AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s stock price dropped 1.3% during trading on Thursday . The stock traded as low as $8.65 and last traded at $8.69. Approximately 15,716,803 shares traded hands during trading, a decline of 23% from the average daily volume of 20,373,966 shares. The stock had previously closed at $8.80.
Wall Street Analyst Weigh In
A number of research firms have weighed in on AGNC. Jones Trading dropped their target price on shares of AGNC Investment from $10.25 to $9.50 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen cut shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Argus reiterated a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $9.96.
Read Our Latest Analysis on AGNC
AGNC Investment Price Performance
The stock has a market capitalization of $9.02 billion, a PE ratio of 9.11 and a beta of 1.30. 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 stock's 50 day moving average price is $9.00 and its 200-day moving average price is $9.52.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. The firm had revenue of $846.00 million during the quarter, compared to analyst estimates of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same period in the previous year, the firm earned $0.58 earnings per share. As a group, equities analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.
AGNC Investment Dividend Announcement
The firm also recently disclosed a may 25 dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 30th will be paid a $0.12 dividend. This represents a yield of 16.2%. The ex-dividend date is Friday, May 30th. AGNC Investment's dividend payout ratio (DPR) is presently 360.00%.
Insider Buying and Selling
In other AGNC Investment news, EVP Bernice Bell sold 8,000 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 374,019 shares in the company, valued at approximately $3,321,288.72. This represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Peter J. Federico sold 48,333 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $8.70, for a total value of $420,497.10. Following the completion of the sale, the chief executive officer now owns 1,691,421 shares in the company, valued at approximately $14,715,362.70. This represents a 2.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,384 shares of company stock valued at $1,228,039 over the last three months. 0.42% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in AGNC Investment by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust's stock valued at $821,765,000 after acquiring an additional 2,462,337 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in AGNC Investment by 18.0% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock worth $162,828,000 after purchasing an additional 2,589,020 shares during the last quarter. Geode Capital Management LLC lifted its stake in AGNC Investment by 18.8% in the fourth quarter. Geode Capital Management LLC now owns 14,614,721 shares of the real estate investment trust's stock valued at $134,645,000 after buying an additional 2,311,105 shares during the last quarter. Norges Bank purchased a new stake in AGNC Investment in the fourth quarter valued at approximately $87,269,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in AGNC Investment by 5.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust's stock valued at $80,392,000 after buying an additional 424,990 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company's stock.
AGNC Investment Company Profile
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Get Free Report)
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).
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