AGNC Investment (NASDAQ:AGNC) Earns Buy Rating from Analysts at Janney Montgomery Scott (2024)

Analysts at Janney Montgomery Scott began coverage on shares of AGNC Investment (NASDAQ:AGNC – Get Free Report) in a report issued on Thursday, Briefing.com reports. The firm set a “buy” rating and a $10.50 price target on the real estate investment trust’s stock. Janney Montgomery Scott’s target price would suggest a potential upside of 7.03% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Compass Point started coverage on AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price on the stock. Jonestrading lowered their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Keefe, Bruyette & Woods lowered their target price on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.88.

Read Our Latest Report on AGNC Investment

AGNC Investment Price Performance

NASDAQ:AGNC opened at $9.81 on Thursday. AGNC Investment has a 12 month low of $6.81 and a 12 month high of $10.64. The stock has a 50 day moving average of $9.54 and a two-hundred day moving average of $9.54. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. The firm has a market cap of $7.13 billion, a P/E ratio of 10.78 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC – Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. During the same period in the previous year, the business earned $0.70 EPS. On average, analysts expect that AGNC Investment will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling at AGNC Investment

In other news, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the sale, the director now owns 75,545 shares of the company’s stock, valued at $706,345.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the sale, the director now owns 75,545 shares of the company’s stock, valued at $706,345.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the sale, the director now directly owns 111,827 shares in the company, valued at approximately $1,051,173.80. The disclosure for this sale can be found here. Insiders have sold a total of 15,900 shares of company stock valued at $149,030 over the last quarter. 0.43% of the stock is owned by company insiders.

Institutional Trading of AGNC Investment

A number of large investors have recently modified their holdings of AGNC. MeadowBrook Investment Advisors LLC purchased a new position in AGNC Investment in the fourth quarter valued at $30,000. Bruce G. Allen Investments LLC purchased a new position in AGNC Investment in the fourth quarter valued at $37,000. LRI Investments LLC purchased a new position in AGNC Investment in the first quarter valued at $38,000. Verity & Verity LLC acquired a new position in AGNC Investment in the first quarter valued at $45,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of AGNC Investment in the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Company Profile

(Get Free Report)

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).

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