AGNC Investment (NASDAQ:AGNC) Price Target Cut to $11.00 by Analysts at JPMorgan Chase & Co.

AGNC Investment (NASDAQ:AGNC) had its price target cut by stock analysts at JPMorgan Chase & Co. from $12.00 to $11.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 4.02% from the stock’s current price.

A number of other research analysts also recently weighed in on AGNC. Royal Bank Of Canada raised their price objective on AGNC Investment from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. BTIG Research downgraded AGNC Investment from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 6th. Wall Street Zen downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. JonesTrading downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company lifted their price target on AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.03.

AGNC Investment Stock Performance

Shares of AGNC stock traded down $0.17 during trading on Thursday, reaching $10.58. The company had a trading volume of 9,994,972 shares, compared to its average volume of 21,126,914. The firm’s 50 day simple moving average is $10.69 and its two-hundred day simple moving average is $10.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.21 and a quick ratio of 0.21. AGNC Investment has a one year low of $8.07 and a one year high of $12.19. The company has a market capitalization of $11.88 billion, a PE ratio of 7.56 and a beta of 1.38.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). AGNC Investment had a net margin of 47.40% and a return on equity of 18.32%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $354.75 million. Sell-side analysts forecast that AGNC Investment will post 1.61 earnings per share for the current year.

Insider Activity

In other news, Director Gary D. Kain sold 700,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the sale, the director directly owned 2,189,091 shares in the company, valued at approximately $26,072,073.81. The trade was a 24.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kenneth L. Pollack sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total value of $605,500.00. Following the sale, the executive vice president owned 552,297 shares in the company, valued at approximately $6,688,316.67. This represents a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 775,000 shares of company stock worth $9,246,000. Company insiders own 0.40% of the company’s stock.

Institutional Trading of AGNC Investment

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of AGNC Investment by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after purchasing an additional 1,304,782 shares during the period. Geode Capital Management LLC increased its position in shares of AGNC Investment by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock valued at $312,275,000 after purchasing an additional 1,596,244 shares during the period. State Street Corp increased its position in shares of AGNC Investment by 6.4% during the fourth quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock valued at $197,774,000 after purchasing an additional 1,090,374 shares during the period. Norges Bank bought a new stake in shares of AGNC Investment during the fourth quarter valued at approximately $141,830,000. Finally, Equity Investment Corp increased its position in shares of AGNC Investment by 1.8% during the third quarter. Equity Investment Corp now owns 9,554,836 shares of the real estate investment trust’s stock valued at $93,542,000 after purchasing an additional 164,386 shares during the period. 38.28% of the stock is currently owned by 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.