AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.2%

AGNC Investment Corp. (NASDAQ:AGNC) shares fell 0.2% during mid-day trading on Wednesday . The stock traded as low as $9.98 and last traded at $9.98. 1,073,797 shares were traded during mid-day trading, a decline of 91% from the average session volume of 12,505,857 shares. The stock had previously closed at $10.00.

Analysts Set New Price Targets

A number of brokerages have issued reports on AGNC. Keefe, Bruyette & Woods boosted their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Compass Point boosted their price target on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Royal Bank of Canada boosted their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Jonestrading cut their price target on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.13.

AGNC Investment Price Performance

The stock’s 50 day moving average is $9.92 and its two-hundred day moving average is $9.68. 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 stock has a market capitalization of $7.34 billion, a PE ratio of 11.10 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC) last released 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). The firm had revenue of $695.00 million for the quarter, compared to analysts’ expectations of $643.29 million. AGNC Investment had a return on equity of 26.78% and a net margin of 16.15%. The firm’s quarterly revenue was up 52.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. As a group, sell-side analysts forecast that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

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

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total value of $49,850.00. Following the transaction, the chief financial officer now directly owns 308,182 shares in the company, valued at approximately $3,072,574.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in AGNC Investment in the fourth quarter valued at $69,215,000. Russell Investments Group Ltd. lifted its holdings in AGNC Investment by 397.8% in the fourth quarter. Russell Investments Group Ltd. now owns 816,904 shares of the real estate investment trust’s stock valued at $8,015,000 after acquiring an additional 652,799 shares during the period. Foundations Investment Advisors LLC acquired a new stake in AGNC Investment in the fourth quarter valued at $152,000. Brown Advisory Inc. acquired a new position in shares of AGNC Investment during the 4th quarter worth $99,000. Finally, Virtu Financial LLC acquired a new position in shares of AGNC Investment during the 4th quarter worth $717,000. 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).