AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) Director Frances Spark sold 5,000 shares of the business's stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total value of $46,750.00. Following the completion of the transaction, the director now directly owns 75,545 shares in the company, valued at approximately $706,345.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
AGNC Investment Stock Performance
Shares of NASDAQ:AGNC traded down $0.12 during midday trading on Thursday, reaching $9.24. 18,854,814 shares of the company traded hands, compared to its average volume of 11,915,349. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12 month low of $6.81 and a 12 month high of $10.64. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 10.13 and a beta of 1.45. The firm's fifty day moving average price is $9.56 and its two-hundred day moving average price is $9.26.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. The company had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same period in the previous year, the company posted $0.70 EPS. On average, equities analysts expect that AGNC Investment Corp. will post 2.18 earnings per share for the current year.
AGNC Investment Dividend Announcement
The business also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, April 29th. This represents a dividend yield of 15.4%. AGNC Investment's payout ratio is 158.24%.
Institutional Trading of AGNC Investment
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MeadowBrook Investment Advisors LLC bought a new position in AGNC Investment in the 4th quarter worth about $30,000. Bruce G. Allen Investments LLC bought a new position in AGNC Investment in the 4th quarter worth about $37,000. Verity & Verity LLC bought a new position in AGNC Investment in the 1st quarter worth about $45,000. CENTRAL TRUST Co bought a new position in AGNC Investment in the 4th quarter worth about $46,000. Finally, Allworth Financial LP boosted its holdings in shares of AGNC Investment by 76.5% in the 4th quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 2,096 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have weighed in on AGNC shares. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research report on Tuesday, March 12th. Compass Point started coverage on AGNC Investment in a research report on Tuesday, February 20th. They issued a "buy" rating and a $10.25 price objective on the stock. Keefe, Bruyette & Woods cut their price objective on AGNC Investment from $10.00 to $9.50 and set an "outperform" rating on the stock in a research report on Wednesday. Barclays upped their price target on AGNC Investment from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Monday, January 22nd. Finally, Royal Bank of Canada dropped their price target on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, AGNC Investment currently has a consensus rating of "Moderate Buy" and an average target price of $9.79.
Read Our Latest Research Report on AGNC
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).
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