AGNC Investment (NASDAQ:AGNC) Trading 0.1% Higher – Time to Buy?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded up 0.1% during trading on Thursday . The stock traded as high as $10.50 and last traded at $10.49. 3,017,121 shares changed hands during trading, a decline of 84% from the average session volume of 18,892,920 shares. The stock had previously closed at $10.47.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Argus raised shares of AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. Wells Fargo & Company cut their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $11.00 price objective on shares of AGNC Investment in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. reduced their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Stock Performance

The stock’s 50-day moving average price is $9.68 and its 200 day moving average price is $9.90. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The company has a market cap of $9.29 billion, a P/E ratio of 10.82 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. As a group, research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently disclosed a feb 25 dividend, which will be paid on Tuesday, March 11th. Investors of record on Friday, February 28th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 13.8%. AGNC Investment’s dividend payout ratio is presently 148.46%.

Insider Buying and Selling at AGNC Investment

In other news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Institutional investors and hedge funds have recently bought and sold shares of the business. Fourth Dimension Wealth LLC acquired a new stake in shares of AGNC Investment during the 4th quarter valued at about $26,000. Financial Life Planners acquired a new stake in AGNC Investment during the fourth quarter valued at approximately $28,000. Point72 Asset Management L.P. bought a new stake in shares of AGNC Investment in the 3rd quarter valued at approximately $32,000. National Bank of Canada FI raised its holdings in shares of AGNC Investment by 112.7% in the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 1,832 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 2,966 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

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).