AGNC Investment (NASDAQ:AGNC) Price Target Lowered to $11.00 at Wells Fargo & Company

AGNC Investment (NASDAQ:AGNC) had its price objective cut by Wells Fargo & Company from $12.00 to $11.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other analysts also recently weighed in on AGNC. Keefe, Bruyette & Woods decreased their price target on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $11.00 price target on shares of AGNC Investment in a research report on Thursday. Finally, StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Stock Performance

NASDAQ:AGNC opened at $10.08 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 7.00 and a beta of 1.47. The firm’s fifty day moving average price is $9.52 and its 200 day moving average price is $9.90. AGNC Investment has a 1-year low of $8.92 and a 1-year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. On average, sell-side analysts expect that AGNC Investment will post 1.95 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $0.12 per share. This represents a yield of 15.5%. The ex-dividend date is Friday, January 31st. AGNC Investment’s dividend payout ratio is presently 148.45%.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds have recently modified their holdings of AGNC. Hsbc Holdings PLC purchased a new position in shares of AGNC Investment during the second quarter valued at approximately $157,000. Bank of Montreal Can lifted its stake in shares of AGNC Investment by 4.7% during the 2nd quarter. Bank of Montreal Can now owns 39,968 shares of the real estate investment trust’s stock worth $390,000 after purchasing an additional 1,777 shares during the period. AQR Capital Management LLC acquired a new stake in shares of AGNC Investment during the second quarter worth $163,000. The Manufacturers Life Insurance Company grew its position in shares of AGNC Investment by 11.4% in the second quarter. The Manufacturers Life Insurance Company now owns 183,911 shares of the real estate investment trust’s stock valued at $1,755,000 after purchasing an additional 18,864 shares during the period. Finally, Algert Global LLC acquired a new position in AGNC Investment in the second quarter valued at $668,000. 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).