AGNC Investment (NASDAQ:AGNC) Shares Down 0.1%

AGNC Investment Corp. (NASDAQ:AGNC) was down 0.1% during trading on Wednesday . The company traded as low as $10.52 and last traded at $10.55. Approximately 2,253,219 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 12,563,070 shares. The stock had previously closed at $10.56.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AGNC shares. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Janney Montgomery Scott initiated coverage on shares of AGNC Investment in a report on Thursday, June 6th. They issued a “buy” rating and a $10.50 price target for the company. Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Finally, Royal Bank of Canada lifted their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.13.

AGNC Investment Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 11.59 and a beta of 1.47. The stock has a 50-day moving average price of $10.17 and a 200-day moving average price of $9.81.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $695.00 million for the quarter, compared to analyst estimates of $643.29 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The firm’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. As a group, analysts forecast that AGNC Investment Corp. will post 2.11 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a yield of 13.64%. AGNC Investment’s payout ratio is 158.24%.

Insider Activity

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total value of $49,850.00. Following the sale, the chief financial officer now owns 308,182 shares of the company’s stock, valued at approximately $3,072,574.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors have recently added to or reduced their stakes in AGNC. CIBC Asset Management Inc raised its holdings in AGNC Investment by 5.4% during the 2nd quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 1,012 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of 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 worth $167,000 after buying an additional 1,059 shares in the last quarter. Highlander Capital Management LLC grew its position in shares of 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 worth $158,000 after buying an additional 1,200 shares during the period. Oak Thistle LLC boosted its position in shares of AGNC Investment by 4.9% during the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock worth $256,000 after purchasing an additional 1,251 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in AGNC Investment by 52.2% in 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 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).