AGNC Investment's (AGNC) "Hold" Rating Reaffirmed at Argus

Argus reissued their hold rating on shares of AGNC Investment (NASDAQ:AGNC - Free Report) in a report published on Tuesday morning,Benzinga reports.

Other research analysts have also issued reports about the stock. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on shares of AGNC Investment from $9.50 to $8.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. StockNews.com upgraded AGNC Investment from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. Royal Bank of Canada restated an "outperform" rating and set a $11.00 price objective on shares of AGNC Investment in a report on Thursday, January 30th. Finally, Wells Fargo & Company dropped 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. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.96.

AGNC Investment Price Performance

NASDAQ AGNC traded down $0.02 during trading hours on Tuesday, reaching $8.81. The company's stock had a trading volume of 30,166,756 shares, compared to its average volume of 19,408,287. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market cap of $8.07 billion, a PE ratio of 9.08 and a beta of 1.32. The company's 50-day moving average is $9.43 and its two-hundred day moving average is $9.63. AGNC Investment has a fifty-two week low of $7.85 and a fifty-two week high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same period last year, the company posted $0.58 EPS. Analysts forecast that AGNC Investment will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a apr 25 dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.12 per share. This represents a dividend yield of 17.7%. The ex-dividend date of this dividend is Wednesday, April 30th. AGNC Investment's payout ratio is 360.00%.

Insider Activity at AGNC Investment

In related news, EVP Kenneth L. Pollack sold 17,500 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $9.03, for a total value of $158,025.00. Following the completion of the sale, the executive vice president now directly owns 447,841 shares of the company's stock, valued at $4,044,004.23. The trade was a 3.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Spark sold 5,000 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the sale, the director now owns 75,919 shares of the company's stock, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,166 shares of company stock valued at $1,129,259. Insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On AGNC Investment

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of AGNC Investment by 14.1% in the fourth quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust's stock valued at $767,348,000 after purchasing an additional 10,316,999 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of AGNC Investment by 18.0% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 16,996,741 shares of the real estate investment trust's stock valued at $162,828,000 after purchasing an additional 2,589,020 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 buying an additional 2,311,105 shares in the last quarter. Norges Bank bought a new position in shares of AGNC Investment in the fourth quarter valued at approximately $87,269,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of AGNC Investment by 5.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust's stock valued at $80,392,000 after acquiring an additional 424,990 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

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).