AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.8% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC) was down 1.8% during trading on Monday . The company traded as low as $10.40 and last traded at $10.41. Approximately 2,286,908 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 12,935,970 shares. The stock had previously closed at $10.60.

Analysts Set New Price Targets

A number of research analysts have commented on AGNC shares. JPMorgan Chase & Co. boosted 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. Compass Point boosted their target price on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and a consensus price target of $10.33.

AGNC Investment Price Performance

The stock’s 50 day moving average price is $10.30 and its two-hundred day moving average price is $9.92. 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 firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 11.44 and a beta of 1.47.

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 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 firm had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. AGNC Investment’s quarterly revenue was up 52.1% compared to the same quarter last year. On average, equities research analysts anticipate that AGNC Investment Corp. will post 2.11 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a dividend of $0.12 per share. This represents a yield of 14%. The ex-dividend date of this dividend is Thursday, October 31st. AGNC Investment’s payout ratio is currently 158.24%.

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 298,182 shares in the company, valued at $3,002,692.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in AGNC Investment by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after purchasing an additional 2,368,658 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in AGNC Investment by 2.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock valued at $86,169,000 after buying an additional 189,444 shares during the period. Equity Investment Corp increased its holdings in AGNC Investment by 3.7% in the 2nd quarter. Equity Investment Corp now owns 7,124,392 shares of the real estate investment trust’s stock valued at $67,967,000 after buying an additional 253,821 shares during the period. Victory Capital Management Inc. increased its holdings in AGNC Investment by 1.0% in the 2nd quarter. Victory Capital Management Inc. now owns 5,316,724 shares of the real estate investment trust’s stock valued at $50,722,000 after buying an additional 54,153 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in AGNC Investment by 6.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 4,807,050 shares of the real estate investment trust’s stock valued at $45,860,000 after buying an additional 290,720 shares during the period. 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).