AGNC Investment (NASDAQ:AGNC) Trading Down 2.2%

AGNC Investment Corp. (NASDAQ:AGNC) fell 2.2% on Monday . The company traded as low as $9.53 and last traded at $9.84. 13,753,603 shares were traded during mid-day trading, an increase of 10% from the average session volume of 12,473,947 shares. The stock had previously closed at $10.06.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AGNC. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Jonestrading lowered their price target on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Compass Point boosted their price target on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Finally, Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, AGNC Investment currently has a consensus rating of “Hold” and an average price target of $10.00.

AGNC Investment Price Performance

The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 10.93 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28. The business has a fifty day moving average price of $9.88 and a 200 day moving average price of $9.67.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The business had revenue of $695.00 million for 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 26.78%. AGNC Investment’s revenue for the quarter was up 52.1% on a year-over-year basis. During the same period last year, the business posted $0.67 earnings per share. On average, research analysts expect that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced a jul 24 dividend, which will be paid on Friday, August 9th. Investors of record on Wednesday, July 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, July 31st. This represents a yield of 13.8%. AGNC Investment’s dividend payout ratio is currently 158.24%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. CIBC Asset Management Inc boosted its stake in AGNC Investment by 5.4% during the second quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 1,012 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake 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 valued at $167,000 after buying an additional 1,059 shares in the last quarter. Highlander Capital Management LLC boosted its stake in AGNC Investment by 8.1% during 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 buying an additional 1,200 shares in the last quarter. Global Retirement Partners LLC boosted its stake in AGNC Investment by 12.3% during 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 buying an additional 1,238 shares in the last quarter. Finally, Waterfront Wealth Inc. boosted its position in shares of AGNC Investment by 2.5% in the 4th 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 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).