AGNC Investment (NASDAQ:AGNC) Given New $8.50 Price Target at JPMorgan Chase & Co.

AGNC Investment (NASDAQ:AGNC) had its target price upped by research analysts at JPMorgan Chase & Co. from $8.00 to $8.50 in a research report issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 3.68% from the company’s previous close.

A number of other research analysts also recently issued reports on AGNC. Barclays decreased their price objective on AGNC Investment from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday. Royal Bank Of Canada lowered their price target on shares of AGNC Investment from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday. Wells Fargo & Company lowered their target price on AGNC Investment from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wall Street Zen downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Finally, Keefe, Bruyette & Woods lowered their price target on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.12.

AGNC Investment Stock Down 0.7%

Shares of AGNC traded down $0.07 on Friday, hitting $8.82. The company’s stock had a trading volume of 7,557,949 shares, compared to its average volume of 21,786,785. The firm’s fifty day moving average price is $9.84 and its 200-day moving average price is $10.37. AGNC Investment has a fifty-two week low of $8.38 and a fifty-two week high of $12.19. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of 883.38 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.06 billion. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. As a group, equities analysts predict that AGNC Investment will post 1.59 earnings per share for the current fiscal year.

Insider Activity at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the transaction, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Several institutional investors have recently made changes to their positions in the stock. Gibbs Wealth Management raised its holdings in AGNC Investment by 31.1% in the 3rd quarter. Gibbs Wealth Management now owns 17,416 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 4,129 shares in the last quarter. Inspire Investing LLC raised its stake in AGNC Investment by 93.7% in the third quarter. Inspire Investing LLC now owns 112,241 shares of the real estate investment trust’s stock valued at $1,018,000 after purchasing an additional 54,303 shares in the last quarter. Yousif Capital Management LLC raised its stake in AGNC Investment by 532.4% in the third quarter. Yousif Capital Management LLC now owns 352,308 shares of the real estate investment trust’s stock valued at $3,195,000 after purchasing an additional 296,597 shares in the last quarter. Brookstone Capital Management raised its position in AGNC Investment by 16.5% during the third quarter. Brookstone Capital Management now owns 87,910 shares of the real estate investment trust’s stock valued at $797,000 after purchasing an additional 12,483 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its stake in AGNC Investment by 4.3% in the third quarter. SeaCrest Wealth Management LLC now owns 202,107 shares of the real estate investment trust’s stock valued at $1,833,000 after buying an additional 8,403 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.