Keefe, Bruyette & Woods Issues Positive Forecast for AGNC Investment (NASDAQ:AGNC) Stock Price

AGNC Investment (NASDAQ:AGNC) had its price objective raised by equities researchers at Keefe, Bruyette & Woods from $10.50 to $11.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 5.36% from the company’s current price.

Several other analysts have also recently commented on the stock. Royal Bank Of Canada raised their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Monday, October 20th. UBS Group boosted their target price on AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Finally, Piper Sandler raised their price target on AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, AGNC Investment has a consensus rating of “Moderate Buy” and an average price target of $10.32.

AGNC Investment Trading Up 1.1%

Shares of AGNC stock opened at $10.44 on Thursday. The company has a market capitalization of $11.20 billion, a P/E ratio of 15.58 and a beta of 1.36. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $10.23 and its two-hundred day moving average is $9.82. AGNC Investment has a twelve month low of $7.85 and a twelve month high of $10.67.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). AGNC Investment had a return on equity of 18.84% and a net margin of 24.40%.The company had revenue of $836.00 million for the quarter, compared to analysts’ expectations of $466.39 million. During the same quarter last year, the company earned $0.43 EPS. Equities analysts forecast that AGNC Investment will post 1.61 EPS for the current year.

Insider Activity at AGNC Investment

In related news, CEO Peter J. Federico sold 45,798 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $10.27, for a total value of $470,345.46. Following the sale, the chief executive officer owned 1,557,401 shares in the company, valued at $15,994,508.27. This represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.42% of the stock is owned by company insiders.

Institutional Trading of AGNC Investment

Several large investors have recently bought and sold shares of AGNC. Kingstone Capital Partners Texas LLC raised its holdings in shares of AGNC Investment by 241,567.4% in the second quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust’s stock worth $446,651,000 after acquiring an additional 46,368,867 shares during the last quarter. Norges Bank acquired a new position in AGNC Investment in the 2nd quarter valued at about $109,814,000. Geode Capital Management LLC lifted its holdings in AGNC Investment by 10.9% in the 2nd quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock valued at $229,990,000 after purchasing an additional 2,461,255 shares in the last quarter. Equity Investment Corp boosted its stake in shares of AGNC Investment by 27.0% during the 2nd quarter. Equity Investment Corp now owns 9,390,450 shares of the real estate investment trust’s stock worth $86,298,000 after purchasing an additional 1,995,369 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of AGNC Investment by 12.9% during the second quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock worth $155,383,000 after buying an additional 1,906,785 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

About AGNC Investment

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).