AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.6% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price was down 0.6% during mid-day trading on Wednesday . The stock traded as low as $10.05 and last traded at $10.12. Approximately 6,125,954 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 18,983,775 shares. The stock had previously closed at $10.18.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AGNC shares. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Keefe, Bruyette & Woods dropped their price target on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Finally, Wells Fargo & Company decreased their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

AGNC Investment Stock Down 0.0 %

The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $9.59 and a two-hundred day moving average of $9.88. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 10.48 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently declared a jan 25 dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were paid a dividend of $0.12 per share. This represents a dividend yield of 15.5%. The ex-dividend date of this dividend was Friday, January 31st. AGNC Investment’s payout ratio is 148.46%.

Insider Transactions at AGNC Investment

In related news, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now directly owns 75,919 shares in the company, valued at $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the sale, the chief financial officer now owns 372,226 shares of the company’s stock, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently modified their holdings of the business. Riverview Trust Co acquired a new position in shares of AGNC Investment during the 3rd quarter valued at $25,000. Financial Life Planners acquired a new position in shares of AGNC Investment during the fourth quarter valued at about $28,000. Point72 Asset Management L.P. acquired a new position in shares of AGNC Investment during the third quarter valued at about $32,000. Blue Trust Inc. boosted its position in shares of AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,966 shares in the last quarter. Finally, Spire Wealth Management grew its stake in shares of AGNC Investment by 94.5% in the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,972 shares during the period. 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).