AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.6%

AGNC Investment Corp. (NASDAQ:AGNC) was down 0.6% during mid-day trading on Monday . The company traded as low as $9.48 and last traded at $9.48. Approximately 2,975,189 shares changed hands during trading, a decline of 74% from the average daily volume of 11,502,216 shares. The stock had previously closed at $9.54.

Wall Street Analyst Weigh In

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

AGNC Investment Trading Down 1.2 %

The company’s 50-day moving average price is $9.62 and its 200-day moving average price is $9.64. 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 has a market capitalization of $6.85 billion, a PE ratio of 10.42 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC) last announced 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 net margin of 32.12% and a return on equity of 27.14%. The firm had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same period last year, the business earned $0.70 EPS. On average, sell-side analysts expect that AGNC Investment Corp. will post 2.14 earnings per share for the current year.

AGNC Investment Announces Dividend

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

Insider Buying and Selling

In related news, CFO Bernice Bell sold 3,500 shares of AGNC Investment stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00. Following the sale, the chief financial officer now directly owns 309,973 shares in the company, valued at approximately $2,888,948.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of AGNC Investment 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 transaction, the chief financial officer now directly owns 309,973 shares in the company, valued at $2,888,948.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total transaction of $46,750.00. Following the completion of the transaction, the director now owns 75,545 shares in the company, valued at $706,345.75. 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 corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AGNC. MeadowBrook Investment Advisors LLC acquired a new position in shares of AGNC Investment during the fourth quarter worth about $30,000. Bruce G. Allen Investments LLC purchased a new stake in AGNC Investment during the fourth quarter worth about $37,000. LRI Investments LLC purchased a new stake in AGNC Investment during the first quarter worth about $38,000. Verity & Verity LLC purchased a new stake in AGNC Investment during the first quarter worth about $45,000. Finally, CENTRAL TRUST Co purchased a new stake in AGNC Investment during the fourth quarter worth about $46,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).