AGNC Investment (NASDAQ:AGNC) Trading 0.7% Higher

Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) traded up 0.7% during mid-day trading on Tuesday . The company traded as high as $9.77 and last traded at $9.77. 2,702,693 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 11,622,300 shares. The stock had previously closed at $9.70.

Analysts Set New Price Targets

Several research firms have commented on AGNC. StockNews.com raised shares of AGNC Investment from a "sell" rating to a "hold" rating in a research report on Tuesday, March 12th. Barclays raised their price objective on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Monday, January 22nd. JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a research note on Thursday, April 18th. Jonestrading lowered their price target on shares of AGNC Investment from $10.75 to $10.25 and set a "buy" rating on the stock in a report on Tuesday, April 23rd. Finally, Compass Point initiated coverage on AGNC Investment in a report on Tuesday, February 20th. They set a "buy" rating and a $10.25 price objective for the company. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $9.79.

AGNC Investment Price Performance

The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $7.09 billion, a PE ratio of 10.73 and a beta of 1.45. The firm's 50-day moving average is $9.54 and its 200-day moving average is $9.38.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. During the same quarter in the prior year, the firm earned $0.70 earnings per share. Equities analysts predict that AGNC Investment Corp. will post 2.1 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a may 24 dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, May 31st. This represents a dividend yield of 14.9%. AGNC Investment's dividend payout ratio (DPR) is currently 158.24%.

Insider Activity at AGNC Investment

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

Institutional Investors Weigh In On AGNC Investment

Several hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in AGNC Investment by 20.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,115 shares of the real estate investment trust's stock valued at $1,096,000 after purchasing an additional 19,599 shares during the last quarter. Park Avenue Securities LLC bought a new position in AGNC Investment in the 3rd quarter valued at approximately $223,000. ING Groep NV bought a new stake in shares of AGNC Investment in the 3rd quarter worth $1,078,000. Teamwork Financial Advisors LLC bought a new position in shares of AGNC Investment during the third quarter valued at $110,000. Finally, Tranquility Partners LLC purchased a new stake in shares of AGNC Investment during the third quarter valued at $166,000. Institutional investors own 38.28% of the company's stock.

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).