AGNC Investment (NASDAQ:AGNC) Shares Down 0.4%

Shares of AGNC Investment Corp. (NASDAQ:AGNC) traded down 0.4% during trading on Wednesday . The company traded as low as $9.83 and last traded at $9.84. 2,726,197 shares changed hands during trading, a decline of 76% from the average session volume of 11,488,542 shares. The stock had previously closed at $9.88.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods cut their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Jonestrading cut their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, Royal Bank of Canada cut their target price on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $9.79.

AGNC Investment Stock Performance

The company has a market cap of $7.10 billion, a PE ratio of 10.81 and a beta of 1.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. The firm’s 50 day moving average is $9.55 and its 200-day moving average is $9.46.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. During the same quarter in the prior year, the company earned $0.70 EPS. On average, research analysts anticipate that AGNC Investment Corp. will post 2.1 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a may 24 dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Friday, May 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a yield of 14.9%. AGNC Investment’s payout ratio is 158.24%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the transaction, the director now directly owns 111,827 shares in the company, valued at approximately $1,051,173.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other AGNC Investment news, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the transaction, the director now directly owns 111,827 shares in the company, valued at approximately $1,051,173.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bernice Bell sold 3,500 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of the transaction, the chief financial officer now owns 309,973 shares in the company, valued at $2,888,948.36. The disclosure for this sale can be found here. Insiders have sold 15,900 shares of company stock worth $149,030 in the last ninety days. 0.43% of the stock is owned by insiders.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently made changes to their positions in AGNC. Norges Bank acquired a new position in shares of AGNC Investment in the 4th quarter worth approximately $69,215,000. Vanguard Group Inc. lifted its holdings in AGNC Investment by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock worth $621,628,000 after buying an additional 6,019,268 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in AGNC Investment during the 4th quarter worth approximately $38,593,000. Clearbridge Investments LLC lifted its holdings in AGNC Investment by 85.6% during the 3rd quarter. Clearbridge Investments LLC now owns 7,301,298 shares of the real estate investment trust’s stock worth $68,924,000 after buying an additional 3,367,112 shares in the last quarter. Finally, GRS Advisors LLC acquired a new stake in AGNC Investment during the 4th quarter worth approximately $32,509,000. 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).