Keefe, Bruyette & Woods Reaffirms Market Perform Rating for AGNC Investment (NASDAQ:AGNC)

AGNC Investment (NASDAQ:AGNC)‘s stock had its “market perform” rating restated by equities research analysts at Keefe, Bruyette & Woods in a report issued on Thursday,Benzinga reports. They presently have a $12.00 target price on the real estate investment trust’s stock, up from their previous target price of $11.00. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 0.17% from the company’s current price.

Several other analysts have also recently commented on the company. Piper Sandler increased their target price on AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Wells Fargo & Company reissued an “overweight” rating on shares of AGNC Investment in a report on Wednesday. Jones Trading cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. BTIG Research lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.53.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $12.02 on Thursday. The stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of 8.59 and a beta of 1.36. The firm’s 50-day moving average price is $10.92 and its two-hundred day moving average price is $10.24. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. AGNC Investment has a 1-year low of $7.85 and a 1-year high of $12.19.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, January 26th. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $995.00 million during the quarter, compared to analyst estimates of $354.75 million. AGNC Investment had a return on equity of 19.13% and a net margin of 47.40%. On average, equities analysts predict that AGNC Investment will post 1.61 earnings per share for the current fiscal year.

Institutional Trading of AGNC Investment

Several institutional investors and hedge funds have recently made changes to their positions in the business. N.E.W. Advisory Services LLC grew its stake in shares of AGNC Investment by 100.0% during the fourth quarter. N.E.W. Advisory Services LLC now owns 5,000 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 2,500 shares during the period. HB Wealth Management LLC boosted its holdings in AGNC Investment by 6.1% during the fourth quarter. HB Wealth Management LLC now owns 30,751 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 1,758 shares during the last quarter. Kingswood Wealth Advisors LLC grew its position in shares of AGNC Investment by 225.2% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 48,031 shares of the real estate investment trust’s stock worth $515,000 after buying an additional 33,260 shares during the period. Ruffer LLP acquired a new position in shares of AGNC Investment during the 4th quarter worth about $499,000. Finally, Key Client Fiduciary Advisors LLC increased its stake in shares of AGNC Investment by 26.0% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 18,434 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 3,806 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

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.