AGNC Investment (NASDAQ:AGNC – Get Free Report) had its target price decreased by investment analysts at Wells Fargo & Company from $12.00 to $11.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 2.61% from the stock’s current price.
AGNC has been the subject of a number of other reports. Compass Point cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target for the company. in a report on Friday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $12.00 price objective on shares of AGNC Investment in a research report on Friday, April 24th. Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Piper Sandler raised their target price on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday, June 24th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, AGNC Investment presently has an average rating of “Hold” and an average price target of $11.11.
Check Out Our Latest Analysis on AGNC Investment
AGNC Investment Stock Performance
AGNC Investment (NASDAQ:AGNC – Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 18.20%. During the same period in the previous year, the company earned ($0.17) earnings per share. As a group, equities research analysts forecast that AGNC Investment will post 1.58 earnings per share for the current year.
Insider Buying and Selling at AGNC Investment
In related news, Director Donna Blank sold 22,000 shares of the stock in a transaction dated 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 sale, the director owned 96,471 shares in the company, valued at approximately $1,039,957.38. This trade represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter J. Federico sold 64,412 shares of AGNC Investment stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total value of $713,684.96. Following the sale, the chief executive officer directly owned 1,927,083 shares in the company, valued at approximately $21,352,079.64. This trade represents a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 215,234 shares of company stock worth $2,364,022 over the last 90 days. Company insiders own 0.40% of the company’s stock.
Hedge Funds Weigh In On AGNC Investment
Several large investors have recently added to or reduced their stakes in 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 boosted its stake in 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 worth $312,275,000 after buying an additional 1,596,244 shares in the last quarter. State Street Corp boosted its stake in 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 worth $197,774,000 after buying an additional 1,090,374 shares in the last quarter. Norges Bank bought a new stake in AGNC Investment in the 4th quarter valued at $141,830,000. Finally, Morgan Stanley increased its holdings in AGNC Investment by 24.3% in the 4th quarter. Morgan Stanley now owns 7,491,585 shares of the real estate investment trust’s stock valued at $80,310,000 after buying an additional 1,462,468 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.
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.
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