AGNC Investment (NASDAQ:AGNC) Trading Down 0.1%

Shares of AGNC Investment Corp. (NASDAQ:AGNC) dropped 0.1% during trading on Thursday . The company traded as low as $10.15 and last traded at $10.17. Approximately 3,216,006 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 12,497,819 shares. The stock had previously closed at $10.18.

Wall Street Analysts Forecast Growth

AGNC has been the subject of a number of recent analyst reports. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research note on Sunday. Royal Bank of Canada increased their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. increased their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods increased their target price on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, AGNC Investment has an average rating of “Hold” and an average price target of $10.13.

AGNC Investment Trading Up 0.5 %

The company has a market cap of $7.44 billion, a price-to-earnings ratio of 11.18 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. The firm has a fifty day moving average price of $10.11 and a 200 day moving average price of $9.78.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The company’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 EPS. As a group, equities analysts predict that AGNC Investment Corp. will post 2.11 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a aug 24 dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were issued a dividend of $0.12 per share. This represents a yield of 14.5%. The ex-dividend date of this dividend was Friday, August 30th. AGNC Investment’s dividend payout ratio is 158.24%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds have recently added to or reduced their stakes in AGNC. CIBC Asset Management Inc increased its position in AGNC Investment by 5.4% during the 2nd quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 1,012 shares during the period. Avantax Advisory Services Inc. increased its position in AGNC Investment by 6.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 1,059 shares during the period. Highlander Capital Management LLC increased its position in AGNC Investment by 8.1% during the 1st quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 1,200 shares during the period. Global Retirement Partners LLC increased its position in AGNC Investment by 12.3% during the 1st quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 1,238 shares during the period. Finally, Oak Thistle LLC increased its position in AGNC Investment by 4.9% during the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 1,251 shares during the period. 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).