AGNC Investment’s (AGNC) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

AGNC Investment (NASDAQ:AGNC)‘s stock had its “neutral” rating reissued by JPMorgan Chase & Co. in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $12.00 price target on the real estate investment trust’s stock, up from their previous price target of $11.00. JPMorgan Chase & Co.‘s target price suggests a potential upside of 4.99% from the company’s current price.

AGNC has been the topic of several other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $12.00 price target on shares of AGNC Investment in a research note on Friday, April 24th. Piper Sandler raised their target price on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a research report on Wednesday, June 24th. Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, UBS Group increased their price target on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, AGNC Investment has an average rating of “Hold” and an average price target of $11.38.

AGNC Investment Stock Up 1.0%

AGNC opened at $11.43 on Friday. The firm has a market capitalization of $13.12 billion, a P/E ratio of 9.45 and a beta of 1.31. The firm’s 50 day moving average is $10.59 and its 200-day moving average is $10.82. AGNC Investment has a 52-week low of $9.11 and a 52-week high of $12.19.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of ($114.00) million for the quarter, compared to analysts’ expectations of $411.57 million. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. Equities analysts expect that AGNC Investment will post 1.56 earnings per share for the current fiscal year.

Insider Transactions at AGNC Investment

In related news, Director Donna Blank sold 22,000 shares of AGNC Investment stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the completion of the transaction, the director directly owned 96,471 shares in the company, valued at approximately $1,039,957.38. This trade represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Peter J. Federico sold 64,412 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $11.08, for a total value of $713,684.96. Following the completion of the sale, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at approximately $21,352,079.64. This represents a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 215,234 shares of company stock worth $2,364,022. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of AGNC Investment by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after buying an additional 1,304,782 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of AGNC Investment by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock valued at $312,275,000 after purchasing an additional 1,596,244 shares during the last quarter. State Street Corp raised its position in shares of AGNC Investment by 6.4% during the 4th quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock worth $197,774,000 after purchasing an additional 1,090,374 shares during the period. Norges Bank bought a new stake in shares of AGNC Investment in the 4th quarter worth approximately $141,830,000. Finally, Morgan Stanley boosted its position in AGNC Investment by 24.3% during the 4th quarter. Morgan Stanley now owns 7,491,585 shares of the real estate investment trust’s stock valued at $80,310,000 after purchasing an additional 1,462,468 shares during the period. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.