AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.2%

Shares of AGNC Investment Corp. (NASDAQ:AGNC) dropped 1.2% on Tuesday . The stock traded as low as $10.26 and last traded at $10.33. Approximately 6,615,603 shares were traded during trading, a decline of 49% from the average daily volume of 12,921,857 shares. The stock had previously closed at $10.46.

Analyst Upgrades and Downgrades

AGNC has been the subject of several recent analyst reports. Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Royal Bank of Canada boosted their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, AGNC Investment currently has an average rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Price Performance

The stock’s 50-day moving average is $10.21 and its 200 day moving average is $9.86. The stock has a market capitalization of $7.47 billion, a PE ratio of 11.35 and a beta of 1.47. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last posted 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). The business had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. AGNC Investment’s revenue was up 52.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share. As a group, equities analysts predict that AGNC Investment Corp. will post 2.11 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently declared 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. This represents a $1.44 annualized dividend and a yield of 14.01%. The ex-dividend date of this dividend is Monday, September 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the sale, the chief financial officer now owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Several large investors have recently made changes to their positions in AGNC. Treasurer of the State of North Carolina grew its holdings in shares of AGNC Investment by 9.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 286,578 shares of the real estate investment trust’s stock worth $2,811,000 after purchasing an additional 25,700 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its position in AGNC Investment by 39.3% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 92,160 shares of the real estate investment trust’s stock worth $904,000 after buying an additional 26,000 shares in the last quarter. Cibc World Markets Corp acquired a new position in AGNC Investment during the 4th quarter worth about $2,182,000. Quadrature Capital Ltd acquired a new position in AGNC Investment during the 4th quarter worth about $1,670,000. Finally, Penn Mutual Asset Management LLC acquired a new position in AGNC Investment during the 4th quarter worth about $981,000. 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).