AGNC Investment (NASDAQ:AGNC) Coverage Initiated at StockNews.com

Posted by Defense World Staff on Oct 6th, 2023

Equities research analysts at StockNews.com started coverage on shares of AGNC Investment (NASDAQ:AGNC – Get Free Report) in a research report issued on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

Several other brokerages also recently commented on AGNC. UBS Group raised shares of AGNC Investment from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $10.50 to $11.50 in a research report on Monday, September 18th. Royal Bank of Canada restated an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a report on Wednesday, July 26th. Finally, JPMorgan Chase & Co. decreased their price target on shares of AGNC Investment from $11.00 to $10.50 in a research note on Monday, July 24th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $10.56.

Check Out Our Latest Analysis on AGNC

AGNC Investment Price Performance

AGNC stock opened at $9.00 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $9.75 and its 200 day simple moving average is $9.79. AGNC Investment has a 12-month low of $7.30 and a 12-month high of $12.25. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of -34.62 and a beta of 1.22.

AGNC Investment (NASDAQ:AGNC – Get Free Report) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. AGNC Investment had a return on equity of 29.59% and a net margin of 1.96%. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $342.01 million. During the same period in the previous year, the business earned $0.83 EPS. On average, analysts expect that AGNC Investment will post 2.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $9.93, for a total transaction of $49,650.00. Following the completion of the transaction, the executive vice president now directly owns 258,947 shares in the company, valued at $2,571,343.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $9.93, for a total value of $49,650.00. Following the completion of the sale, the executive vice president now directly owns 258,947 shares of the company’s stock, valued at $2,571,343.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Morris A. Davis bought 4,772 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was bought at an average price of $10.48 per share, for a total transaction of $50,010.56. Following the acquisition, the director now directly owns 55,060 shares of the company’s stock, valued at $577,028.80. The disclosure for this purchase can be found here. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors have recently added to or reduced their stakes in AGNC. Vanguard Group Inc. boosted its stake in shares of AGNC Investment by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 48,875,957 shares of the real estate investment trust’s stock worth $411,535,000 after buying an additional 536,286 shares during the last quarter. BlackRock Inc. boosted its position in AGNC Investment by 1.6% in the first quarter. BlackRock Inc. now owns 33,303,058 shares of the real estate investment trust’s stock worth $335,695,000 after purchasing an additional 523,955 shares during the last quarter. State Street Corp boosted its position in AGNC Investment by 2.7% in the second quarter. State Street Corp now owns 15,338,384 shares of the real estate investment trust’s stock worth $157,098,000 after purchasing an additional 402,771 shares during the last quarter. Geode Capital Management LLC increased its position in shares of AGNC Investment by 4.0% during the 2nd quarter. Geode Capital Management LLC now owns 8,773,217 shares of the real estate investment trust’s stock valued at $88,873,000 after purchasing an additional 334,930 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of AGNC Investment during the 2nd quarter worth $79,549,000. 38.86% of the stock is owned by institutional investors.

AGNC Investment Company Profile

(Get Free Report)

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).