AGNC Investment (NASDAQ:AGNC) Hits New 1-Year High at $10.58

Shares of AGNC Investment Corp. (NASDAQ:AGNC) reached a new 52-week high during trading on Tuesday . The stock traded as high as $10.58 and last traded at $10.58, with a volume of 67377 shares changing hands. The stock had previously closed at $10.55.

Wall Street Analysts Forecast Growth

AGNC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Royal Bank of Canada upped their target price 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. Finally, StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, AGNC Investment presently has an average rating of “Moderate Buy” and an average price target of $10.13.

AGNC Investment Stock Up 0.9 %

The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 11.71 and a beta of 1.47. The firm’s 50-day moving average is $10.17 and its 200 day moving average is $9.81. 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 issued its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share 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 firm had revenue of $695.00 million during the quarter, compared to analysts’ expectations of $643.29 million. During the same period last year, the business posted $0.67 earnings per share. The company’s quarterly revenue was up 52.1% compared to the same quarter last year. Sell-side analysts anticipate that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm 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 of this dividend is Monday, September 30th. This represents a $1.44 annualized dividend and a yield of 13.51%. AGNC Investment’s dividend payout ratio is currently 158.24%.

Insider Transactions at AGNC Investment

In other news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total transaction of $49,850.00. Following the completion of the sale, the chief financial officer now owns 308,182 shares of the company’s stock, valued at $3,072,574.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.52% of the company’s stock.

Institutional Trading of AGNC Investment

Several institutional investors and hedge funds have recently bought and sold shares of AGNC. Sanctuary Advisors LLC acquired a new stake in shares of AGNC Investment during the 2nd quarter valued at approximately $365,000. New Wave Wealth Advisors LLC bought a new stake in AGNC Investment during the second quarter valued at $165,000. Founders Financial Alliance LLC raised its holdings in shares of AGNC Investment by 33.4% during the second quarter. Founders Financial Alliance LLC now owns 117,124 shares of the real estate investment trust’s stock worth $1,117,000 after purchasing an additional 29,339 shares during the period. PVG Asset Management Corp bought a new position in shares of AGNC Investment in the 2nd quarter worth about $368,000. Finally, Cetera Investment Advisers boosted its holdings in shares of AGNC Investment by 1.9% in the 2nd quarter. Cetera Investment Advisers now owns 330,181 shares of the real estate investment trust’s stock valued at $3,150,000 after buying an additional 6,070 shares during the period. Institutional investors and hedge funds 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).