AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s stock price was down 0.8% during mid-day trading on Thursday . The company traded as low as $9.72 and last traded at $9.73. Approximately 3,111,361 shares traded hands during trading, a decline of 73% from the average daily volume of 11,407,095 shares. The stock had previously closed at $9.81.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on AGNC shares. Keefe, Bruyette & Woods decreased their target price on AGNC Investment from $10.00 to $9.50 and set an "outperform" rating on the stock in a research report on Wednesday, April 24th. JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a research note on Thursday, April 18th. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research note on Tuesday, March 12th. Janney Montgomery Scott started coverage on AGNC Investment in a research note on Thursday. They issued a "buy" rating and a $10.50 target price for the company. Finally, Jonestrading cut their price objective on AGNC Investment from $10.75 to $10.25 and set a "buy" rating for the company in a research report on Tuesday, April 23rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $9.88.
Read Our Latest Research Report on AGNC
AGNC Investment Stock Down 0.8 %
The business has a 50-day moving average of $9.54 and a 200-day moving average of $9.54. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 10.69 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. The company had revenue of $642.00 million during the quarter, compared to analysts' expectations of $568.38 million. During the same period last year, the business posted $0.70 EPS. On average, sell-side analysts expect that AGNC Investment Corp. will post 2.1 EPS for the current year.
AGNC Investment Announces Dividend
The company also recently announced a may 24 dividend, which will be paid on Tuesday, June 11th. Investors of record on Friday, May 31st will be issued a dividend of $0.12 per share. This represents a yield of 14.9%. The ex-dividend date of this dividend is Friday, May 31st. AGNC Investment's dividend payout ratio (DPR) is 158.24%.
Insider Activity
In other news, CFO Bernice Bell sold 3,500 shares of AGNC Investment stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the completion of the transaction, the chief financial officer now owns 309,973 shares in the company, valued at approximately $2,888,948.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Frances Spark sold 5,000 shares of the firm's 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bernice Bell sold 3,500 shares of the firm's stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the sale, the chief financial officer now directly owns 309,973 shares in the company, valued at approximately $2,888,948.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,900 shares of company stock worth $149,030. 0.52% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On AGNC Investment
Hedge funds and other institutional investors have recently made changes to their positions in the business. Avantax Advisory Services Inc. increased its position in AGNC Investment by 6.7% during 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 period. Portside Wealth Group LLC increased its holdings in shares of AGNC Investment by 8.8% in the fourth quarter. Portside Wealth Group LLC now owns 14,124 shares of the real estate investment trust's stock valued at $139,000 after purchasing an additional 1,147 shares during the period. Highlander Capital Management LLC increased its holdings in shares of 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 valued at $158,000 after purchasing an additional 1,200 shares during the period. Global Retirement Partners LLC increased its holdings in shares of AGNC Investment by 12.3% in the first quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust's stock valued at $112,000 after purchasing an additional 1,238 shares during the period. Finally, Waterfront Wealth Inc. increased its holdings in shares of AGNC Investment by 2.5% in the fourth quarter. Waterfront Wealth Inc. now owns 52,215 shares of the real estate investment trust's stock valued at $512,000 after purchasing an additional 1,251 shares during the period. Institutional investors and hedge funds own 38.28% of the company's stock.
AGNC Investment Company Profile
(Get Free Report)
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).
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