AGNC Investment (AGNC) Lowered to “Sell” at BidaskClub

AGNC Investment (NASDAQ:AGNC) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

AGNC has been the subject of several other reports. Maxim Group reissued a “buy” rating and issued a $21.25 target price on shares of AGNC Investment in a report on Friday, October 27th. Zacks Investment Research raised AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a report on Tuesday, October 24th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $19.00 target price on shares of AGNC Investment in a report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $20.38.

Shares of AGNC Investment (NASDAQ:AGNC) traded down $0.03 during midday trading on Tuesday, reaching $20.28. The company’s stock had a trading volume of 2,621,285 shares, compared to its average volume of 4,019,399. The stock has a market cap of $7,970.70, a P/E ratio of 8.02 and a beta of 0.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.24 and a quick ratio of 0.24. AGNC Investment has a 12 month low of $17.30 and a 12 month high of $22.34.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The company had revenue of $178.00 million during the quarter, compared to the consensus estimate of $177.50 million. AGNC Investment had a return on equity of 12.00% and a net margin of 145.02%. During the same period in the previous year, the business earned $0.67 EPS. equities analysts anticipate that AGNC Investment will post 2.55 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of AGNC Investment by 71.0% in the 3rd quarter. Wells Fargo & Company MN now owns 11,306,947 shares of the real estate investment trust’s stock valued at $245,135,000 after purchasing an additional 4,695,908 shares during the last quarter. Janus Henderson Group PLC raised its stake in AGNC Investment by 33.3% during the 3rd quarter. Janus Henderson Group PLC now owns 2,672,335 shares of the real estate investment trust’s stock valued at $57,936,000 after acquiring an additional 668,185 shares during the last quarter. Legal & General Group Plc raised its stake in AGNC Investment by 6.7% during the 3rd quarter. Legal & General Group Plc now owns 2,247,884 shares of the real estate investment trust’s stock valued at $48,731,000 after acquiring an additional 140,831 shares during the last quarter. Allianz Asset Management GmbH raised its stake in AGNC Investment by 18.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,196,593 shares of the real estate investment trust’s stock valued at $47,622,000 after acquiring an additional 345,292 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in AGNC Investment by 71.2% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,994,575 shares of the real estate investment trust’s stock valued at $43,242,000 after acquiring an additional 829,600 shares during the last quarter. 65.74% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “AGNC Investment (AGNC) Lowered to “Sell” at BidaskClub” was published by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.com-unik.info/2017/12/12/agnc-investment-agnc-lowered-to-sell-at-bidaskclub.html.

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).

Analyst Recommendations for AGNC Investment (NASDAQ:AGNC)

What are top analysts saying about AGNC Investment? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AGNC Investment and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit