AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.2%

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded down 0.2% during mid-day trading on Thursday . The stock traded as low as $10.10 and last traded at $10.13. 2,049,627 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 12,441,273 shares. The stock had previously closed at $10.15.

Wall Street Analyst Weigh In

Several research firms recently commented on AGNC. Janney Montgomery Scott began coverage on shares of AGNC Investment in a research note on Thursday, June 6th. They set a “buy” rating and a $10.50 target price for the company. Maxim Group cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Royal Bank of Canada lifted their price objective on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. upped their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, AGNC Investment presently has an average rating of “Moderate Buy” and a consensus target price of $10.13.

AGNC Investment Price Performance

The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 11.13 and a beta of 1.48. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $9.96 and a 200 day moving average of $9.70.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a return on equity of 26.78% and a net margin of 16.15%. The company had revenue of $695.00 million for the quarter, compared to the consensus estimate of $643.29 million. During the same period in the prior year, the company earned $0.67 EPS. The firm’s revenue was up 52.1% on a year-over-year basis. Equities research analysts predict that AGNC Investment Corp. will post 2.11 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a aug 24 dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a yield of 14.5%. AGNC Investment’s payout ratio is presently 158.24%.

Insider Transactions at AGNC Investment

In other news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of 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 legal filing with the SEC, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

A number of large investors have recently bought and sold shares of the company. CIBC Asset Management Inc grew its stake in shares of AGNC Investment by 5.4% in the second quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 1,012 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of AGNC Investment by 6.7% during the first quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 1,059 shares in the last quarter. Highlander Capital Management LLC grew its position in 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 valued at $158,000 after purchasing an additional 1,200 shares during the period. Global Retirement Partners LLC raised its holdings in AGNC Investment by 12.3% during the first quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 1,238 shares during the last quarter. Finally, Oak Thistle LLC raised its holdings in shares of AGNC Investment by 4.9% in the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock worth $256,000 after acquiring an additional 1,251 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).