AGNC Investment (NASDAQ:AGNC) Shares Down 1.1%

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price was down 1.1% during mid-day trading on Monday . The company traded as low as $10.36 and last traded at $10.41. Approximately 3,161,475 shares changed hands during trading, a decline of 75% from the average daily volume of 12,901,267 shares. The stock had previously closed at $10.53.

Analysts Set New Price Targets

A number of equities analysts have commented on AGNC shares. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $10.00 to $12.00 in a report on Friday, September 20th. Royal Bank of Canada raised their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Compass Point boosted their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Stock Performance

The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01. The firm has a market cap of $7.62 billion, a P/E ratio of 11.44 and a beta of 1.47. The business has a fifty day simple moving average of $10.20 and a 200-day simple moving average of $9.85.

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

AGNC Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 13.74%. AGNC Investment’s dividend payout ratio is currently 158.24%.

Insider Activity at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the sale, the chief financial officer now directly 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 is available at this hyperlink. 0.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Several institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in shares of AGNC Investment during the 2nd quarter valued at $365,000. New Wave Wealth Advisors LLC purchased a new position in AGNC Investment in the second quarter worth about $165,000. Founders Financial Alliance LLC grew its stake in shares of AGNC Investment by 33.4% during the 2nd quarter. Founders Financial Alliance LLC now owns 117,124 shares of the real estate investment trust’s stock valued at $1,117,000 after purchasing an additional 29,339 shares during the period. PVG Asset Management Corp purchased a new stake in shares of AGNC Investment during the 2nd quarter valued at about $368,000. Finally, Cetera Investment Advisers lifted its stake in shares of AGNC Investment by 1.9% in the 2nd quarter. Cetera Investment Advisers now owns 330,181 shares of the real estate investment trust’s stock worth $3,150,000 after purchasing an additional 6,070 shares during the period. 38.28% of the stock is owned by hedge funds and other 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).