AGNC Investment (NASDAQ:AGNC) Trading Up 0.2%

AGNC Investment Corp. (NASDAQ:AGNC) shares were up 0.2% on Wednesday . The company traded as high as $10.18 and last traded at $10.14. Approximately 2,721,540 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 12,454,336 shares. The stock had previously closed at $10.12.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AGNC. Compass Point increased their price target on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada raised their price target on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. 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 report on Tuesday, July 16th. Janney Montgomery Scott initiated coverage on shares of AGNC Investment in a research note on Thursday, June 6th. They issued a “buy” rating and a $10.50 price target for the company. Finally, Keefe, Bruyette & Woods raised their price objective on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and a consensus price target of $10.13.

AGNC Investment Price Performance

The stock has a market cap of $7.41 billion, a P/E ratio of 11.23 and a beta of 1.48. The business’s 50 day moving average price is $9.97 and its two-hundred day moving average price is $9.70. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). AGNC Investment had a return on equity of 26.78% and a net margin of 16.15%. The firm had revenue of $695.00 million for the quarter, compared to analysts’ expectations of $643.29 million. During the same quarter last year, the company posted $0.67 EPS. The firm’s revenue was up 52.1% on a year-over-year basis. As a group, sell-side analysts expect that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total transaction of $49,850.00. Following the sale, the chief financial officer now owns 308,182 shares of the company’s stock, valued at $3,072,574.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AGNC. PVG Asset Management Corp purchased a new position in AGNC Investment in the second quarter worth about $368,000. Cetera Investment Advisers lifted its position in AGNC Investment by 1.9% in the 2nd quarter. Cetera Investment Advisers now owns 330,181 shares of the real estate investment trust’s stock valued at $3,150,000 after acquiring an additional 6,070 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in AGNC Investment by 334.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 131,648 shares of the real estate investment trust’s stock valued at $1,272,000 after purchasing an additional 101,351 shares during the last quarter. Quarry LP increased its holdings in shares of AGNC Investment by 75.6% in the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 2,275 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of AGNC Investment by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,255 shares during the last quarter. Hedge funds and other 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).