AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.1% - Here's What Happened

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s stock price dropped 1.1% during trading on Wednesday . The company traded as low as $9.02 and last traded at $9.09. Approximately 12,477,300 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 20,194,879 shares. The stock had previously closed at $9.19.

Analysts Set New Price Targets

AGNC has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their target price on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 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 research report on Tuesday, April 29th. Wall Street Zen downgraded AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods decreased their target price on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their target price on AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, AGNC Investment currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.96.

AGNC Investment Stock Performance

The stock has a market cap of $9.02 billion, a P/E ratio of 9.11 and a beta of 1.30. The business has a 50 day moving average price of $9.00 and a 200 day moving average price of $9.52. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. The company had revenue of $846.00 million during the quarter, compared to analyst estimates of $436.71 million. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. During the same quarter in the prior year, the business earned $0.58 earnings per share. As a group, sell-side analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently announced a may 25 dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 16.2%. AGNC Investment's dividend payout ratio is currently 360.00%.

Insider Activity

In related news, EVP Kenneth L. Pollack sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total value of $158,025.00. Following the completion of the transaction, the executive vice president now owns 447,841 shares in the company, valued at $4,044,004.23. This trade represents a 3.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bernice Bell sold 8,000 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $8.88, for a total value of $71,040.00. Following the completion of the transaction, the executive vice president now owns 374,019 shares of the company's stock, valued at $3,321,288.72. This trade represents a 2.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,384 shares of company stock worth $1,228,039. Insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC acquired a new stake in shares of AGNC Investment during the 4th quarter valued at about $26,000. Financial Life Planners acquired a new stake in shares of AGNC Investment during the 4th quarter valued at about $28,000. N.E.W. Advisory Services LLC acquired a new stake in shares of AGNC Investment during the 1st quarter valued at about $28,000. National Bank of Canada FI grew its position in shares of AGNC Investment by 112.7% during the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 1,832 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of AGNC Investment by 326.3% during the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 2,519 shares during the period. 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).