Compass Point Reaffirms Their Buy Rating on AGNC Investment (AGNC)

In a report released today, Merrill Ross from Compass Point maintained a Buy rating on AGNC Investment (AGNC – Research Report), with a price target of $10.25. The company’s shares closed yesterday at $9.37.

According to TipRanks, Ross is a 4-star analyst with an average return of 5.3% and a 53.01% success rate. Ross covers the Real Estate sector, focusing on stocks such as AGNC Investment, Sun Communities, and Annaly Capital.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for AGNC Investment with a $10.00 average price target, a 6.72% upside from current levels. In a report released today, KBW also assigned a Buy rating to the stock with a $9.50 price target.

The company has a one-year high of $9.91 and a one-year low of $6.39. Currently, AGNC Investment has an average volume of 11.22M.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AGNC in relation to earlier this year.

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AGNC Investment (AGNC) Company Description:

AGNC Investment Corp. operates as a real estate investment trust. It primarily invests in agency residential mortgage-backed securities on a leveraged basis. The firm’s investments consist of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a United States Government-sponsored enterprise, such as the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, and by a U.S. Government agency, such as the Government National Mortgage Association. It also invests in other types of mortgage and mortgage-related residential and commercial mortgage-backed securities where repayment of principal and interest is not guaranteed by a GSE or U.S. Government agency. The company was founded on January 7, 2008 and is headquartered in Bethesda, MD.