AGNC Investment (NASDAQ:AGNC) Price Target Cut to $11.00 by Analysts at Wells Fargo & Company

AGNC Investment (NASDAQ:AGNC) had its target price lowered by Wells Fargo & Company from $12.00 to $11.00 in a report issued on Thursday,Benzinga reports. The firm 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 9.13% from the company’s current price.

AGNC has been the subject of several other research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $11.00 price target on shares of AGNC Investment in a research note on Thursday. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Keefe, Bruyette & Woods dropped their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research report on Wednesday. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Stock Performance

Shares of NASDAQ:AGNC traded up $0.25 on Thursday, reaching $10.08. 32,122,507 shares of the company’s stock were exchanged, compared to its average volume of 19,409,074. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment has a fifty-two week low of $8.92 and a fifty-two week high of $10.85. The business’s 50-day moving average is $9.52 and its two-hundred day moving average is $9.89. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 7.00 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. As a group, equities research analysts forecast that AGNC Investment will post 1.95 EPS for the current year.

Institutional Trading of AGNC Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGNC. Vaughan Nelson Investment Management L.P. grew its stake in shares of AGNC Investment by 200.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after buying an additional 9,639,675 shares during the last quarter. Natixis Advisors LLC raised its stake in AGNC Investment by 314.8% in the third quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust’s stock valued at $40,196,000 after buying an additional 2,916,345 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of AGNC Investment during the third quarter valued at $17,463,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of AGNC Investment by 115.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,912,694 shares of the real estate investment trust’s stock worth $20,007,000 after purchasing an additional 1,023,275 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of AGNC Investment by 945.2% in the third quarter. International Assets Investment Management LLC now owns 1,072,039 shares of the real estate investment trust’s stock worth $102,489,000 after acquiring an additional 969,475 shares during the period. Institutional investors own 38.28% of the company’s stock.

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).