AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.4% - Here's What Happened

Key Points

• AGNC Investment shares fell 1.4% to $10.92 in heavy trading, with volume reaching 12.6 million shares. The stock’s average analyst rating remains “Hold,” with a consensus price target of $11.11.
• AGNC reported quarterly EPS of $0.40, exceeding analysts’ $0.38 estimate, while revenue totaled $305 million. Analysts expect the company to earn approximately $1.60 per share this year.
• The mortgage REIT declared a $0.12 monthly dividend, payable September 10 to shareholders of record August 31, representing a 13.2% annualized yield and a 75.79% payout ratio.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s share price traded 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

AGNC has been the subject of a number of research analyst reports. Wall Street Zen raised shares of AGNC Investment from a "sell" rating to a "hold" rating in a research note on Saturday, April 25th. Royal Bank Of Canada reiterated an "outperform" rating and set a $12.00 price objective on shares of AGNC Investment in a research note on Friday, April 24th. UBS Group boosted their target price on AGNC Investment from $10.50 to $11.00 and gave the stock a "neutral" rating in a report on Friday, April 24th. Weiss Ratings upgraded AGNC Investment from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $11.11.

AGNC Investment Trading Down 1.4%

The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 5.75 and a beta of 1.32. The company has a fifty day simple moving average of $10.81 and a 200-day simple moving average of $10.71.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. The company had revenue of $305.00 million during the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the company posted ($0.17) earnings per share. As a group, analysts anticipate that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date of this dividend is Monday, August 31st. AGNC Investment's payout ratio is 75.79%.

Insider Activity

In other news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction 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 owned 406,947 shares in the company, valued at $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Delta Asset Management LLC TN purchased a new position in AGNC Investment during the 2nd quarter valued at about $25,000. Danske Bank A S purchased a new position in AGNC Investment during the second quarter valued at approximately $26,000. Avion Wealth increased 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 period. N.E.W. Advisory Services LLC acquired a new position in AGNC Investment in the 2nd quarter valued at approximately $28,000. Finally, Osbon Capital Management LLC acquired a new position in AGNC Investment in the 2nd quarter valued at approximately $28,000. 38.28% of the stock is owned by institutional investors and hedge funds.

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.

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