AGNC Investment (NASDAQ:AGNC) Sets New 52-Week Low – Should You Sell?

AGNC Investment Corp. (NASDAQ:AGNC) hit a new 52-week low on Thursday . The stock traded as low as $9.63 and last traded at $9.6150, with a volume of 33365731 shares. The stock had previously closed at $9.91.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Wells Fargo & Company cut 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, July 23rd. Compass Point cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target for the company. in a report on Friday, July 17th. Finally, Piper Sandler lifted their price objective on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.11.

AGNC Investment Trading Down 3.0%

The company has a fifty day moving average price of $10.65 and a 200-day moving average price of $10.57. The firm has a market cap of $11.40 billion, a price-to-earnings ratio of 5.06 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company earned ($0.17) EPS. As a group, research analysts forecast that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 15.0%. The ex-dividend date of this dividend is Wednesday, September 30th. AGNC Investment’s dividend payout ratio is presently 75.79%.

Insider Transactions at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were 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 owned 406,947 shares of the company’s stock, valued at approximately $4,476,417. The trade was a 1.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Delta Asset Management LLC TN purchased a new position in AGNC Investment during the second quarter worth approximately $25,000. Danske Bank A S purchased a new stake in AGNC Investment during the 2nd quarter worth approximately $26,000. Avion Wealth raised its position 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 purchasing an additional 2,021 shares in the last quarter. MCF Advisors LLC lifted its position in shares of AGNC Investment by 254.1% during the 2nd quarter. MCF Advisors LLC now owns 2,408 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,728 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of AGNC Investment in the 2nd quarter valued at about $28,000. 38.28% of the stock is owned by institutional investors and hedge funds.

About AGNC Investment

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

The company seeks to generate income from its investment portfolio, primarily through the difference between the yield on its mortgage assets and its borrowing costs.