AGNC Investment (NASDAQ:AGNC) Trading 0.2% Higher – Should You Buy?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded up 0.2% on Thursday . The company traded as high as $10.02 and last traded at $9.96. 6,477,031 shares were traded during trading, a decline of 51% from the average session volume of 13,202,197 shares. The stock had previously closed at $9.94.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $10.00 to $12.00 in a report on Friday, September 20th. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Maxim Group cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada boosted their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Trading Down 0.3 %

The stock has a 50-day moving average of $10.30 and a two-hundred day moving average of $9.93. The company has a market cap of $7.20 billion, a P/E ratio of 10.95 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The company had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. During the same quarter in the previous year, the business earned $0.65 earnings per share. On average, equities research analysts predict that AGNC Investment Corp. will post 2.11 earnings per share for the current year.

AGNC Investment Announces Dividend

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

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the sale, the chief financial officer now owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AGNC. Riverview Trust Co purchased a new stake in AGNC Investment in the third quarter worth approximately $25,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of AGNC Investment in the second quarter worth $31,000. Northwestern Mutual Wealth Management Co. increased its position in AGNC Investment by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,255 shares during the last quarter. Blue Trust Inc. lifted its holdings in AGNC Investment by 315.9% in the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,966 shares during the period. Finally, LRI Investments LLC purchased a new position in AGNC Investment in the first quarter worth about $38,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

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).