AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.2%

AGNC Investment Corp. (NASDAQ:AGNC) fell 1.2% during trading on Tuesday . The company traded as low as $10.26 and last traded at $10.33. 6,615,603 shares were traded during mid-day trading, a decline of 49% from the average session volume of 12,921,857 shares. The stock had previously closed at $10.46.

Analyst Upgrades and Downgrades

AGNC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their target price on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research report on Thursday, July 25th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Compass Point raised their target price on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Janney Montgomery Scott started coverage on AGNC Investment in a research note on Thursday, June 6th. They issued a “buy” rating and a $10.50 target price for the company. Finally, Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Stock Down 1.7 %

The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $10.21 and a 200 day simple moving average of $9.86. The firm has a market capitalization of $7.47 billion, a PE ratio of 11.35 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $695.00 million during the quarter, compared to analysts’ expectations of $643.29 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. AGNC Investment’s revenue for the quarter was up 52.1% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share. As a group, sell-side analysts forecast that AGNC Investment Corp. will post 2.11 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 14.01%. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Insider Activity

In related news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the sale, the chief financial officer now directly owns 298,182 shares in the company, valued at $3,002,692.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds have recently added to or reduced their stakes in AGNC. Treasurer of the State of North Carolina boosted its holdings in AGNC Investment by 9.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 286,578 shares of the real estate investment trust’s stock worth $2,811,000 after acquiring an additional 25,700 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in AGNC Investment by 39.3% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 92,160 shares of the real estate investment trust’s stock worth $904,000 after acquiring an additional 26,000 shares in the last quarter. Cibc World Markets Corp bought a new stake in AGNC Investment in the fourth quarter worth $2,182,000. Quadrature Capital Ltd bought a new stake in AGNC Investment in the fourth quarter worth $1,670,000. Finally, Penn Mutual Asset Management LLC bought a new stake in AGNC Investment in the fourth quarter worth $981,000. 38.28% of the stock is owned by institutional investors.

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).