AGNC Investment (NASDAQ:AGNC) Shares Down 0.3% – Time to Sell?

AGNC Investment Corp. (NASDAQ:AGNC) shares fell 0.3% during mid-day trading on Thursday . The stock traded as low as $10.45 and last traded at $10.46. 2,438,788 shares were traded during trading, a decline of 81% from the average session volume of 12,933,125 shares. The stock had previously closed at $10.49.

Analysts Set New Price Targets

Several research firms have weighed in on AGNC. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Compass Point increased their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada raised their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $10.00 to $12.00 in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Stock Down 0.3 %

The company has a market cap of $7.60 billion, a PE ratio of 11.49 and a beta of 1.47. The company has a fifty day moving average of $10.28 and a two-hundred day moving average of $9.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27.

AGNC Investment (NASDAQ:AGNC) last released its 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). The firm had revenue of $695.00 million during the quarter, compared to the consensus estimate of $643.29 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. AGNC Investment’s revenue was up 52.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. As a group, analysts anticipate that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 14%. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the company’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 transaction, the chief financial officer now owns 298,182 shares of the company’s stock, valued at $3,002,692.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Several large investors have recently added to or reduced their stakes in AGNC. Ashton Thomas Private Wealth LLC bought a new stake in shares of AGNC Investment during the second quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. raised its position in AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of AGNC Investment in the 1st quarter worth $38,000. Quarry LP grew its position in shares of AGNC Investment by 75.6% during the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 2,275 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of AGNC Investment during the first quarter valued at $53,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

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).