AGNC Investment (NASDAQ:AGNC) Trading Up 0.8% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s share price was up 0.8% on Thursday . The company traded as high as $10.29 and last traded at $10.27. Approximately 6,028,772 shares were traded during trading, a decline of 68% from the average daily volume of 19,000,322 shares. The stock had previously closed at $10.18.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AGNC shares. Wells Fargo & Company lowered their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. Keefe, Bruyette & Woods decreased their price target on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Finally, Argus upgraded shares of AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Stock Up 1.3 %

The company has a market capitalization of $9.14 billion, a PE ratio of 10.63 and a beta of 1.48. The company’s 50 day moving average is $9.60 and its two-hundred day moving average is $9.89. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. On average, analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a jan 25 dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a $0.12 dividend. The ex-dividend date was Friday, January 31st. This represents a dividend yield of 15.5%. AGNC Investment’s dividend payout ratio (DPR) is presently 148.46%.

Insider Transactions at AGNC Investment

In other news, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the sale, the director now owns 75,919 shares in the company, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently made changes to their positions in the company. Covestor Ltd lifted its stake in shares of AGNC Investment by 19.4% in the 4th quarter. Covestor Ltd now owns 9,166 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 1,489 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of AGNC Investment by 10.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 357,702 shares of the real estate investment trust’s stock valued at $3,294,000 after purchasing an additional 35,130 shares during the period. Raymond James Financial Inc. acquired a new position in AGNC Investment during the fourth quarter worth $39,840,000. Advisory Services Network LLC raised its position in AGNC Investment by 2.9% during the fourth quarter. Advisory Services Network LLC now owns 46,399 shares of the real estate investment trust’s stock worth $427,000 after acquiring an additional 1,303 shares during the period. Finally, Invesco Ltd. raised its position in AGNC Investment by 0.7% during the fourth quarter. Invesco Ltd. now owns 2,248,375 shares of the real estate investment trust’s stock worth $20,708,000 after acquiring an additional 16,266 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).