AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) shares rose 1% during mid-day trading on Wednesday . The stock traded as high as $9.11 and last traded at $9.05. Approximately 2,040,477 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 11,660,401 shares. The stock had previously closed at $8.96.
Analyst Upgrades and Downgrades
AGNC has been the topic of a number of research analyst reports. Jonestrading initiated coverage on AGNC Investment in a report on Friday, March 22nd. They set a "buy" rating and a $10.75 price target on the stock. Compass Point started coverage on AGNC Investment in a research report on Tuesday, February 20th. They issued a "buy" rating and a $10.25 target price for the company. StockNews.com upgraded AGNC Investment from a "sell" rating to a "hold" rating in a report on Tuesday, March 12th. Barclays boosted their price objective on AGNC Investment from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada reduced their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, AGNC Investment has a consensus rating of "Moderate Buy" and a consensus target price of $9.93.
Read Our Latest Stock Report on AGNC
AGNC Investment Stock Performance
The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26. The company's fifty day moving average price is $9.57 and its 200 day moving average price is $9.25. The company has a market cap of $6.28 billion, a PE ratio of 904.00 and a beta of 1.45.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.49 by $0.11. The firm had revenue of $640.00 million during the quarter, compared to analyst estimates of $570.42 million. AGNC Investment had a net margin of 7.59% and a return on equity of 28.02%. During the same quarter last year, the business posted $0.74 EPS. On average, equities research analysts predict that AGNC Investment Corp. will post 2.16 earnings per share for the current year.
AGNC Investment Announces Dividend
The firm also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a yield of 15.4%. AGNC Investment's dividend payout ratio is currently 14,400.00%.
Insider Activity
In related news, CFO Bernice Bell sold 10,000 shares of the company's stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $9.85, for a total transaction of $98,500.00. Following the sale, the chief financial officer now owns 287,282 shares of the company's stock, valued at approximately $2,829,727.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.43% of the company's stock.
Hedge Funds Weigh In On AGNC Investment
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGNC. Norges Bank bought a new stake in shares of AGNC Investment during the 4th quarter valued at about $69,215,000. Vanguard Group Inc. lifted its position in AGNC Investment by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust's stock valued at $621,628,000 after purchasing an additional 6,019,268 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of AGNC Investment in the 4th quarter worth $38,593,000. Clearbridge Investments LLC raised its position in shares of AGNC Investment by 85.6% during the 3rd quarter. Clearbridge Investments LLC now owns 7,301,298 shares of the real estate investment trust's stock valued at $68,924,000 after buying an additional 3,367,112 shares in the last quarter. Finally, GRS Advisors LLC purchased a new stake in shares of AGNC Investment during the 4th quarter valued at $32,509,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.
About AGNC Investment
(
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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