AGNC Investment (NASDAQ:AGNC) Trading Down 0.6%

AGNC Investment Corp. (NASDAQ:AGNC) was down 0.6% during trading on Friday . The company traded as low as $9.55 and last traded at $9.58. Approximately 2,491,295 shares were traded during trading, a decline of 78% from the average daily volume of 11,496,758 shares. The stock had previously closed at $9.64.

Wall Street Analyst Weigh In

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

AGNC Investment Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $6.93 billion, a P/E ratio of 10.48 and a beta of 1.47. The company’s 50 day simple moving average is $9.62 and its 200 day simple moving average is $9.64.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. During the same quarter in the prior year, the company posted $0.70 earnings per share. As a group, equities analysts forecast that AGNC Investment Corp. will post 2.14 earnings per share for the current year.

AGNC Investment Dividend Announcement

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

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director Paul E. Mullings sold 5,400 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the transaction, the director now directly owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Bernice Bell sold 3,500 shares of AGNC Investment stock in a transaction on 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 owns 309,973 shares in the company, valued at approximately $2,888,948.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul E. Mullings sold 5,400 shares of AGNC Investment stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total transaction of $50,760.00. Following the completion of the sale, the director now owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. 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. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of AGNC Investment

Several hedge funds have recently modified their holdings of the stock. Avantax Advisory Services Inc. increased its stake in AGNC Investment by 6.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 1,059 shares in the last quarter. Portside Wealth Group LLC increased its stake in AGNC Investment by 8.8% during the 4th quarter. Portside Wealth Group LLC now owns 14,124 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 1,147 shares in the last quarter. Highlander Capital Management LLC increased its stake in AGNC Investment by 8.1% during the 1st quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 1,200 shares in the last quarter. Global Retirement Partners LLC increased its stake in AGNC Investment by 12.3% during the 1st quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 1,238 shares in the last quarter. Finally, Waterfront Wealth Inc. increased its stake in AGNC Investment by 2.5% during the 4th quarter. Waterfront Wealth Inc. now owns 52,215 shares of the real estate investment trust’s stock valued at $512,000 after purchasing an additional 1,251 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).