Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) dropped 0.7% on Monday . The company traded as low as $8.99 and last traded at $9.12. Approximately 5,998,291 shares were traded during trading, a decline of 70% from the average daily volume of 20,092,021 shares. The stock had previously closed at $9.18.
Wall Street Analyst Weigh In
AGNC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut their price objective 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. Wells Fargo & Company cut their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a report on Tuesday, April 29th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.96.
Read Our Latest Report on AGNC Investment
AGNC Investment Stock Performance
The stock's 50-day moving average is $9.12 and its 200-day moving average is $9.53. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 9.43 and a beta of 1.30. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. The company had revenue of $846.00 million during the quarter, compared to analysts' expectations of $436.71 million. During the same period in the prior year, the business posted $0.58 EPS. On average, analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.
AGNC Investment Announces Dividend
The company also recently disclosed 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 yield of 16.2%. The ex-dividend date of this dividend is Friday, May 30th. AGNC Investment's dividend payout ratio (DPR) is presently 360.00%.
Insider Buying and Selling at AGNC Investment
In related news, EVP Bernice Bell sold 8,000 shares of AGNC Investment stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $8.88, for a total transaction of $71,040.00. Following the transaction, the executive vice president now directly owns 374,019 shares of the company's stock, valued at $3,321,288.72. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna Blank sold 17,218 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $8.67, for a total value of $149,280.06. Following the completion of the transaction, the director now owns 90,345 shares of the company's stock, valued at $783,291.15. This trade represents a 16.01% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,384 shares of company stock worth $1,228,039. 0.42% of the stock is owned by insiders.
Hedge Funds Weigh In On AGNC Investment
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position 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 period. Vaughan Nelson Investment Management L.P. boosted its position 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 period. Geode Capital Management LLC boosted its position 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 period. Norges Bank acquired a new stake in AGNC Investment during the 4th quarter worth about $87,269,000. Finally, Allspring Global Investments Holdings LLC boosted its position 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 period. Institutional investors and hedge funds own 38.28% of the company's stock.
AGNC Investment Company Profile
(
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).
Further Reading
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