AGNC Investment (NASDAQ:AGNC) Shares Down 3.4% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price dropped 3.4% on Wednesday . The stock traded as low as $9.15 and last traded at $9.20. Approximately 17,379,610 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 13,882,363 shares. The stock had previously closed at $9.52.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $10.00 to $12.00 in a report on Friday, September 20th. Keefe, Bruyette & Woods raised their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a report on Thursday, July 25th. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Finally, Maxim Group cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Price Performance

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 stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 6.39 and a beta of 1.47. The stock’s 50 day simple moving average is $10.20 and its 200-day simple moving average is $9.95.

AGNC Investment (NASDAQ:AGNC) last issued 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). AGNC Investment had a return on equity of 24.40% and a net margin of 42.19%. The firm had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. During the same quarter in the previous year, the firm posted $0.65 earnings per share. On average, analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

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 Transactions at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total transaction of $50,350.00. Following the transaction, the chief financial officer now owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Institutional investors and hedge funds have recently bought and sold shares of the business. Riverview Trust Co bought a new stake in AGNC Investment in the 3rd quarter valued at $25,000. Ashton Thomas Private Wealth LLC bought a new stake in AGNC Investment in the 2nd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. increased its holdings in AGNC Investment by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,255 shares during the period. Blue Trust Inc. increased its holdings in AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,966 shares during the period. Finally, LRI Investments LLC bought a new stake in AGNC Investment in the 1st quarter valued at $38,000. 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).