JMP Securities Reaffirms “Market Perform” Rating for AGNC Investment (NASDAQ:AGNC)

AGNC Investment (NASDAQ:AGNC)‘s stock had its “market perform” rating reaffirmed by analysts at JMP Securities in a research note issued on Thursday,Benzinga reports.

A number of other research firms have also recently commented on AGNC. JPMorgan Chase & Co. decreased their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research report on Monday, December 9th. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.64.

AGNC Investment Price Performance

NASDAQ AGNC traded up $0.01 on Thursday, hitting $9.72. The company had a trading volume of 1,188,655 shares, compared to its average volume of 16,515,498. AGNC Investment has a 12-month low of $8.92 and a 12-month high of $10.85. 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 company’s fifty day moving average price is $9.50 and its 200-day moving average price is $9.90. The company has a market capitalization of $8.60 billion, a PE ratio of 6.75 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The firm had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. During the same period in the previous year, the firm posted $0.65 EPS. As a group, analysts predict that AGNC Investment will post 1.94 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AGNC. Riverview Trust Co acquired a new position in AGNC Investment in the 3rd quarter valued at about $25,000. Point72 Asset Management L.P. purchased a new stake in shares of AGNC Investment during the 3rd quarter worth about $32,000. Northwestern Mutual Wealth Management Co. boosted its holdings in AGNC Investment by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 1,255 shares during the period. Blue Trust Inc. boosted its holdings in AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 2,966 shares during the period. Finally, Quarry LP boosted its holdings in AGNC Investment by 75.6% in the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 2,275 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

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).