AGNC Investment (NASDAQ:AGNC) Sets New 52-Week Low – Time to Sell?

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price reached a new 52-week low during trading on Monday. The company traded as low as $8.41 and last traded at $8.4150, with a volume of 18,228,859 shares trading hands. The stock had previously closed at $8.72.

Wall Street Analysts Forecast Growth

AGNC has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday. Wells Fargo & Company lowered their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Compass Point lowered AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a research note on Friday, July 17th. Keefe, Bruyette & Woods decreased their target price on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Finally, Piper Sandler lowered their target price on AGNC Investment from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.89.

AGNC Investment Trading Down 3.6%

The firm has a fifty day moving average price of $10.01 and a 200 day moving average price of $10.41. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 4.42 and a beta of 1.36.

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, beating analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. The business had revenue of $305.00 million during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business posted ($0.17) earnings per share. As a group, equities analysts predict that AGNC Investment Corp. will post 1.60 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.1%. The ex-dividend date of this dividend is Friday, October 30th. AGNC Investment’s dividend payout ratio (DPR) is currently 75.79%.

Insider Activity at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the sale, the executive vice president owned 406,947 shares of the company’s stock, valued at $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB boosted its position in shares of AGNC Investment by 0.3% during 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 during the period. Davidson Trust Co. increased its holdings in AGNC Investment by 4.4% during the first quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 985 shares during the last quarter. Wedmont Private Capital lifted its holdings in AGNC Investment by 1.4% during the 2nd quarter. Wedmont Private Capital now owns 73,805 shares of the real estate investment trust’s stock valued at $821,000 after purchasing an additional 988 shares during the last quarter. Spinnaker Investment Group LLC lifted its holdings in AGNC Investment by 1.4% during the 2nd quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock worth $824,000 after purchasing an additional 1,014 shares during the last quarter. Finally, NWF Advisory Services Inc. grew its stake in shares of AGNC Investment by 8.2% in the second quarter. NWF Advisory Services Inc. now owns 13,475 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 1,026 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.