AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) dropped 1.5% on Thursday 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 $9.16 and last traded at $9.22. Approximately 4,983,955 shares traded hands during trading, a decline of 58% from the average daily volume of 11,734,414 shares. The stock had previously closed at $9.36.
AGNC has been the topic of a number of other reports. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a research note on Thursday, April 18th. StockNews.com upgraded shares of AGNC Investment from a "sell" rating to a "hold" rating in a research note on Tuesday, March 12th. Barclays lifted their price objective on shares of 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 dropped their price target on shares of AGNC Investment from $10.75 to $10.25 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada dropped their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.79.
Read Our Latest Report on AGNC Investment
Insiders Place Their Bets
In other news, CFO Bernice Bell sold 10,000 shares of the company's 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 transaction, the chief financial officer now owns 287,282 shares in the company, valued at approximately $2,829,727.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Frances Spark sold 5,000 shares of the 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 completion of the sale, the director now directly 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 can be accessed through this hyperlink. Also, CFO Bernice Bell sold 10,000 shares of the firm's stock in a transaction on Friday, January 26th. The stock was sold at an average price of $9.85, for a total value of $98,500.00. Following the completion of the transaction, the chief financial officer now directly owns 287,282 shares of the company's stock, valued at $2,829,727.70. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of AGNC. Verity & Verity LLC acquired a new stake in AGNC Investment in the first quarter worth about $45,000. Bell Bank grew its holdings in shares of 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 in the last quarter. Global Retirement Partners LLC raised its holdings in shares of AGNC Investment by 12.3% in the first quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust's stock valued at $112,000 after purchasing an additional 1,238 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its stake in AGNC Investment by 4.6% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 51,788 shares of the real estate investment trust's stock valued at $513,000 after buying an additional 2,274 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in AGNC Investment in the 1st quarter valued at $617,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.
AGNC Investment Stock Down 1.3 %
The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 10.13 and a beta of 1.45. The firm's 50 day moving average price is $9.56 and its two-hundred day moving average price is $9.26. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. The business had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. During the same quarter in the previous year, the firm posted $0.70 EPS. Sell-side analysts anticipate that AGNC Investment Corp. will post 2.18 earnings per share for the current fiscal year.
AGNC Investment Dividend Announcement
The company also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, April 29th. This represents a dividend yield of 15.4%. AGNC Investment's dividend payout ratio is 158.24%.
About AGNC Investment
(
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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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