AGNC Investment (AGNC) Downgraded to “Strong Sell” at BidaskClub

AGNC Investment (NASDAQ:AGNC) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday.

Other research analysts have also recently issued research reports about the stock. Maxim Group reaffirmed a “buy” rating and issued a $21.25 price objective on shares of AGNC Investment in a report on Friday, October 27th. Zacks Investment Research cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Wells Fargo & Co reissued a “market perform” rating and set a $19.00 target price on shares of AGNC Investment in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. AGNC Investment currently has a consensus rating of “Hold” and an average price target of $20.38.

AGNC Investment (AGNC) traded up $0.29 on Friday, reaching $19.58. 4,339,793 shares of the company’s stock were exchanged, compared to its average volume of 3,000,139. AGNC Investment has a one year low of $18.41 and a one year high of $22.34. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $7,661.58, a PE ratio of 4.82 and a beta of 0.13.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. AGNC Investment had a net margin of 145.02% and a return on equity of 12.00%. The company had revenue of $178.00 million during the quarter, compared to analysts’ expectations of $177.50 million. During the same quarter in the previous year, the company earned $0.67 earnings per share. analysts predict that AGNC Investment will post 2.55 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Brookstone Capital Management increased its stake in shares of AGNC Investment by 19.2% during the third quarter. Brookstone Capital Management now owns 15,599 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 2,517 shares in the last quarter. Summit Securities Group LLC boosted its position in AGNC Investment by 25.2% during the third quarter. Summit Securities Group LLC now owns 13,400 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 2,700 shares during the last quarter. AMP Capital Investors Ltd boosted its position in AGNC Investment by 3.9% during the third quarter. AMP Capital Investors Ltd now owns 90,614 shares of the real estate investment trust’s stock worth $1,963,000 after acquiring an additional 3,400 shares during the last quarter. Westpac Banking Corp boosted its position in AGNC Investment by 18.4% during the fourth quarter. Westpac Banking Corp now owns 22,008 shares of the real estate investment trust’s stock worth $444,000 after acquiring an additional 3,417 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in AGNC Investment by 8.2% during the third quarter. CIBC Asset Management Inc now owns 45,765 shares of the real estate investment trust’s stock worth $992,000 after acquiring an additional 3,475 shares during the last quarter. 65.49% of the stock is owned by institutional investors and hedge funds.

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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).

Analyst Recommendations for AGNC Investment (NASDAQ:AGNC)

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