AGNC Investment (NASDAQ:AGNC) Trading Down 0.2%

AGNC Investment Corp. (NASDAQ:AGNC) dropped 0.2% during mid-day trading on Tuesday . The stock traded as low as $9.82 and last traded at $9.84. Approximately 2,129,434 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 12,008,352 shares. The stock had previously closed at $9.86.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group reissued a “neutral” rating and issued a $9.00 price target on shares of AGNC Investment in a research note on Wednesday, December 6th. Jonestrading assumed coverage on AGNC Investment in a research note on Friday, March 22nd. They issued a “buy” rating and a $10.75 price target on the stock. Royal Bank of Canada lowered their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Compass Point assumed coverage on shares of AGNC Investment in a research report on Tuesday, February 20th. They set a “buy” rating and a $10.25 price target for the company. Finally, Keefe, Bruyette & Woods boosted their target price on shares of AGNC Investment from $8.50 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday, December 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $10.06.

AGNC Investment Trading Up 0.5 %

The stock has a fifty day simple moving average of $9.61 and a 200 day simple moving average of $9.28. The firm has a market capitalization of $6.80 billion, a P/E ratio of 979.98 and a beta of 1.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. The company had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $570.42 million. During the same period in the previous year, the firm earned $0.74 EPS. As a group, research analysts forecast that AGNC Investment Corp. will post 2.16 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently declared a mar 24 dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Friday, March 29th will be paid a $0.12 dividend. This represents a yield of 14.8%. The ex-dividend date of this dividend is Wednesday, March 27th. AGNC Investment’s payout ratio is currently 14,414.41%.

Insider Buying and Selling at AGNC Investment

In other news, CFO Bernice Bell sold 10,000 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $9.85, for a total transaction of $98,500.00. Following the completion of the transaction, the chief financial officer now directly owns 287,282 shares in the company, valued at approximately $2,829,727.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGNC. Norges Bank bought a new position in shares of AGNC Investment during the 4th quarter valued at approximately $69,215,000. Vanguard Group Inc. lifted its stake in AGNC Investment by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock worth $621,628,000 after purchasing an additional 6,019,268 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in shares of AGNC Investment during the second quarter valued at approximately $52,644,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of AGNC Investment during the 4th quarter worth approximately $38,593,000. Finally, Clearbridge Investments LLC grew its position in AGNC Investment by 85.6% in the 3rd quarter. Clearbridge Investments LLC now owns 7,301,298 shares of the real estate investment trust’s stock valued at $68,924,000 after acquiring an additional 3,367,112 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).