AGNC Investment (NASDAQ:AGNC) Trading Up 0.4%

AGNC Investment Corp. (NASDAQ:AGNC) shares traded up 0.4% during mid-day trading on Tuesday . The stock traded as high as $10.27 and last traded at $10.25. 3,913,589 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 12,476,199 shares. The stock had previously closed at $10.21.

Analysts Set New Price Targets

AGNC has been the subject of several recent research reports. Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Royal Bank of Canada increased their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Janney Montgomery Scott began coverage on shares of AGNC Investment in a report on Thursday, June 6th. They issued a “buy” rating and a $10.50 target price for the company. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Finally, StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Sunday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.13.

AGNC Investment Price Performance

The stock’s 50-day moving average is $10.11 and its 200-day moving average is $9.78. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01. The firm has a market cap of $7.40 billion, a P/E ratio of 11.19 and a beta of 1.47.

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

AGNC Investment Dividend Announcement

The firm also recently declared a aug 24 dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were paid 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 Activity

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of AGNC Investment 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 transaction, the chief financial officer now directly owns 298,182 shares of the company’s stock, valued at $3,002,692.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Large investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new stake in AGNC Investment in the 2nd quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of AGNC Investment by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of AGNC Investment in the first quarter valued at approximately $38,000. Verity & Verity LLC acquired a new position in AGNC Investment during the 1st quarter worth $45,000. Finally, Quarry LP boosted its position in AGNC Investment by 75.6% in the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 2,275 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

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).