AGNC Investment (NASDAQ:AGNC) Shares Up 0.7%

AGNC Investment Corp. (NASDAQ:AGNC) was up 0.7% during trading on Tuesday . The company traded as high as $10.05 and last traded at $10.02. Approximately 2,328,563 shares traded hands during trading, a decline of 81% from the average daily volume of 12,524,427 shares. The stock had previously closed at $9.95.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AGNC shares. Keefe, Bruyette & Woods boosted their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Finally, Jonestrading decreased their price objective on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, AGNC Investment presently has an average rating of “Hold” and a consensus price target of $10.00.

AGNC Investment Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $7.27 billion, a P/E ratio of 11.01 and a beta of 1.48. The business has a fifty day moving average of $9.91 and a 200-day moving average of $9.68.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a return on equity of 26.78% and a net margin of 16.15%. The business had revenue of $695.00 million during the quarter, compared to the consensus estimate of $643.29 million. During the same period in the previous year, the company posted $0.67 EPS. The company’s revenue for the quarter was up 52.1% compared to the same quarter last year. On average, sell-side analysts forecast that AGNC Investment Corp. will post 2.11 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a aug 24 dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, August 30th. This represents a yield of 14.5%. AGNC Investment’s payout ratio is 158.24%.

Insider Transactions at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the transaction, the chief financial officer now directly owns 298,182 shares in the company, valued at approximately $3,002,692.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AGNC. Norges Bank acquired a new stake in AGNC Investment in the 4th quarter worth approximately $69,215,000. Vanguard Group Inc. grew its stake in AGNC Investment by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock valued at $621,628,000 after buying an additional 6,019,268 shares during the last quarter. GRS Advisors LLC bought a new position in AGNC Investment in the 4th quarter worth $32,509,000. Victory Capital Management Inc. lifted its position in AGNC Investment by 150.5% during the 4th quarter. Victory Capital Management Inc. now owns 5,175,807 shares of the real estate investment trust’s stock worth $50,775,000 after acquiring an additional 3,109,966 shares during the last quarter. Finally, Dupree Financial Group LLC bought a new stake in AGNC Investment during the fourth quarter valued at about $21,370,000. Institutional investors and hedge funds 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).