AGNC Investment (NASDAQ:AGNC) Trading Up 1.2%

AGNC Investment Corp. (NASDAQ:AGNC) shares were up 1.2% on Friday . The stock traded as high as $10.24 and last traded at $10.22. Approximately 2,390,615 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 12,419,679 shares. The stock had previously closed at $10.10.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Compass Point lifted their price target on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Janney Montgomery Scott started coverage on AGNC Investment in a report on Thursday, June 6th. They issued a “buy” rating and a $10.50 price objective on the stock. Finally, Royal Bank of Canada lifted their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, AGNC Investment currently has an average rating of “Moderate Buy” and an average price target of $10.13.

AGNC Investment Stock Up 0.8 %

The company has a market cap of $7.40 billion, a P/E ratio of 11.23 and a beta of 1.48. The stock has a 50-day moving average of $9.97 and a 200 day moving average of $9.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28.

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

AGNC Investment Dividend Announcement

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

Insider Activity

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total transaction of $49,850.00. Following the completion of the transaction, the chief financial officer now owns 308,182 shares of the company’s stock, valued at $3,072,574.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate 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. CIBC Asset Management Inc grew its holdings in AGNC Investment by 5.4% during the 2nd quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 1,012 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in AGNC Investment by 6.7% in 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 purchasing an additional 1,059 shares during the period. Highlander Capital Management LLC raised its position in AGNC Investment by 8.1% during 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 lifted its holdings in AGNC Investment by 12.3% during the 1st 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 period. Finally, Oak Thistle LLC grew its position 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 valued at $256,000 after buying an additional 1,251 shares during the last quarter. 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).