AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.9%

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded up 0.9% on Monday . The stock traded as high as $9.87 and last traded at $9.85. 1,800,438 shares were traded during mid-day trading, a decline of 84% from the average session volume of 11,458,434 shares. The stock had previously closed at $9.76.

Analysts Set New Price Targets

A number of brokerages have weighed in on AGNC. 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 assumed coverage on shares of AGNC Investment in a research report on Thursday, June 6th. They set a “buy” rating and a $10.50 price objective on the stock. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Keefe, Bruyette & Woods decreased their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Finally, Jonestrading decreased their price target on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.88.

AGNC Investment Stock Performance

The firm has a fifty day simple moving average of $9.58 and a 200 day simple moving average of $9.63. The company has a market cap of $7.03 billion, a price-to-earnings ratio of 10.59 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. The firm had revenue of $642.00 million for the quarter, compared to analysts’ expectations of $568.38 million. During the same quarter in the previous year, the business posted $0.70 EPS. On average, sell-side analysts expect that AGNC Investment Corp. will post 2.14 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a jun 24 dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a yield of 14.8%. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Insiders Place Their Bets

In related news, Director Frances Spark sold 5,000 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the sale, the director now owns 75,545 shares of the company’s stock, valued at approximately $706,345.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Frances Spark sold 5,000 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the transaction, the director now directly owns 75,545 shares in the company, valued at approximately $706,345.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bernice Bell sold 3,500 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the transaction, the chief financial officer now owns 309,973 shares in the company, valued at $2,888,948.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,900 shares of company stock valued at $149,030. Insiders own 0.52% of the company’s stock.

Institutional Trading of AGNC Investment

A number of institutional investors and hedge funds have recently modified their holdings of the business. MeadowBrook Investment Advisors LLC purchased a new position in shares of AGNC Investment in the fourth quarter valued at about $30,000. Bruce G. Allen Investments LLC bought a new position in AGNC Investment in the fourth quarter worth approximately $37,000. LRI Investments LLC purchased a new stake in AGNC Investment during the first quarter worth $38,000. Verity & Verity LLC purchased a new stake in AGNC Investment during the first quarter worth $45,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of AGNC Investment during the 4th quarter valued at $46,000. 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).