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

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

AGNC has been the subject of several other research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $12.00 target price on shares of AGNC Investment in a research report on Friday, April 24th. Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday. Compass Point lowered AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price on the stock. in a research note on Friday, July 17th. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $11.50 target price (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.11.

AGNC Investment Trading Up 0.3%

AGNC Investment stock opened at $10.59 on Thursday. AGNC Investment has a 1 year low of $9.31 and a 1 year high of $12.19. The company has a market cap of $12.16 billion, a PE ratio of 5.57 and a beta of 1.31. The company’s 50-day moving average is $10.61 and its two-hundred day moving average is $10.82.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 18.20%. The business had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted ($0.17) earnings per share. Research analysts forecast that AGNC Investment will post 1.59 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be issued a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 13.6%. The ex-dividend date is Friday, July 31st. AGNC Investment’s dividend payout ratio is 75.79%.

Insider Activity

In related news, CEO Peter J. Federico sold 64,412 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 1,927,083 shares in the company, valued at approximately $21,352,079.64. The trade was a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total value of $237,160.00. Following the completion of the transaction, the director owned 96,471 shares of the company’s stock, valued at $1,039,957.38. This represents a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 150,823 shares of company stock valued at $1,661,298 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Avion Wealth increased its position in shares of AGNC Investment by 286.3% during the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 2,021 shares in the last quarter. Sound Income Strategies LLC lifted its position in AGNC Investment by 61.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,048 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in AGNC Investment in the 4th quarter worth $33,000. National Bank of Canada FI boosted its stake in AGNC Investment by 100.9% in the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,690 shares during the period. Finally, WealthCollab LLC acquired a new position in AGNC Investment in the 3rd quarter worth $33,000. Institutional investors own 38.28% of the company’s stock.

More AGNC Investment News

Here are the key news stories impacting AGNC Investment this week:

• Positive Sentiment: Investor-focused coverage highlighted AGNC’s large, concentrated portfolio and its 13%+ dividend yield, reinforcing the stock’s appeal to income investors. The $97.2 Billion Portfolio Behind AGNC Investment’s 13%+ Yield
• Neutral Sentiment: Another article discussed AGNC in the context of monthly dividend strategies, which keeps the company in front of income-focused investors but does not signal a direct catalyst. The Set It and Forget It Monthly Dividend Stocks Retirees Wish They’d Bought 20 Years Ago
• Neutral Sentiment: Separately, AGNC was mentioned in commentary about interest-rate uncertainty, which matters for mortgage REIT earnings and book value, but the piece was more of a broader sector discussion than a company-specific update. With a 13% Yield but an Uncertain Interest Rate Environment, Is AGNC Stock a Buy?
• Negative Sentiment: Keefe, Bruyette & Woods lowered its price target on AGNC to $11 from $12, signaling slightly weaker upside expectations even while maintaining an overweight rating. Keefe, Bruyette & Woods Lowers AGNC Investment (NASDAQ:AGNC) Price Target to $11.00
• Negative Sentiment: Wells Fargo also cut its price target on AGNC to $11 from $12, reinforcing cautious sentiment around the stock’s near-term valuation. AGNC Investment price target lowered by Wells Fargo & Company

About AGNC Investment

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.