AGNC Investment (NASDAQ:AGNC) Trading 2.2% Higher - Here's Why

Key Points

• AGNC Investment shares rose 2.2% to $10.84 in mid-day trading, with about 18 million shares changing hands. The mortgage REIT has a market capitalization of approximately $12.85 billion.
• Analyst sentiment remains mixed but leans neutral: three analysts rate the stock a Buy and eight rate it a Hold, producing a consensus “Hold” rating and an average price target of $11.11.
• AGNC reported quarterly EPS of $0.40, exceeding the $0.38 consensus estimate, and declared a monthly dividend of $0.12 per share. The dividend implies an annualized yield of about 13.3% and a payout ratio of 75.79%.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) traded up 2.2% during mid-day trading on Friday . The stock traded as high as $10.93 and last traded at $10.84. Approximately 17,990,961 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 18,890,174 shares. The stock had previously closed at $10.61.

Wall Street Analyst Weigh In

AGNC has been the topic of a number of analyst reports. UBS Group upped their target price on AGNC Investment from $10.50 to $11.00 and gave the company a "neutral" rating in a research note on Friday, April 24th. Piper Sandler boosted their price objective on AGNC Investment from $11.50 to $12.00 and gave the company an "overweight" rating in a report on Thursday, July 2nd. Weiss Ratings upgraded AGNC Investment from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. Wells Fargo & Company reduced their target price on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $12.00 target price on shares of AGNC Investment in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $11.11.

AGNC Investment Price Performance

The stock has a market cap of $12.85 billion, a PE ratio of 5.71 and a beta of 1.32. The business has a fifty day moving average of $10.68 and a 200-day moving average of $10.78.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.During the same period last year, the business posted ($0.17) EPS. As a group, equities research analysts predict that AGNC Investment Corp. will post 1.6 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 13.3%. AGNC Investment's dividend payout ratio (DPR) is currently 75.79%.

Insider Buying and Selling at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the company's stock in a transaction dated Tuesday, July 28th. The shares were 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 directly owned 406,947 shares of the company's stock, valued at $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On AGNC Investment

Large investors have recently modified their holdings of the business. Avion Wealth raised its stake in AGNC Investment by 286.3% in the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust's stock worth $27,000 after buying an additional 2,021 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of AGNC Investment in the 2nd quarter valued at $28,000. Sound Income Strategies LLC raised its position in shares of AGNC Investment by 61.1% in the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 1,048 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of AGNC Investment in the 4th quarter worth $33,000. Finally, National Bank of Canada FI raised its position in shares of AGNC Investment by 100.9% in the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 1,690 shares in the last quarter. Institutional investors own 38.28% of the company's stock.

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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