AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) traded down 0.8% on Wednesday . The stock traded as low as $9.61 and last traded at $9.62. 3,721,005 shares changed hands during trading, a decline of 68% from the average session volume of 11,767,382 shares. The stock had previously closed at $9.70.
Wall Street Analyst Weigh In
Several research analysts have issued reports on AGNC shares. StockNews.com upgraded AGNC Investment from a "sell" rating to a "hold" rating in a research report on Tuesday, March 12th. UBS Group restated a "neutral" rating and set a $9.00 target price on shares of AGNC Investment in a report on Wednesday, December 6th. Jonestrading assumed coverage on AGNC Investment in a report on Friday, March 22nd. They set a "buy" rating and a $10.75 target price for the company. Keefe, Bruyette & Woods upped their price target on AGNC Investment from $8.50 to $10.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 13th. Finally, Compass Point began coverage on AGNC Investment in a research report on Tuesday, February 20th. They set a "buy" rating and a $10.25 price target on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $10.06.
View Our Latest Stock Analysis on AGNC Investment
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 has a market capitalization of $6.73 billion, a PE ratio of 969.97 and a beta of 1.45. The firm's fifty day simple moving average is $9.61 and its 200 day simple moving average is $9.28.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its earnings results on Monday, January 29th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.11. AGNC Investment had a net margin of 7.59% and a return on equity of 28.02%. The business had revenue of $640.00 million for the quarter, compared to analyst estimates of $570.42 million. During the same period in the prior year, the company posted $0.74 EPS. On average, research analysts predict that AGNC Investment Corp. will post 2.16 EPS for the current year.
AGNC Investment Dividend Announcement
The company also recently announced a mar 24 dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.12 per share. This represents a dividend yield of 14.8%. The ex-dividend date is Wednesday, March 27th. AGNC Investment's payout ratio is currently 14,414.41%.
Insider Transactions at AGNC Investment
In related news, CFO Bernice Bell sold 10,000 shares of the firm's stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $9.85, for a total value of $98,500.00. Following the transaction, the chief financial officer now directly owns 287,282 shares of the company's stock, valued at approximately $2,829,727.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.43% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of AGNC. Norges Bank purchased a new position in AGNC Investment in the 4th quarter valued at about $69,215,000. Vanguard Group Inc. lifted its stake in 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 valued at $621,628,000 after buying an additional 6,019,268 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in AGNC Investment in the 2nd quarter valued at about $52,644,000. Vaughan Nelson Investment Management L.P. purchased a new position in AGNC Investment in the 4th quarter worth approximately $38,593,000. Finally, Clearbridge Investments LLC lifted its stake in AGNC Investment by 85.6% in the 3rd quarter. Clearbridge Investments LLC now owns 7,301,298 shares of the real estate investment trust's stock worth $68,924,000 after purchasing an additional 3,367,112 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.
AGNC Investment Company Profile
(
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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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