AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.2%

AGNC Investment Corp. (NASDAQ:AGNC)’s share price fell 0.2% during trading on Thursday . The company traded as low as $9.62 and last traded at $9.65. 2,855,396 shares were traded during mid-day trading, a decline of 75% from the average session volume of 11,480,478 shares. The stock had previously closed at $9.67.

Analysts Set New Price Targets

AGNC has been the subject of several research reports. Janney Montgomery Scott assumed coverage on shares of AGNC Investment in a research note on Thursday, June 6th. They set a “buy” rating and a $10.50 price objective for the company. Jonestrading cut their price objective on AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.88.

AGNC Investment Stock Performance

The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $9.62 and its 200 day moving average price is $9.63. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 10.48 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. The business had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. During the same period last year, the business posted $0.70 earnings per share. Analysts forecast that AGNC Investment Corp. will post 2.14 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently disclosed a jun 24 dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be issued a $0.12 dividend. This represents a dividend yield of 14.8%. The ex-dividend date of this dividend is Friday, June 28th. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Insiders Place Their Bets

In other AGNC Investment news, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $9.40, for a total transaction of $50,760.00. Following the sale, the director now owns 111,827 shares in the company, valued at approximately $1,051,173.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Paul E. Mullings sold 5,400 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the sale, the director now directly owns 111,827 shares in the company, valued at approximately $1,051,173.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bernice Bell sold 3,500 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the transaction, the chief financial officer now directly owns 309,973 shares in the company, valued at approximately $2,888,948.36. The disclosure for this sale can be found here. Insiders have sold a total of 15,900 shares of company stock worth $149,030 in the last ninety days. 0.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. MeadowBrook Investment Advisors LLC acquired a new stake in shares of AGNC Investment during the fourth quarter worth about $30,000. Bruce G. Allen Investments LLC acquired a new position in shares of AGNC Investment in the fourth quarter valued at approximately $37,000. LRI Investments LLC purchased a new stake in shares of AGNC Investment during the first quarter worth approximately $38,000. Verity & Verity LLC acquired a new stake in shares of AGNC Investment during the first quarter worth $45,000. Finally, CENTRAL TRUST Co acquired a new position in AGNC Investment in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

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).