AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.9% - Time to Buy?

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s share price shot up 0.9% on Tuesday . The company traded as high as $9.25 and last traded at $9.23. 6,892,997 shares changed hands during trading, a decline of 66% from the average session volume of 20,117,760 shares. The stock had previously closed at $9.15.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a report on Wednesday, January 29th. Jones Trading cut their price objective on AGNC Investment from $10.25 to $9.50 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Argus reiterated a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Wells Fargo & Company dropped 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, AGNC Investment presently has a consensus rating of "Moderate Buy" and an average price target of $9.96.

AGNC Investment Stock Performance

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

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $846.00 million for the quarter, compared to the consensus estimate of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Equities research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

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

Insider Activity

In other AGNC Investment news, EVP Kenneth L. Pollack sold 17,500 shares of AGNC Investment stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total value of $158,025.00. Following the sale, the executive vice president now directly owns 447,841 shares in the company, valued at approximately $4,044,004.23. The trade was a 3.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Peter J. Federico sold 48,333 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $8.70, for a total transaction of $420,497.10. Following the transaction, the chief executive officer now directly owns 1,691,421 shares of the company's stock, valued at $14,715,362.70. This trade represents a 2.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,384 shares of company stock worth $1,228,039 over the last ninety days. Corporate insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On AGNC Investment

Several large investors have recently made changes to their positions in the company. Barclays PLC grew its holdings in AGNC Investment by 4.8% during the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust's stock valued at $16,242,000 after buying an additional 71,330 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of AGNC Investment by 8.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust's stock valued at $67,690,000 after acquiring an additional 581,352 shares during the last quarter. Farringdon Capital Ltd. purchased a new position in shares of AGNC Investment in the fourth quarter valued at $639,000. Yousif Capital Management LLC increased its position in AGNC Investment by 4.8% in the fourth quarter. Yousif Capital Management LLC now owns 33,854 shares of the real estate investment trust's stock worth $312,000 after purchasing an additional 1,551 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. raised its stake in AGNC Investment by 87.6% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 98,144 shares of the real estate investment trust's stock valued at $904,000 after purchasing an additional 45,815 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

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).