLC now owns 150,092 shares of the real estate investment trust’s stock valued at $1,438,000 after buying an additional 38,995 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in shares of AGNC Investment in the first quarter worth approximately $1,592,000. 38.28% of the stock is currently owned by institutional investors.

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).