AGNC Investment (NASDAQ:AGNC) Stock Rating Lowered by Compass Point

AGNC Investment (NASDAQ:AGNC) was downgraded by analysts at Compass Point from a “buy” rating to a “neutral” rating in a report released on Friday, MarketBeat.com reports. They presently have a $11.50 price objective on the real estate investment trust’s stock. Compass Point’s target price indicates a potential upside of 2.50% from the stock’s previous close.

Several other equities research analysts also recently commented on AGNC. Wall Street Zen raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. UBS Group raised their price target on shares of AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research note on Wednesday, June 24th. Royal Bank Of Canada reissued an “outperform” rating and set a $12.00 price objective on shares of AGNC Investment in a report on Friday, April 24th. Finally, Piper Sandler increased their price objective on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.33.

AGNC Investment Trading Down 1.8%

Shares of AGNC stock opened at $11.22 on Friday. The firm has a market capitalization of $12.88 billion, a PE ratio of 9.27 and a beta of 1.31. The firm has a fifty day simple moving average of $10.59 and a two-hundred day simple moving average of $10.82. AGNC Investment has a 12 month low of $9.11 and a 12 month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. The firm had revenue of ($114.00) million for the quarter, compared to the consensus estimate of $411.57 million. On average, equities analysts predict that AGNC Investment will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CEO Peter J. Federico sold 64,412 shares of AGNC Investment stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total transaction of $713,684.96. Following the transaction, the chief executive officer owned 1,927,083 shares of the company’s stock, valued at $21,352,079.64. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 that occurred on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the completion of the transaction, the director owned 96,471 shares in the company, valued at $1,039,957.38. The trade was a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 215,234 shares of company stock valued at $2,364,022 over the last ninety days. 0.40% of the stock is currently owned by insiders.

Institutional Trading of AGNC Investment

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC boosted its position in AGNC Investment by 51.9% in the first quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust’s stock worth $614,000 after purchasing an additional 21,897 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of AGNC Investment by 38.4% during the 1st quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 6,923 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of AGNC Investment by 16.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust’s stock valued at $26,937,000 after purchasing an additional 387,524 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of AGNC Investment by 57.8% during the 2nd quarter. Hsbc Holdings PLC now owns 37,642 shares of the real estate investment trust’s stock worth $346,000 after purchasing an additional 13,793 shares during the period. Finally, Invesco Ltd. raised its stake in shares of AGNC Investment by 8.9% during the 2nd quarter. Invesco Ltd. now owns 2,494,606 shares of the real estate investment trust’s stock worth $22,925,000 after purchasing an additional 203,610 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

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.