AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.8% – Should You Buy?

AGNC Investment Corp. (NASDAQ:AGNC) shares traded up 0.8% during mid-day trading on Friday . The stock traded as high as $9.45 and last traded at $9.38. 7,315,731 shares changed hands during trading, a decline of 47% from the average session volume of 13,708,854 shares. The stock had previously closed at $9.31.

Analysts Set New Price Targets

AGNC has been the subject of several recent research reports. Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $10.00 to $12.00 in a research report on Friday, September 20th. Royal Bank of Canada upped their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, Compass Point upped their price target on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Price Performance

The company has a 50-day moving average of $10.27 and a two-hundred day moving average of $9.93. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $7.28 billion, a P/E ratio of 6.51 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). AGNC Investment had a return on equity of 24.40% and a net margin of 42.19%. The business had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. During the same period in the prior year, the company earned $0.65 earnings per share. On average, research analysts predict that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 14%. AGNC Investment’s payout ratio is 100.00%.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business’s 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 sale, the chief financial officer now directly owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of AGNC Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management increased its position in shares of AGNC Investment by 0.6% during the third quarter. Hollencrest Capital Management now owns 222,450 shares of the real estate investment trust’s stock valued at $2,327,000 after acquiring an additional 1,290 shares in the last quarter. AIA Group Ltd boosted its stake in AGNC Investment by 289.0% during the 3rd quarter. AIA Group Ltd now owns 141,554 shares of the real estate investment trust’s stock valued at $1,481,000 after purchasing an additional 105,167 shares during the last quarter. Mainstream Capital Management LLC bought a new stake in shares of AGNC Investment in the 3rd quarter worth $126,000. Portside Wealth Group LLC lifted its holdings in shares of AGNC Investment by 11.8% during the third quarter. Portside Wealth Group LLC now owns 20,562 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 2,164 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of AGNC Investment during the third quarter valued at $351,000. 38.28% of the stock is currently owned by institutional investors.

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).