AGNC Investment (NASDAQ:AGNC) Shares Up 1.5% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded up 1.5% during mid-day trading on Wednesday . The stock traded as high as $11.13 and last traded at $11.08. Approximately 17,255,508 shares traded hands during trading, a decline of 7% from the average session volume of 18,653,619 shares. The stock had previously closed at $10.92.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Compass Point lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price on the stock. in a research note on Friday, July 17th. Keefe, Bruyette & Woods dropped their target price on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Piper Sandler raised their price objective on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $12.00 target price on shares of AGNC Investment in a research report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, AGNC Investment has a consensus rating of “Hold” and an average target price of $11.11.

AGNC Investment Trading Down 0.3%

The business has a 50 day moving average of $10.82 and a 200-day moving average of $10.71. The stock has a market cap of $12.91 billion, a PE ratio of 5.73 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The company had revenue of $305.00 million for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company posted ($0.17) EPS. On average, equities research analysts anticipate that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 13.2%. AGNC Investment’s dividend payout ratio (DPR) is currently 75.79%.

Insider Transactions at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the sale, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Institutional Trading of AGNC Investment

Several institutional investors have recently made changes to their positions in AGNC. Delta Asset Management LLC TN acquired a new position in AGNC Investment in the second quarter valued at $25,000. Danske Bank A S acquired a new stake in AGNC Investment during the second quarter worth about $26,000. Osbon Capital Management LLC acquired a new stake in AGNC Investment during the second quarter worth about $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of AGNC Investment in the 2nd quarter worth about $28,000. Finally, Avion Wealth lifted its stake in shares of AGNC Investment by 286.3% in the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 2,021 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.