AGNC Investment (NASDAQ:AGNC) Trading Down 1.4% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price was down 1.4% during trading on Thursday . The stock traded as low as $10.89 and last traded at $10.92. 12,584,251 shares were traded during trading, a decline of 32% from the average daily volume of 18,616,088 shares. The stock had previously closed at $11.08.

Analyst Ratings Changes

Several brokerages recently issued reports on AGNC. Keefe, Bruyette & Woods cut their price objective on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. UBS Group boosted their target price on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Wells Fargo & Company dropped their target price 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. Piper Sandler raised their price target on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $12.00 price target on shares of AGNC Investment in a report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.11.

AGNC Investment Stock Down 1.4%

The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 5.75 and a beta of 1.32. The company’s 50-day simple moving average is $10.81 and its 200 day simple moving average is $10.71.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The company had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. On average, equities analysts expect that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Monday, August 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 75.79%.

Insiders Place Their Bets

In related news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the sale, the executive vice president directly owned 406,947 shares in the company, valued at approximately $4,476,417. The trade was a 1.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors have recently modified their holdings of the company. Delta Asset Management LLC TN acquired a new stake in shares of AGNC Investment in the second quarter worth $25,000. Danske Bank A S acquired a new position in AGNC Investment in the 2nd quarter valued at $26,000. Avion Wealth grew its stake in AGNC Investment by 286.3% in the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,021 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in AGNC Investment in the 2nd quarter worth $28,000. Finally, Osbon Capital Management LLC bought a new position in AGNC Investment in the 2nd quarter worth $28,000. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Company Profile

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.