AGNC Investment (NASDAQ:AGNC) Trading Down 2.4% – Time to Sell?

AGNC Investment Corp. (NASDAQ:AGNC) shares were down 2.4% on Thursday . The stock traded as low as $9.34 and last traded at $9.38. Approximately 6,285,880 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 13,679,171 shares. The stock had previously closed at $9.61.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $10.00 to $12.00 in a report on Friday, September 20th. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Finally, StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.

AGNC Investment Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 6.47 and a beta of 1.47. The business’s 50 day moving average is $10.25 and its 200 day moving average is $9.93.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The company had revenue of $756.00 million for the quarter, compared to analysts’ expectations of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 24.40%. During the same period last year, the firm earned $0.65 earnings per share. Sell-side analysts anticipate that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $0.12 dividend. This represents a dividend yield of 14%. The ex-dividend date of this dividend is Thursday, October 31st. AGNC Investment’s payout ratio is 100.00%.

Insider Activity at AGNC Investment

In other news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total value of $49,850.00. Following the sale, the chief financial officer now owns 308,182 shares in the company, valued at $3,072,574.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by insiders.

Institutional Trading of AGNC Investment

Hedge funds have recently modified their holdings of the stock. Atria Investments Inc lifted its holdings in AGNC Investment by 5.4% in the third quarter. Atria Investments Inc now owns 30,506 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 1,564 shares during the period. Hollencrest Capital Management lifted its stake in shares of AGNC Investment by 0.6% in the 3rd quarter. Hollencrest Capital Management now owns 222,450 shares of the real estate investment trust’s stock valued at $2,327,000 after purchasing an additional 1,290 shares during the period. AIA Group Ltd boosted its holdings in AGNC Investment by 289.0% during the third quarter. AIA Group Ltd now owns 141,554 shares of the real estate investment trust’s stock worth $1,481,000 after buying an additional 105,167 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in AGNC Investment during the third quarter valued at $126,000. Finally, Portside Wealth Group LLC increased its holdings in AGNC Investment by 11.8% in the third quarter. Portside Wealth Group LLC now owns 20,562 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 2,164 shares in the last quarter. 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).