AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.9%

Shares of AGNC Investment Corp. (NASDAQ:AGNC) traded up 0.9% during trading on Wednesday . The company traded as high as $9.24 and last traded at $9.23. 2,377,715 shares traded hands during trading, a decline of 80% from the average session volume of 11,760,533 shares. The stock had previously closed at $9.15.

Analyst Ratings Changes

A number of brokerages recently commented on AGNC. Keefe, Bruyette & Woods cut their target price on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Barclays increased their target price on AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, January 22nd. Royal Bank of Canada decreased 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. Finally, Compass Point assumed coverage on AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.79.

AGNC Investment Stock Performance

The firm has a fifty day moving average of $9.53 and a 200-day moving average of $9.27. The firm has a market cap of $6.46 billion, a P/E ratio of 10.22 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 Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. The business had revenue of $642.00 million for the quarter, compared to analysts’ expectations of $568.38 million. During the same quarter last year, the business earned $0.70 earnings per share. Research analysts predict that AGNC Investment Corp. will post 2.1 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.12 per share. This represents a dividend yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment’s dividend payout ratio is currently 158.24%.

Insider Transactions at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total value of $46,750.00. Following the completion of the transaction, the director now directly owns 75,545 shares in the company, valued at $706,345.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in AGNC Investment in the 4th quarter valued at $69,215,000. Vanguard Group Inc. raised its holdings in shares of AGNC Investment by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock worth $621,628,000 after buying an additional 6,019,268 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of AGNC Investment during the 4th quarter worth $38,593,000. Clearbridge Investments LLC raised its holdings in shares of AGNC Investment by 85.6% during the 3rd quarter. Clearbridge Investments LLC now owns 7,301,298 shares of the real estate investment trust’s stock worth $68,924,000 after buying an additional 3,367,112 shares in the last quarter. Finally, GRS Advisors LLC bought a new stake in AGNC Investment during the 4th quarter worth $32,509,000. 38.28% of the stock is currently owned by institutional investors.

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).