AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report)’s stock price traded down 0.4% on Tuesday . The stock traded as low as $9.79 and last traded at $9.81. 2,392,713 shares traded hands during trading, a decline of 79% from the average session volume of 11,464,013 shares. The stock had previously closed at $9.85.
Analyst Ratings Changes
AGNC has been the subject of several recent research reports. Janney Montgomery Scott started coverage on AGNC Investment in a research note on Thursday, June 6th. They issued a “buy” rating and a $10.50 price target for the company. Jonestrading decreased their price target on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Keefe, Bruyette & Woods lowered their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Finally, StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AGNC Investment has an average rating of “Moderate Buy” and a consensus target price of $9.88.
View Our Latest Analysis on AGNC Investment
AGNC Investment Price Performance
The business’s 50 day simple moving average is $9.60 and its 200-day simple moving average is $9.63. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 10.63 and a beta of 1.47. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01.
AGNC Investment (NASDAQ:AGNC – Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.14%. The business had revenue of $642.00 million for the quarter, compared to analysts’ expectations of $568.38 million. During the same period last year, the firm posted $0.70 earnings per share. On average, research analysts forecast that AGNC Investment Corp. will post 2.14 earnings per share for the current year.
AGNC Investment Dividend Announcement
The firm also recently disclosed a jun 24 dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, June 27th. This represents a dividend yield of 14.8%. AGNC Investment’s dividend payout ratio is currently 158.24%.
Insider Buying and Selling at AGNC Investment
In other news, Director Paul E. Mullings sold 5,400 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the completion of the transaction, the director now owns 111,827 shares of the company’s stock, valued at $1,051,173.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total transaction of $50,760.00. Following the sale, the director now owns 111,827 shares in the company, valued at approximately $1,051,173.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bernice Bell sold 3,500 shares of AGNC Investment stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the sale, the chief financial officer now owns 309,973 shares in the company, valued at $2,888,948.36. The disclosure for this sale can be found here. Insiders have sold a total of 15,900 shares of company stock worth $149,030 over the last 90 days. Insiders own 0.52% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of AGNC. Vanguard Group Inc. raised its position in shares of AGNC Investment by 3.7% during the first quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock worth $650,781,000 after acquiring an additional 2,368,658 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in AGNC Investment by 4.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,015,707 shares of the real estate investment trust’s stock valued at $79,355,000 after purchasing an additional 332,709 shares during the period. Clearbridge Investments LLC raised its holdings in AGNC Investment by 1.1% during the 4th quarter. Clearbridge Investments LLC now owns 7,380,614 shares of the real estate investment trust’s stock worth $72,404,000 after purchasing an additional 79,316 shares during the last quarter. Norges Bank acquired a new position in shares of AGNC Investment in the 4th quarter worth approximately $69,215,000. Finally, Equity Investment Corp boosted its stake in shares of AGNC Investment by 16.2% in the 1st quarter. Equity Investment Corp now owns 6,870,571 shares of the real estate investment trust’s stock valued at $68,019,000 after purchasing an additional 957,139 shares during the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.
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).
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