AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s share price was up 1.7% on Wednesday . The company traded as high as $9.16 and last traded at $9.14. Approximately 9,522,636 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 20,688,092 shares. The stock had previously closed at $8.98.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on AGNC shares. Jones Trading reduced their price objective on shares of AGNC Investment from $10.25 to $9.50 and set a "buy" 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 note on Tuesday, May 6th. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. reduced their price objective on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada reduced their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, AGNC Investment presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.96.
Check Out Our Latest Analysis on AGNC Investment
AGNC Investment Trading Up 0.5%
The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 9.41 and a beta of 1.30. The company's 50 day moving average is $8.92 and its 200 day moving average is $9.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data 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. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. The company had revenue of $846.00 million during the quarter, compared to analysts' expectations of $436.71 million. During the same quarter in the prior year, the company posted $0.58 EPS. On average, research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.
AGNC Investment Announces Dividend
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 given 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 currently 360.00%.
Insider Buying and Selling
In related news, EVP Kenneth L. Pollack sold 17,500 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total transaction of $158,025.00. Following the completion of the sale, 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 document filed with the SEC, which is available through the SEC website. Also, CEO Peter J. Federico sold 48,333 shares of the stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $8.88, for a total transaction of $429,197.04. Following the sale, the chief executive officer now directly owns 1,643,088 shares in the company, valued at approximately $14,590,621.44. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,384 shares of company stock worth $1,228,039 in the last quarter. 0.42% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On AGNC Investment
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in AGNC Investment by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust's stock worth $821,765,000 after acquiring an additional 2,462,337 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in AGNC Investment by 18.0% during the 1st 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 acquiring an additional 2,589,020 shares during the last quarter. Geode Capital Management LLC grew its holdings in AGNC Investment by 18.8% during the 4th quarter. Geode Capital Management LLC now owns 14,614,721 shares of the real estate investment trust's stock worth $134,645,000 after acquiring an additional 2,311,105 shares during the last quarter. Norges Bank bought a new stake in AGNC Investment during the 4th quarter worth about $87,269,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in AGNC Investment by 5.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust's stock worth $80,392,000 after acquiring an additional 424,990 shares during the last quarter. Institutional investors own 38.28% of the company's stock.
About AGNC Investment
(
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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