AGNC Investment (NASDAQ:AGNC) Trading 1.2% Higher - Time to Buy?

Key Points

• AGNC Investment shares rose 1.2% to $10.89, with trading volume 24% below the average session volume. Analysts maintain a consensus “Hold” rating and an average price target of $11.11.
• The mortgage REIT exceeded quarterly earnings expectations, reporting $0.40 in EPS versus the $0.38 consensus, though revenue of $305 million was below the $1.06 billion estimate.
• AGNC announced a monthly dividend of $0.12 per share, representing a stated annualized yield of 13.2%; its dividend payout ratio is 75.79%.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) shares were up 1.2% on Tuesday . The stock traded as high as $10.89 and last traded at $10.89. 14,285,229 shares traded hands during trading, a decline of 24% from the average session volume of 18,832,398 shares. The stock had previously closed at $10.76.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AGNC. Compass Point cut shares of AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price objective for the company. in a report on Friday, July 17th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $12.00 price target on shares of AGNC Investment in a research report on Friday, April 24th. Piper Sandler lifted their price target on AGNC Investment from $11.50 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, July 2nd. UBS Group boosted their price objective on AGNC Investment from $10.50 to $11.00 and gave the stock a "neutral" rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $11.11.

AGNC Investment Stock Performance

The stock has a market cap of $12.91 billion, a P/E ratio of 5.73 and a beta of 1.32. The company's 50 day moving average price is $10.70 and its 200-day moving average price is $10.76.

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, beating 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 the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted ($0.17) earnings per share. On average, analysts forecast that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 13.2%. AGNC Investment's dividend payout ratio (DPR) is currently 75.79%.

Insider Activity at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. The trade was a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Institutional Trading of AGNC Investment

A number of institutional investors and hedge funds have recently modified their holdings of AGNC. Danske Bank A S purchased a new position in AGNC Investment in the second quarter worth $26,000. Avion Wealth increased its position in shares of AGNC Investment by 286.3% during 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 during the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of AGNC Investment during the 2nd quarter worth $28,000. Sound Income Strategies LLC raised its stake in shares of AGNC Investment by 61.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 1,048 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of AGNC Investment in the 4th quarter worth about $33,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

About AGNC Investment

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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