AGNC Investment (NASDAQ:AGNC) Trading 1.1% Higher

AGNC Investment Corp. (NASDAQ:AGNC) rose 1.1% during mid-day trading on Monday . The stock traded as high as $10.47 and last traded at $10.46. Approximately 6,255,856 shares were traded during trading, a decline of 50% from the average daily volume of 12,512,979 shares. The stock had previously closed at $10.35.

Analyst Ratings Changes

AGNC has been the topic of several analyst reports. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Compass Point raised their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Janney Montgomery Scott initiated coverage on shares of AGNC Investment in a report on Thursday, June 6th. They set a “buy” rating and a $10.50 price target for the company. Finally, Royal Bank of Canada raised their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.13.

AGNC Investment Stock Performance

The company’s 50-day moving average price is $10.14 and its 200 day moving average price is $9.79. The stock has a market capitalization of $7.63 billion, a PE ratio of 11.49 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.

AGNC Investment (NASDAQ:AGNC) last issued 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). AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The company had revenue of $695.00 million during the quarter, compared to analysts’ expectations of $643.29 million. During the same quarter last year, the business earned $0.67 earnings per share. The business’s quarterly revenue was up 52.1% on a year-over-year basis. On average, equities research analysts expect that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the sale, the chief financial officer now owns 298,182 shares in the company, valued at $3,002,692.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its stake in AGNC Investment by 13.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,319,163 shares of the real estate investment trust’s stock valued at $42,371,000 after acquiring an additional 500,145 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in AGNC Investment by 6.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 48,864 shares of the real estate investment trust’s stock valued at $479,000 after buying an additional 3,139 shares during the last quarter. Ieq Capital LLC purchased a new position in AGNC Investment during the 4th quarter valued at approximately $117,000. Foundations Investment Advisors LLC bought a new stake in AGNC Investment in the 4th quarter worth approximately $152,000. Finally, Brown Advisory Inc. bought a new position in shares of AGNC Investment during the 4th quarter valued at approximately $99,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

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).