AGNC Investment (NASDAQ:AGNC) Upgraded at Wells Fargo & Company

AGNC Investment (NASDAQ:AGNC) was upgraded by Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report released on Friday, FinViz reports. The brokerage currently has a $12.00 price target on the real estate investment trust’s stock, up from their previous price target of $10.00. Wells Fargo & Company‘s price objective would suggest a potential upside of 13.64% from the stock’s previous close.

Several other brokerages have also commented on AGNC. JPMorgan Chase & Co. lifted their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Royal Bank of Canada lifted their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods lifted their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Janney Montgomery Scott assumed coverage on shares of AGNC Investment in a research note on Thursday, June 6th. They set a “buy” rating and a $10.50 price objective for the company. Finally, Compass Point boosted their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.33.

AGNC Investment Stock Down 0.9 %

Shares of NASDAQ AGNC opened at $10.56 on Friday. The stock has a market capitalization of $7.68 billion, a P/E ratio of 11.60 and a beta of 1.47. The company has a 50-day moving average price of $10.19 and a 200-day moving average price of $9.81. AGNC Investment has a 1 year low of $6.81 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The business had revenue of $695.00 million for the quarter, compared to analyst estimates of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The firm’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 earnings per share. On average, equities research analysts forecast that AGNC Investment will post 2.11 EPS for the current fiscal year.

Insider Activity at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the transaction, the chief financial officer now directly owns 298,182 shares in the company, valued at approximately $3,002,692.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of AGNC Investment

Hedge funds and other institutional investors have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC purchased a new stake in shares of AGNC Investment in the 2nd quarter worth about $31,000. Northwestern Mutual Wealth Management Co. grew its position in AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares during the last quarter. LRI Investments LLC purchased a new stake in AGNC Investment during the 1st quarter valued at about $38,000. Quarry LP grew its position in AGNC Investment by 75.6% during the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 2,275 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in AGNC Investment during the 1st quarter valued at about $53,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

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).