AGNC Investment (NASDAQ:AGNC) Shares Down 0.3%

AGNC Investment Corp. (NASDAQ:AGNC)’s share price fell 0.3% during trading on Friday . The company traded as low as $10.21 and last traded at $10.22. 2,646,803 shares traded hands during trading, a decline of 79% from the average session volume of 12,459,306 shares. The stock had previously closed at $10.25.

Analyst Ratings Changes

AGNC has been the topic of several research reports. Compass Point raised their target price on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Keefe, Bruyette & Woods increased their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Finally, Janney Montgomery Scott assumed coverage on AGNC Investment in a report on Thursday, June 6th. They issued a “buy” rating and a $10.50 target price on the stock. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.13.

AGNC Investment Stock Down 0.3 %

The firm has a market capitalization of $7.43 billion, a PE ratio of 11.23 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. The company has a 50-day moving average price of $10.06 and a 200 day moving average price of $9.76.

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

AGNC Investment Announces Dividend

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 paid 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 158.24%.

Insider Activity

In related news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the transaction, 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 available at the SEC website. Company 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 stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of AGNC Investment during the 2nd quarter worth about $31,000. Northwestern Mutual Wealth Management Co. lifted its stake in AGNC Investment by 52.2% in 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 purchased a new position in shares of AGNC Investment during the first quarter valued at approximately $38,000. Verity & Verity LLC bought a new position in shares of AGNC Investment during the first quarter valued at approximately $45,000. Finally, Quarry LP raised its holdings in shares of AGNC Investment by 75.6% in the second quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 2,275 shares during the period. Hedge funds and other 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).