AGNC Investment (NASDAQ:AGNC) Shares Down 0.4% on Analyst Downgrade

Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) fell 0.4% on Wednesday after Keefe, Bruyette & Woods lowered their price target on the stock from $10.00 to $9.50. Keefe, Bruyette & Woods currently has an outperform rating on the stock. AGNC Investment traded as low as $9.23 and last traded at $9.33. 2,549,999 shares changed hands during trading, a decline of 78% from the average session volume of 11,708,469 shares. The stock had previously closed at $9.37.

AGNC has been the subject of several other reports. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research note on Tuesday, March 12th. Compass Point initiated coverage on AGNC Investment in a research report on Tuesday, February 20th. They issued a "buy" rating and a $10.25 price target on the stock. Jonestrading reduced their price target on AGNC Investment from $10.75 to $10.25 and set a "buy" rating on the stock in a research report on Tuesday. Royal Bank of Canada reduced their price target on AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Thursday, January 25th. Finally, JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $9.79.

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 10,000 shares of AGNC Investment stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $9.85, for a total value of $98,500.00. Following the sale, the chief financial officer now owns 287,282 shares of the company's stock, valued at $2,829,727.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.43% of the stock is owned by company insiders.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors have recently bought and sold shares of the business. Bell Bank increased its position in AGNC Investment by 1.5% during the first quarter. Bell Bank now owns 564,106 shares of the real estate investment trust's stock worth $5,585,000 after buying an additional 8,601 shares during the last quarter. Global Retirement Partners LLC increased its position in AGNC Investment by 12.3% during the first quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust's stock worth $112,000 after buying an additional 1,238 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its position in AGNC Investment by 4.6% during the first quarter. Nicholas Hoffman & Company LLC. now owns 51,788 shares of the real estate investment trust's stock worth $513,000 after buying an additional 2,274 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in AGNC Investment during the first quarter worth approximately $617,000. Finally, PFG Investments LLC increased its position in AGNC Investment by 880.9% during the first quarter. PFG Investments LLC now owns 129,501 shares of the real estate investment trust's stock worth $1,282,000 after buying an additional 116,299 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.

AGNC Investment Trading Down 0.1 %

The company has a market cap of $6.51 billion, a P/E ratio of 10.29 and a beta of 1.45. The business has a fifty day moving average price of $9.55 and a 200-day moving average price of $9.26. 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 issued its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. The company had revenue of $642.00 million during the quarter, compared to analysts' expectations of $568.38 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. On average, analysts forecast that AGNC Investment Corp. will post 2.16 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.12 per share. This represents a dividend yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment's dividend payout ratio is presently 158.24%.

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).