AGNC Investment (NASDAQ:AGNC) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.
Several other research firms also recently weighed in on AGNC. Zacks Investment Research downgraded AGNC Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Maxim Group reaffirmed a “buy” rating and issued a $21.25 price objective on shares of AGNC Investment in a research note on Friday, October 27th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $19.00 price objective on shares of AGNC Investment in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $20.38.
AGNC Investment (NASDAQ:AGNC) opened at $19.85 on Friday. The stock has a market capitalization of $7,770.00, a P/E ratio of 4.90 and a beta of 0.13. AGNC Investment has a one year low of $18.41 and a one year high of $22.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.24 and a current ratio of 0.24.
Institutional investors have recently added to or reduced their stakes in the business. FNY Managed Accounts LLC purchased a new position in AGNC Investment during the third quarter worth $104,000. Chicago Partners Investment Group LLC increased its position in AGNC Investment by 227.8% during the third quarter. Chicago Partners Investment Group LLC now owns 5,900 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 4,100 shares in the last quarter. Dana Investment Advisors Inc. purchased a new position in AGNC Investment during the third quarter worth $214,000. Crossmark Global Holdings Inc. purchased a new position in AGNC Investment during the third quarter worth $223,000. Finally, Summit Securities Group LLC increased its position in AGNC Investment by 25.2% during the third quarter. Summit Securities Group LLC now owns 13,400 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 2,700 shares in the last quarter. 65.41% of the stock is owned by institutional investors.
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).
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