AGNC Investment (NASDAQ:AGNC) Shares Down 0.1%

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded down 0.1% during trading on Thursday . The company traded as low as $10.15 and last traded at $10.17. 3,216,006 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 12,497,819 shares. The stock had previously closed at $10.18.

Analysts Set New Price Targets

AGNC has been the topic of several research analyst reports. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research note on Sunday, September 8th. Royal Bank of Canada boosted 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. Keefe, Bruyette & Woods boosted their target price on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.13.

AGNC Investment Stock Up 1.2 %

The company has a 50 day moving average price of $10.14 and a two-hundred day moving average price of $9.79. 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 stock has a market cap of $8.10 billion, a PE ratio of 11.37 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly 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). The business had revenue of $695.00 million during the quarter, compared to analysts’ expectations of $643.29 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The firm’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. Analysts expect that AGNC Investment Corp. will post 2.11 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a aug 24 dividend, which was paid on Wednesday, September 11th. Investors of record on Friday, August 30th were given a dividend of $0.12 per share. This represents a yield of 14.5%. The ex-dividend date was Friday, August 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the sale, the chief financial officer now owns 298,182 shares in the company, valued at $3,002,692.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

A number of hedge funds have recently made changes to their positions in AGNC. International Assets Investment Management LLC boosted its stake in shares of AGNC Investment by 17.7% in the fourth quarter. International Assets Investment Management LLC now owns 81,413 shares of the real estate investment trust’s stock worth $799,000 after acquiring an additional 12,228 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in AGNC Investment by 13.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,319,163 shares of the real estate investment trust’s stock valued at $42,371,000 after buying an additional 500,145 shares during the last quarter. Principal Securities Inc. bought a new position in AGNC Investment during the fourth quarter valued at approximately $216,000. Envestnet Portfolio Solutions Inc. boosted its stake in AGNC Investment by 6.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 48,864 shares of the real estate investment trust’s stock valued at $479,000 after buying an additional 3,139 shares during the last quarter. Finally, Ieq Capital LLC bought a new position in AGNC Investment during the fourth quarter valued at approximately $117,000. Institutional investors 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).