AGNC Investment (NASDAQ:AGNC) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Monday.
A number of other equities analysts have also recently weighed in on AGNC. Barclays reduced their price objective on shares of AGNC Investment from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, October 26th. ValuEngine upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Friday, December 7th. JPMorgan Chase & Co. upgraded shares of AGNC Investment from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $17.50 to $18.00 in a research report on Thursday, December 20th. Zacks Investment Research upgraded shares of AGNC Investment from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, December 31st. Finally, Keefe, Bruyette & Woods upgraded shares of AGNC Investment from a “market perform” rating to an “outperform” rating in a research report on Sunday, January 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. AGNC Investment has an average rating of “Hold” and an average price target of $18.75.
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NASDAQ:AGNC traded up $0.07 during trading hours on Monday, reaching $17.83. 5,464,300 shares of the company were exchanged, compared to its average volume of 5,808,191. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $9.38 billion, a PE ratio of 7.59, a P/E/G ratio of 2.47 and a beta of 0.20. AGNC Investment has a twelve month low of $16.96 and a twelve month high of $19.72.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Wednesday, January 30th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.06). The company had revenue of $186.00 million for the quarter, compared to analyst estimates of $341.58 million. AGNC Investment had a return on equity of 12.17% and a net margin of 11.85%. During the same quarter in the prior year, the company posted $0.63 earnings per share. Research analysts forecast that AGNC Investment will post 2.39 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of AGNC. FMR LLC raised its position in shares of AGNC Investment by 129.0% in the third quarter. FMR LLC now owns 12,775,229 shares of the real estate investment trust’s stock valued at $238,002,000 after buying an additional 7,197,703 shares during the last quarter. Scout Investments Inc. acquired a new stake in shares of AGNC Investment in the fourth quarter valued at about $103,298,000. BlackRock Inc. raised its position in shares of AGNC Investment by 14.4% in the third quarter. BlackRock Inc. now owns 42,967,955 shares of the real estate investment trust’s stock valued at $800,494,000 after buying an additional 5,400,238 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of AGNC Investment by 14.0% in the third quarter. Vanguard Group Inc now owns 41,306,726 shares of the real estate investment trust’s stock valued at $769,544,000 after purchasing an additional 5,066,044 shares during the period. Finally, State Treasurer State of Michigan grew its holdings in shares of AGNC Investment by 21.3% in the third quarter. State Treasurer State of Michigan now owns 22,485,845 shares of the real estate investment trust’s stock valued at $418,911,000 after purchasing an additional 3,944,745 shares during the period. Institutional investors and hedge funds own 60.00% 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).
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