AGNC Investment’s (AGNC) Outperform Rating Reaffirmed at Royal Bank of Canada

AGNC Investment (NASDAQ:AGNC)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank of Canada in a research note issued on Thursday,Benzinga reports. They presently have a $11.00 price objective on the real estate investment trust’s stock. Royal Bank of Canada’s target price suggests a potential upside of 10.33% from the stock’s current price.

Other analysts also recently issued reports about the stock. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Keefe, Bruyette & Woods decreased their price objective on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research report on Wednesday. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Finally, JPMorgan Chase & Co. decreased their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.50.

AGNC Investment Price Performance

NASDAQ:AGNC opened at $9.97 on Thursday. The company has a market capitalization of $8.83 billion, a P/E ratio of 10.28 and a beta of 1.47. The business’s 50-day moving average is $9.53 and its 200 day moving average is $9.89. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment has a 12 month low of $8.92 and a 12 month high of $10.85.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. On average, equities research analysts forecast that AGNC Investment will post 1.63 earnings per share for the current fiscal year.

Institutional Trading of AGNC Investment

Institutional investors and hedge funds have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. increased its stake in AGNC Investment by 200.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock worth $151,113,000 after buying an additional 9,639,675 shares during the period. Natixis Advisors LLC increased its position in shares of AGNC Investment by 314.8% during the third quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust’s stock worth $40,196,000 after acquiring an additional 2,916,345 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of AGNC Investment during the third quarter valued at approximately $17,463,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of AGNC Investment by 115.0% in 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 valued at $20,007,000 after purchasing an additional 1,023,275 shares during the period. Finally, International Assets Investment Management LLC grew its stake in 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 purchasing an additional 969,475 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

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).