AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.5%

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded down 0.5% during mid-day trading on Monday . The company traded as low as $10.42 and last traded at $10.44. 4,488,833 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 12,737,905 shares. The stock had previously closed at $10.49.

Analyst Ratings Changes

AGNC has been the topic of several research analyst reports. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. JPMorgan Chase & Co. raised their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Compass Point increased their price objective on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Maxim Group cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $10.00 to $12.00 in a research note on Friday. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Trading Down 1.3 %

The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 11.47 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The company has a 50 day moving average price of $10.19 and a 200 day moving average price of $9.83.

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

AGNC Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 13.91%. The ex-dividend date of this dividend is Monday, September 30th. AGNC Investment’s dividend payout ratio (DPR) is 158.24%.

Insiders Place Their Bets

In other news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction 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 owns 298,182 shares of the company’s stock, valued at $3,002,692.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Institutional investors and hedge funds have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in AGNC Investment during the second quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of AGNC Investment by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,255 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of AGNC Investment during the first quarter worth about $38,000. Quarry LP lifted its holdings in shares of AGNC Investment by 75.6% in the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 2,275 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of AGNC Investment in the 1st quarter valued at about $53,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

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).