AGNC Investment (NASDAQ:AGNC) Stock Price Up 1%

AGNC Investment Corp. (NASDAQ:AGNC)’s share price rose 1% during mid-day trading on Wednesday . The stock traded as high as $9.11 and last traded at $9.05. Approximately 2,040,477 shares were traded during trading, a decline of 83% from the average daily volume of 11,660,401 shares. The stock had previously closed at $8.96.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AGNC shares. Compass Point started coverage on shares of AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 price objective on the stock. Royal Bank of Canada cut their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday. Barclays raised their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, January 22nd. Finally, StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.93.

AGNC Investment Price Performance

The company has a market cap of $6.32 billion, a PE ratio of 906.91 and a beta of 1.45. The business’s 50 day moving average price is $9.56 and its 200-day moving average price is $9.25. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. AGNC Investment had a net margin of 7.59% and a return on equity of 28.02%. The company had revenue of $640.00 million for the quarter, compared to analyst estimates of $570.42 million. During the same quarter last year, the firm posted $0.74 earnings per share. As a group, analysts forecast that AGNC Investment Corp. will post 2.16 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.12 per share. This represents a dividend yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment’s payout ratio is currently 14,414.41%.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 10,000 shares of AGNC Investment stock in a transaction on Friday, January 26th. The shares were sold at an average price of $9.85, for a total value of $98,500.00. Following the completion of the transaction, the chief financial officer now owns 287,282 shares of the company’s stock, valued at $2,829,727.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in AGNC Investment by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock worth $621,628,000 after acquiring an additional 6,019,268 shares in the last quarter. BlackRock Inc. increased its stake in AGNC Investment by 1.6% in the 1st quarter. BlackRock Inc. now owns 33,303,058 shares of the real estate investment trust’s stock worth $335,695,000 after purchasing an additional 523,955 shares in the last quarter. State Street Corp increased its stake in AGNC Investment by 2.7% in the 2nd quarter. State Street Corp now owns 15,338,384 shares of the real estate investment trust’s stock worth $157,098,000 after purchasing an additional 402,771 shares in the last quarter. Geode Capital Management LLC increased its stake in AGNC Investment by 3.5% in the 1st quarter. Geode Capital Management LLC now owns 8,438,287 shares of the real estate investment trust’s stock worth $85,058,000 after purchasing an additional 287,134 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in AGNC Investment by 4.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,015,707 shares of the real estate investment trust’s stock worth $79,355,000 after purchasing an additional 332,709 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

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).