AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.1%

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s stock price dropped 1.1% during mid-day trading on Monday . The company traded as low as $9.77 and last traded at $9.79. Approximately 2,931,330 shares were traded during trading, a decline of 75% from the average daily volume of 11,888,619 shares. The stock had previously closed at $9.90.

Wall Street Analyst Weigh In

AGNC has been the subject of a number of recent research reports. StockNews.com upgraded shares of AGNC Investment from a "sell" rating to a "hold" rating in a research note on Tuesday, March 12th. Royal Bank of Canada lowered their price target on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a report on Thursday, January 25th. Barclays upped their price objective on AGNC Investment from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Monday, January 22nd. Jonestrading started coverage on AGNC Investment in a research note on Friday, March 22nd. They issued a "buy" rating and a $10.75 target price on the stock. Finally, Compass Point initiated coverage on AGNC Investment in a research note on Tuesday, February 20th. They set a "buy" rating and a $10.25 price target for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, AGNC Investment presently has a consensus rating of "Moderate Buy" and an average target price of $10.06.

AGNC Investment Price 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 firm has a market capitalization of $6.81 billion, a PE ratio of 980.98 and a beta of 1.45. The company has a 50-day moving average price of $9.61 and a 200-day moving average price of $9.28.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.11. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. The business had revenue of $640.00 million during the quarter, compared to the consensus estimate of $570.42 million. During the same quarter in the previous year, the business earned $0.74 earnings per share. Sell-side analysts forecast that AGNC Investment Corp. will post 2.16 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a mar 24 dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Friday, March 29th will be given a $0.12 dividend. This represents a yield of 14.8%. The ex-dividend date of this dividend is Wednesday, March 27th. AGNC Investment's dividend payout ratio (DPR) is presently 14,414.41%.

Insider Activity

In other news, CFO Bernice Bell sold 10,000 shares of AGNC Investment 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 in the company, valued at $2,829,727.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.43% of the company's stock.

Hedge Funds Weigh In On AGNC Investment

Institutional investors have recently made changes to their positions in the business. Confluence Investment Management LLC acquired a new stake in shares of AGNC Investment in the 1st quarter valued at about $1,059,000. Quadrature Capital Ltd bought a new stake in AGNC Investment in the fourth quarter valued at about $1,670,000. PNC Financial Services Group Inc. raised its stake in AGNC Investment by 43.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 21,021 shares of the real estate investment trust's stock valued at $206,000 after buying an additional 6,369 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in AGNC Investment by 339.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 133,230 shares of the real estate investment trust's stock worth $1,323,000 after buying an additional 102,933 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of AGNC Investment by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust's stock worth $621,628,000 after acquiring an additional 6,019,268 shares in the last quarter. 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).