AGNC Investment (NASDAQ:AGNC) Trading Down 1.3% – Should You Sell?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price fell 1.3% during mid-day trading on Tuesday . The company traded as low as $9.39 and last traded at $9.51. 13,000,828 shares changed hands during trading, a decline of 4% from the average session volume of 13,478,723 shares. The stock had previously closed at $9.64.

Analyst Ratings Changes

Several equities research analysts have recently commented on AGNC shares. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $10.00 to $12.00 in a report on Friday, September 20th. Keefe, Bruyette & Woods lifted their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Compass Point upped their price target on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada raised their price objective on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Stock Down 2.7 %

The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 6.52 and a beta of 1.47. The firm has a 50-day moving average of $10.27 and a 200 day moving average of $9.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. During the same period in the previous year, the firm posted $0.65 EPS. As a group, sell-side analysts forecast that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently declared a oct 24 dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, October 31st. This represents a yield of 14%. AGNC Investment’s payout ratio is currently 100.00%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business’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 completion of the sale, the chief financial officer now owns 298,182 shares of the company’s stock, valued at $3,002,692.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently made changes to their positions in AGNC. Riverview Trust Co acquired a new stake in AGNC Investment in the third quarter valued at about $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of AGNC Investment in the 2nd quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of AGNC Investment by 52.2% during the 2nd 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 during the last quarter. Blue Trust Inc. boosted its position in AGNC Investment by 315.9% in the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,966 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in shares of AGNC Investment during the first quarter worth $38,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).