AGNC Investment (NASDAQ:AGNC – Get Free Report) had its target price cut by stock analysts at Wells Fargo & Company from $12.00 to $11.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 3.87% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods cut their price objective on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday. UBS Group boosted their target price on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Wall Street Zen upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $12.00 price objective on shares of AGNC Investment in a research note on Friday, April 24th. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.11.
Read Our Latest Stock Report on AGNC Investment
AGNC Investment Trading Up 0.3%
AGNC Investment (NASDAQ:AGNC – Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. AGNC Investment had a return on equity of 18.20% and a net margin of 57.94%.The business had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm earned ($0.17) EPS. Equities analysts forecast that AGNC Investment will post 1.59 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Peter J. Federico sold 64,412 shares of AGNC Investment stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total transaction of $713,684.96. Following the completion of the transaction, the chief executive officer owned 1,927,083 shares of the company’s stock, valued at $21,352,079.64. The trade was a 3.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the completion of the sale, the director owned 96,471 shares in the company, valued at $1,039,957.38. This represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 150,823 shares of company stock valued at $1,661,298. Company insiders own 0.40% of the company’s stock.
Institutional Trading of AGNC Investment
Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of AGNC Investment by 1.4% in 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 last quarter. Geode Capital Management LLC raised its position in shares of AGNC Investment by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock worth $312,275,000 after purchasing an additional 1,596,244 shares during the last quarter. State Street Corp raised its position in shares of AGNC Investment by 6.4% during the 4th quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock worth $197,774,000 after purchasing an additional 1,090,374 shares during the last quarter. Norges Bank purchased a new stake in AGNC Investment in the 4th quarter valued at approximately $141,830,000. Finally, Morgan Stanley lifted its stake 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 in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.
Trending Headlines about AGNC Investment
Here are the key news stories impacting AGNC Investment this week:
- Positive Sentiment: Investor-focused coverage highlighted AGNC’s large, concentrated portfolio and its 13%+ dividend yield, reinforcing the stock’s appeal to income investors. The $97.2 Billion Portfolio Behind AGNC Investment’s 13%+ Yield
- Neutral Sentiment: Another article discussed AGNC in the context of monthly dividend strategies, which keeps the company in front of income-focused investors but does not signal a direct catalyst. The Set It and Forget It Monthly Dividend Stocks Retirees Wish They’d Bought 20 Years Ago
- Neutral Sentiment: Separately, AGNC was mentioned in commentary about interest-rate uncertainty, which matters for mortgage REIT earnings and book value, but the piece was more of a broader sector discussion than a company-specific update. With a 13% Yield but an Uncertain Interest Rate Environment, Is AGNC Stock a Buy?
- Negative Sentiment: Keefe, Bruyette & Woods lowered its price target on AGNC to $11 from $12, signaling slightly weaker upside expectations even while maintaining an overweight rating. Keefe, Bruyette & Woods Lowers AGNC Investment (NASDAQ:AGNC) Price Target to $11.00
- Negative Sentiment: Wells Fargo also cut its price target on AGNC to $11 from $12, reinforcing cautious sentiment around the stock’s near-term valuation. AGNC Investment price target lowered by Wells Fargo & Company
About AGNC Investment
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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