AGNC Investment (NASDAQ:AGNC) Shares Up 1.1% - Should You Buy?

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) rose 1.1% during trading on Tuesday . The stock traded as high as $9.32 and last traded at $9.31. Approximately 6,751,318 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 21,294,766 shares. The stock had previously closed at $9.21.

Analysts Set New Price Targets

A number of brokerages have issued reports on AGNC. Wells Fargo & Company decreased their target price on AGNC Investment from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Keefe, Bruyette & Woods decreased their price target on shares of AGNC Investment from $10.25 to $9.50 and set an "outperform" rating on the stock in a research note on Tuesday, June 3rd. Royal Bank of Canada lowered their price objective on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Argus reaffirmed a "hold" rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Finally, Wall Street Zen downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, AGNC Investment has an average rating of "Moderate Buy" and a consensus price target of $9.75.

AGNC Investment Price Performance

The company has a market cap of $9.49 billion, a price-to-earnings ratio of 9.59 and a beta of 1.29. The company has a 50 day moving average price of $8.83 and a 200-day moving average price of $9.47. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued 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. The company had revenue of $846.00 million during the quarter, compared to the consensus estimate of $436.71 million. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. During the same period last year, the business posted $0.58 EPS. As a group, equities research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Thursday, July 10th. Investors of record on Monday, June 30th will be paid a dividend of $0.12 per share. AGNC Investment's payout ratio is 360.00%.

Insider Transactions at AGNC Investment

In related news, CEO Peter J. Federico sold 48,333 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $8.70, for a total transaction of $420,497.10. Following the transaction, the chief executive officer now owns 1,691,421 shares in the company, valued at $14,715,362.70. The trade was a 2.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donna Blank sold 17,218 shares of the stock in a transaction 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 completion of the transaction, the director now owns 90,345 shares of the company's stock, valued at approximately $783,291.15. This trade represents a 16.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,384 shares of company stock valued at $1,228,039 in the last quarter. Insiders own 0.42% of the company's stock.

Institutional Trading of AGNC Investment

Several large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its holdings 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 worth $168,000 after purchasing an additional 970 shares during the last quarter. CIBC Asset Management Inc grew its position 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 acquiring an additional 1,075 shares during the last quarter. Kovack Advisors Inc. increased its stake 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 worth $2,130,000 after buying an additional 1,186 shares during the period. CoreCap Advisors LLC lifted its stake in AGNC Investment by 34.8% in the fourth quarter. CoreCap Advisors LLC now owns 4,765 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 1,229 shares during the period. Finally, CreativeOne Wealth LLC raised its holdings in shares of AGNC Investment by 9.7% in the 1st quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust's stock valued at $134,000 after purchasing an additional 1,237 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

About AGNC Investment

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).