AGNC Investment (NASDAQ:AGNC) Trading Down 0.1%

AGNC Investment Corp. (NASDAQ:AGNCGet Free Report)’s stock price dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $9.68 and last traded at $9.71. 1,666,515 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 11,424,764 shares. The stock had previously closed at $9.72.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AGNC. Compass Point assumed coverage on AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 price target for the company. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Janney Montgomery Scott assumed coverage on shares of AGNC Investment in a report on Thursday. They set a “buy” rating and a $10.50 price target for the company. Keefe, Bruyette & Woods lowered their price objective on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Finally, StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.88.

Get Our Latest Analysis on AGNC

AGNC Investment Trading Down 0.8 %

The business has a 50 day simple moving average of $9.54 and a two-hundred day simple moving average of $9.54. The company has a market cap of $7.07 billion, a PE ratio of 10.69 and a beta of 1.47. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNCGet Free Report) last issued its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $642.00 million for the quarter, compared to analysts’ expectations of $568.38 million. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. During the same quarter last year, the firm earned $0.70 earnings per share. On average, analysts forecast that AGNC Investment Corp. will post 2.1 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently declared a may 24 dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Friday, May 31st will be given a dividend of $0.12 per share. The ex-dividend date is Friday, May 31st. This represents a yield of 14.9%. AGNC Investment’s dividend payout ratio (DPR) is 158.24%.

Insider Activity

In related news, CFO Bernice Bell sold 3,500 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the sale, the chief financial officer now directly owns 309,973 shares in the company, valued at approximately $2,888,948.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the sale, the chief financial officer now owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total transaction of $50,760.00. Following the completion of the transaction, the director now owns 111,827 shares of the company’s stock, valued at $1,051,173.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,900 shares of company stock valued at $149,030. Company insiders own 0.52% of the company’s stock.

Institutional Trading of AGNC Investment

A number of hedge funds and other institutional investors have recently modified their holdings of AGNC. Avantax Advisory Services Inc. boosted its stake in shares of AGNC Investment by 6.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,059 shares during the last quarter. Portside Wealth Group LLC grew its holdings in AGNC Investment by 8.8% during the 4th quarter. Portside Wealth Group LLC now owns 14,124 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 1,147 shares in the last quarter. Highlander Capital Management LLC increased its position in shares of AGNC Investment by 8.1% in the 1st quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 1,200 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of AGNC Investment by 12.3% in the 1st quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 1,238 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its stake in shares of AGNC Investment by 2.5% in the 4th quarter. Waterfront Wealth Inc. now owns 52,215 shares of the real estate investment trust’s stock valued at $512,000 after purchasing an additional 1,251 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

About AGNC Investment

(Get Free Report)

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).

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