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

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

Analyst Upgrades and Downgrades

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

AGNC Investment Trading Down 1.2 %

The business has a 50 day moving average of $9.62 and a two-hundred day moving average of $9.64. 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 has a market cap of $6.85 billion, a P/E ratio of 10.42 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. The firm had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same period in the prior year, the firm posted $0.70 EPS. Analysts predict that AGNC Investment Corp. will post 2.14 earnings per share for the current year.

AGNC Investment Dividend Announcement

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

Insider Buying and Selling at AGNC Investment

In other news, CFO Bernice Bell sold 3,500 shares of the stock in a transaction on Thursday, May 2nd. The stock was 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 of the company’s stock, valued at approximately $2,888,948.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Paul E. Mullings sold 5,400 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was 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 of the company’s stock, valued at $1,051,173.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bernice Bell sold 3,500 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 309,973 shares in the company, valued at $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 valued at $149,030 in the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in AGNC Investment by 3.7% in the first quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after purchasing an additional 2,368,658 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in AGNC Investment by 4.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,015,707 shares of the real estate investment trust’s stock valued at $79,355,000 after purchasing an additional 332,709 shares during the last quarter. Clearbridge Investments LLC raised its position in AGNC Investment by 1.1% in the fourth quarter. Clearbridge Investments LLC now owns 7,380,614 shares of the real estate investment trust’s stock valued at $72,404,000 after purchasing an additional 79,316 shares during the last quarter. Norges Bank bought a new position in AGNC Investment in the fourth quarter valued at about $69,215,000. Finally, Equity Investment Corp raised its position in shares of AGNC Investment by 16.2% during the first quarter. Equity Investment Corp now owns 6,870,571 shares of the real estate investment trust’s stock worth $68,019,000 after acquiring an additional 957,139 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).