AGNC Investment (NASDAQ:AGNC) Trading 0% Higher – What’s Next?

Shares of AGNC Investment Corp. (NASDAQ:AGNC) rose 0% during trading on Wednesday . The stock traded as high as $10.52 and last traded at $10.50. Approximately 5,654,002 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 19,035,227 shares. The stock had previously closed at $10.49.

Analyst Upgrades and Downgrades

AGNC has been the subject of several analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. Argus upgraded AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $11.00 target price on shares of AGNC Investment in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, AGNC Investment currently has an average rating of “Moderate Buy” and an average price target of $10.50.

AGNC Investment Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 10.87 and a beta of 1.48. The business has a fifty day moving average price of $9.72 and a 200 day moving average price of $9.91.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. As a group, research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a feb 25 dividend, which will be paid on Tuesday, March 11th. Investors of record on Friday, February 28th will be paid a $0.12 dividend. This represents a yield of 13.8%. The ex-dividend date of this dividend is Friday, February 28th. AGNC Investment’s payout ratio is 148.45%.

Insiders Place Their Bets

In other news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the sale, the director now directly owns 75,919 shares of the company’s stock, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently modified their holdings of AGNC. Vanguard Group Inc. increased its holdings in AGNC Investment by 14.1% in the fourth quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust’s stock valued at $767,348,000 after purchasing an additional 10,316,999 shares during the period. Geode Capital Management LLC increased its stake in shares of AGNC Investment by 18.8% in the fourth quarter. Geode Capital Management LLC now owns 14,614,721 shares of the real estate investment trust’s stock valued at $134,645,000 after buying an additional 2,311,105 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of AGNC Investment by 200.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock worth $151,113,000 after acquiring an additional 9,639,675 shares during the last quarter. Norges Bank acquired a new position in shares of AGNC Investment in the fourth quarter worth approximately $87,269,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of AGNC Investment by 5.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust’s stock worth $80,392,000 after acquiring an additional 424,990 shares during the period. 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).