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

AGNC Investment Corp. (NASDAQ:AGNC)’s share price was down 1.5% on Wednesday . The company traded as low as $10.87 and last traded at $10.90. 23,291,232 shares traded hands during trading, an increase of 24% from the average session volume of 18,807,568 shares. The stock had previously closed at $11.07.

Wall Street Analyst Weigh In

AGNC has been the subject of several recent research reports. Piper Sandler increased their price target on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research report on Wednesday, June 24th. Compass Point cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research note on Friday, July 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Finally, UBS Group boosted their price target on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.11.

AGNC Investment Price Performance

The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 5.62 and a beta of 1.31. The business’s 50-day moving average price is $10.66 and its two-hundred day moving average price is $10.81.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $1.06 billion. AGNC Investment had a return on equity of 18.20% and a net margin of 57.94%.During the same quarter last year, the firm earned ($0.17) earnings per share. As a group, sell-side analysts forecast that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date of this dividend is Friday, July 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 75.79%.

Insider Activity

In other news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the transaction, the executive vice president directly owned 406,947 shares in the company, valued at $4,476,417. This represents a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Donna Blank sold 22,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total transaction of $237,160.00. Following the transaction, the director directly owned 96,471 shares of the company’s stock, valued at $1,039,957.38. This trade represents a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by insiders.

Institutional Trading of AGNC Investment

Institutional investors have recently made changes to their positions in the stock. Handelsbanken Fonder AB raised its position in shares of AGNC Investment by 0.3% in the second quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock worth $3,851,000 after buying an additional 900 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in shares of AGNC Investment by 0.9% during the fourth quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock worth $1,118,000 after purchasing an additional 907 shares in the last quarter. Davidson Trust Co. increased its position in shares of AGNC Investment by 4.4% in the first quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 985 shares during the last quarter. Spinnaker Investment Group LLC raised its stake in AGNC Investment by 1.4% in the second quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock valued at $824,000 after purchasing an additional 1,014 shares in the last quarter. Finally, Lido Advisors LLC raised its stake in AGNC Investment by 10.4% in the fourth quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 1,046 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.