AGNC Investment (NASDAQ:AGNC) Stock Price Up 1.7% - Here's Why

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s stock price was up 1.7% on Tuesday . The company traded as high as $8.99 and last traded at $8.98. Approximately 10,087,875 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 21,007,759 shares. The stock had previously closed at $8.83.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AGNC shares. Jones Trading reduced their target price 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 report on Tuesday, May 6th. Keefe, Bruyette & Woods reduced their price objective on shares of AGNC Investment from $10.25 to $9.50 and set an "outperform" rating for the company in a research report on Tuesday. Argus reiterated a "hold" rating on shares of AGNC Investment in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company cut their target price on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One 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 currently has an average rating of "Moderate Buy" and an average price target of $9.86.

AGNC Investment Stock Performance

The stock's fifty day simple moving average is $8.82 and its 200-day simple moving average is $9.48. 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 company has a market capitalization of $9.22 billion, a PE ratio of 9.32 and a beta of 1.29.

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

AGNC Investment Dividend Announcement

The company also recently declared a may 25 dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 30th will be given a $0.12 dividend. This represents a dividend yield of 16.2%. The ex-dividend date is Friday, May 30th. AGNC Investment's dividend payout ratio is currently 360.00%.

Insider Transactions at AGNC Investment

In other news, EVP Bernice Bell sold 8,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $8.88, for a total transaction of $71,040.00. Following the completion of the transaction, the executive vice president now directly owns 374,019 shares of the company's stock, valued at $3,321,288.72. This trade represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donna Blank sold 17,218 shares of AGNC Investment stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total value of $149,280.06. Following the transaction, the director now owns 90,345 shares of the company's stock, valued at $783,291.15. This represents a 16.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,384 shares of company stock valued at $1,228,039 in the last 90 days. 0.42% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AGNC Investment

Large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its position in shares of AGNC Investment by 5.6% in the fourth quarter. Hsbc Holdings PLC now owns 18,259 shares of the real estate investment trust's stock valued at $168,000 after acquiring an additional 970 shares in the last quarter. CIBC Asset Management Inc raised its stake in AGNC Investment by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 21,428 shares of the real estate investment trust's stock valued at $197,000 after purchasing an additional 1,075 shares during the last quarter. Kovack Advisors Inc. lifted its holdings in AGNC Investment by 0.5% in the 1st quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust's stock valued at $2,130,000 after purchasing an additional 1,186 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in AGNC Investment by 34.8% in the 4th quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 1,229 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its stake in shares of AGNC Investment by 9.7% during the 1st quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust's stock worth $134,000 after purchasing an additional 1,237 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.

AGNC Investment Company Profile

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).