Paul E. Mullings Sells 5,400 Shares of AGNC Investment Corp. (NASDAQ:AGNC) Stock

AGNC Investment Corp. (NASDAQ:AGNC) Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total transaction of $50,760.00. Following the sale, the director now directly owns 111,827 shares in the company, valued at approximately $1,051,173.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AGNC Investment Trading Down 0.2 %

AGNC opened at $9.52 on Wednesday. AGNC Investment Corp. has a twelve month low of $6.81 and a twelve month high of $10.64. The company has a fifty day moving average of $9.52 and a 200-day moving average of $9.30. The stock has a market cap of $6.62 billion, a PE ratio of 10.46 and a beta of 1.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. The firm had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. During the same period last year, the business posted $0.70 EPS. On average, sell-side analysts predict that AGNC Investment Corp. will post 2.1 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.12 per share. This represents a dividend yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment’s payout ratio is 158.24%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AGNC shares. Barclays boosted their price objective on AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, January 22nd. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Jonestrading dropped their price target on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Finally, Compass Point assumed coverage on AGNC Investment in a report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price objective for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, AGNC Investment currently has an average rating of “Moderate Buy” and a consensus price target of $9.79.

Institutional Trading of AGNC Investment

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in AGNC Investment by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock valued at $621,628,000 after purchasing an additional 6,019,268 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of AGNC Investment by 4.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,015,707 shares of the real estate investment trust’s stock valued at $79,355,000 after buying an additional 332,709 shares during the period. Clearbridge Investments LLC raised its stake in AGNC Investment by 1.1% during the 4th quarter. Clearbridge Investments LLC now owns 7,380,614 shares of the real estate investment trust’s stock worth $72,404,000 after buying an additional 79,316 shares during the period. Norges Bank acquired a new position in AGNC Investment during the 4th quarter worth approximately $69,215,000. Finally, Equity Investment Corp grew its stake in AGNC Investment by 16.2% in the first quarter. Equity Investment Corp now owns 6,870,571 shares of the real estate investment trust’s stock valued at $68,019,000 after acquiring an additional 957,139 shares during the period. Institutional investors own 38.28% of the company’s stock.

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).