AGNC Investment (NASDAQ:AGNC) Price Target Lowered to $9.50 at JPMorgan Chase & Co.

AGNC Investment (NASDAQ:AGNC) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $10.00 to $9.50 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 1.14% from the stock’s previous close.

AGNC has been the topic of a number of other research reports. Royal Bank of Canada raised their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $10.00 to $12.00 in a research report on Friday, September 20th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average target price of $10.44.

AGNC Investment Stock Down 0.7 %

Shares of NASDAQ:AGNC opened at $9.61 on Monday. AGNC Investment has a 12-month low of $8.87 and a 12-month high of $10.85. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average price is $9.83 and its 200-day moving average price is $9.96. The stock has a market capitalization of $8.51 billion, a P/E ratio of 6.67 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The company had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same period last year, the firm earned $0.65 earnings per share. On average, equities analysts anticipate that AGNC Investment will post 1.94 earnings per share for the current year.

Institutional Trading of AGNC Investment

A number of hedge funds have recently modified their holdings of the business. Tidal Investments LLC purchased a new position in AGNC Investment during the first quarter valued at $108,000. SG Americas Securities LLC bought a new position in AGNC Investment in the 2nd quarter worth about $979,000. Dynamic Advisor Solutions LLC grew its position in AGNC Investment by 159.0% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 34,181 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 20,984 shares during the last quarter. Wedmont Private Capital increased its stake in AGNC Investment by 39.2% during the 2nd quarter. Wedmont Private Capital now owns 54,547 shares of the real estate investment trust’s stock valued at $570,000 after purchasing an additional 15,356 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in AGNC Investment by 6.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 55,714 shares of the real estate investment trust’s stock valued at $532,000 after purchasing an additional 3,419 shares in the last quarter. Institutional investors 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).