AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.7% After Dividend Announcement

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) shares shot up 0.7% during trading on Thursday following a dividend announcement from the company. The company traded as high as $9.61 and last traded at $9.60. 2,554,368 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 11,710,838 shares. The stock had previously closed at $9.53.

The newly announced dividend which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 31st will be given a $0.12 dividend. AGNC Investment's dividend payout ratio is 158.24%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AGNC shares. Keefe, Bruyette & Woods decreased their price target on shares of AGNC Investment from $10.00 to $9.50 and set an "outperform" rating for the company in a report on Wednesday, April 24th. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a research note on Thursday, April 18th. Compass Point assumed coverage on shares of AGNC Investment in a research report on Tuesday, February 20th. They issued a "buy" rating and a $10.25 price target for the company. Royal Bank of Canada dropped their target price 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. Finally, Jonestrading cut their price target on AGNC Investment from $10.75 to $10.25 and set a "buy" rating on the stock in a research note on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $9.79.

AGNC Investment Trading Up 1.2 %

The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 10.55 and a beta of 1.45. The business's 50 day simple moving average is $9.53 and its 200 day simple moving average is $9.30. 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 (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 the consensus estimate of $0.56 by $0.02. The firm had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. During the same quarter in the prior year, the company earned $0.70 earnings per share. On average, research analysts expect that AGNC Investment Corp. will post 2.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Frances Spark sold 5,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 75,545 shares of the company's stock, valued at $706,345.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of the business's stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of the transaction, the chief financial officer now owns 309,973 shares of the company's stock, valued at $2,888,948.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the transaction, the director now owns 75,545 shares of the company's stock, valued at $706,345.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,900 shares of company stock valued at $149,030. Company insiders own 0.43% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AGNC. Rogco LP bought a new stake in AGNC Investment in the first quarter valued at approximately $148,000. Cozad Asset Management Inc. increased its position in shares of AGNC Investment by 6.0% during the first quarter. Cozad Asset Management Inc. now owns 141,778 shares of the real estate investment trust's stock worth $1,404,000 after buying an additional 8,027 shares during the period. Avantax Advisory Services Inc. raised its stake in AGNC Investment by 6.7% during the first quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust's stock worth $167,000 after buying an additional 1,059 shares during the last quarter. US Bancorp DE lifted its holdings in AGNC Investment by 26.3% in the first quarter. US Bancorp DE now owns 62,676 shares of the real estate investment trust's stock valued at $620,000 after buying an additional 13,041 shares during the period. Finally, Atomi Financial Group Inc. boosted its position in AGNC Investment by 17.0% during the first quarter. Atomi Financial Group Inc. now owns 25,257 shares of the real estate investment trust's stock valued at $250,000 after acquiring an additional 3,663 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Company Profile

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).