Wells Fargo & Company Lowers AGNC Investment (NASDAQ:AGNC) Price Target to $11.00

AGNC Investment (NASDAQ:AGNC) had its price target reduced by analysts at Wells Fargo & Company from $12.00 to $11.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 10.33% from the stock’s current price.

Several other brokerages also recently issued reports on AGNC. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. JPMorgan Chase & Co. cut their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $11.00 target price on shares of AGNC Investment in a research note on Thursday. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods cut their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.50.

AGNC Investment Trading Down 1.1 %

Shares of NASDAQ AGNC opened at $9.97 on Thursday. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 10.28 and a beta of 1.47. AGNC Investment has a 12-month low of $8.92 and a 12-month high of $10.85. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $9.53 and its 200 day simple moving average is $9.89.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Equities research analysts expect that AGNC Investment will post 1.63 EPS for the current year.

Institutional Trading of AGNC Investment

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. raised its stake in shares of AGNC Investment by 200.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock worth $151,113,000 after buying an additional 9,639,675 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of AGNC Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock worth $128,730,000 after acquiring an additional 242,640 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of AGNC Investment by 5.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust’s stock worth $80,392,000 after acquiring an additional 424,990 shares during the last quarter. Equity Investment Corp grew its holdings in shares of AGNC Investment by 2.1% in the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock worth $76,088,000 after acquiring an additional 149,775 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of AGNC Investment by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock worth $70,796,000 after acquiring an additional 162,152 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Company Profile

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).