Piper Sandler Raises AGNC Investment (NASDAQ:AGNC) Price Target to $12.00

AGNC Investment (NASDAQ:AGNC) had its target price upped by equities researchers at Piper Sandler from $11.50 to $12.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. Piper Sandler’s target price indicates a potential upside of 11.06% from the company’s current price.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. dropped their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $12.00 target price on shares of AGNC Investment in a report on Friday, April 24th. UBS Group increased their target price on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research note on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.25.

AGNC Investment Stock Down 0.9%

NASDAQ:AGNC opened at $10.80 on Thursday. AGNC Investment has a 52 week low of $9.11 and a 52 week high of $12.19. The stock has a market capitalization of $12.40 billion, a PE ratio of 8.93 and a beta of 1.31. The stock’s 50-day moving average price is $10.54 and its 200-day moving average price is $10.78.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. The company had revenue of ($114.00) million during the quarter, compared to analyst estimates of $411.57 million. Sell-side analysts expect that AGNC Investment will post 1.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Donna Blank sold 22,000 shares of AGNC Investment stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the transaction, the director owned 96,471 shares in the company, valued at $1,039,957.38. The trade was a 18.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter J. Federico sold 64,412 shares of AGNC Investment stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total value of $713,684.96. Following the transaction, the chief executive officer owned 1,927,083 shares in the company, valued at approximately $21,352,079.64. This represents a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 215,234 shares of company stock valued at $2,364,022 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Institutional investors have recently bought and sold shares of the company. Wealthspire Advisors LLC increased its holdings in shares of AGNC Investment by 0.9% during the 4th quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock worth $1,118,000 after buying an additional 907 shares during the last quarter. Choreo LLC raised its position in AGNC Investment by 5.0% in the third quarter. Choreo LLC now owns 20,784 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 985 shares during the period. Davidson Trust Co. lifted its stake in shares of AGNC Investment by 4.4% in the 1st quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust’s stock valued at $234,000 after purchasing an additional 985 shares during the last quarter. Lido Advisors LLC lifted its stake in shares of AGNC Investment by 10.4% in the 4th quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of AGNC Investment by 61.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,048 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.