AGNC Investment (NASDAQ:AGNC) Shares Up 0.4%

AGNC Investment Corp. (NASDAQ:AGNC)’s share price shot up 0.4% on Friday . The company traded as high as $10.67 and last traded at $10.60. 5,277,091 shares were traded during trading, a decline of 58% from the average session volume of 12,658,183 shares. The stock had previously closed at $10.56.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AGNC. Janney Montgomery Scott began coverage on AGNC Investment in a research report on Thursday, June 6th. They issued a “buy” rating and a $10.50 target price on the stock. Compass Point increased their target price on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $10.00 to $12.00 in a report on Friday. Keefe, Bruyette & Woods increased their price target on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada raised their target price on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Stock Up 0.2 %

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 firm’s 50-day moving average price is $10.19 and its 200 day moving average price is $9.82. The firm has a market cap of $7.69 billion, a P/E ratio of 11.65 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The business had revenue of $695.00 million during the quarter, compared to the consensus estimate of $643.29 million. During the same period in the prior year, the business earned $0.67 EPS. The business’s revenue was up 52.1% on a year-over-year basis. On average, equities research analysts expect that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be issued a $0.12 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a yield of 13.61%. AGNC Investment’s dividend payout ratio is currently 158.24%.

Insider Activity

In related news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total transaction of $50,350.00. Following the transaction, the chief financial officer now owns 298,182 shares in the company, valued at $3,002,692.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its position in AGNC Investment by 5.4% in the second quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock worth $188,000 after buying an additional 1,012 shares during the last quarter. Avantax Advisory Services Inc. grew its position in AGNC Investment by 6.7% in the first 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 during the last quarter. Highlander Capital Management LLC grew its position in AGNC Investment by 8.1% in the first 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 last quarter. Oak Thistle LLC grew its position in AGNC Investment by 4.9% in the second quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 1,251 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in 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 worth $35,000 after purchasing an additional 1,255 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

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).