AGNC Investment (NASDAQ:AGNC) Rating Increased to Overweight at Wells Fargo & Company

AGNC Investment (NASDAQ:AGNC) was upgraded by equities research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report released on Friday, Marketbeat.com reports. The brokerage presently has a $12.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $10.00. Wells Fargo & Company‘s target price would indicate a potential upside of 14.39% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods upped their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Royal Bank of Canada boosted their price objective on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Janney Montgomery Scott started coverage on AGNC Investment in a report on Thursday, June 6th. They set a “buy” rating and a $10.50 price target on the stock. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, AGNC Investment currently has an average rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Stock Down 0.7 %

Shares of AGNC opened at $10.49 on Friday. The firm has a 50 day simple moving average of $10.19 and a two-hundred day simple moving average of $9.83. The company has a market cap of $7.63 billion, a P/E ratio of 11.53 and a beta of 1.47. AGNC Investment has a one year low of $6.81 and a one 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 announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The business had revenue of $695.00 million for the quarter, compared to the consensus estimate of $643.29 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. AGNC Investment’s quarterly revenue was up 52.1% compared to the same quarter last year. Research analysts forecast that AGNC Investment will post 2.11 EPS for the current fiscal year.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total transaction of $49,850.00. Following the sale, the chief financial officer now owns 308,182 shares of the company’s stock, valued at $3,072,574.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is owned by insiders.

Institutional Investors Weigh In On AGNC Investment

Several large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in shares of AGNC Investment during the 2nd quarter worth approximately $365,000. New Wave Wealth Advisors LLC acquired a new position in shares of AGNC Investment during the 2nd quarter valued at $165,000. Founders Financial Alliance LLC boosted its stake in AGNC Investment by 33.4% during the second quarter. Founders Financial Alliance LLC now owns 117,124 shares of the real estate investment trust’s stock worth $1,117,000 after acquiring an additional 29,339 shares in the last quarter. PVG Asset Management Corp acquired a new stake in AGNC Investment in the second quarter worth $368,000. Finally, Cetera Investment Advisers raised its holdings in shares of AGNC Investment by 1.9% during the second quarter. Cetera Investment Advisers now owns 330,181 shares of the real estate investment trust’s stock valued at $3,150,000 after purchasing an additional 6,070 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

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).