AGNC Investment (NASDAQ:AGNC) Hits New 52-Week Low - What's Next?

Key Points

• AGNC Investment hit a new 52-week low, trading as low as $8.30 and last at $8.355, below its previous close of $8.48.
• Analyst sentiment is mixed but leans to Hold: three analysts rate the stock Buy, seven Hold, and one Sell, with a consensus price target of $10.12. Several firms recently lowered their targets.
• AGNC matched quarterly EPS estimates at $0.37 and reported revenue of $1.20 billion, above expectations. Its recently paid monthly dividend of $0.12 equates to a stated annualized yield of 17.2%.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $8.30 and last traded at $8.3550, with a volume of 3,971,666 shares changing hands. The stock had previously closed at $8.48.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of AGNC Investment from $11.00 to $10.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 21st. Barclays dropped their target price on shares of AGNC Investment from $10.00 to $9.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 21st. JPMorgan Chase & Co. upped their target price on shares of AGNC Investment from $8.00 to $8.50 and gave the stock a "neutral" rating in a research report on Friday, October 23rd. Royal Bank Of Canada decreased their price target on shares of AGNC Investment from $12.00 to $10.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 21st. Finally, Keefe, Bruyette & Woods lowered their price target on shares of AGNC Investment from $12.00 to $11.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, AGNC Investment has a consensus rating of "Hold" and a consensus target price of $10.12.

AGNC Investment Price Performance

The firm has a 50 day moving average price of $9.25 and a 200-day moving average price of $10.38. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 834.03 and a beta of 1.40.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Monday, October 19th. The real estate investment trust reported $0.37 EPS for the quarter, hitting analysts' consensus estimates of $0.37. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. On average, sell-side analysts expect that AGNC Investment Corp. will post 1.56 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th were paid a $0.12 dividend. This represents a $1.44 annualized dividend and a dividend yield of 17.2%. The ex-dividend date of this dividend was Friday, October 30th. AGNC Investment's dividend payout ratio (DPR) is 14,400.00%.

Insider Activity at AGNC Investment

In related news, CEO Peter Federico sold 67,794 shares of the business's stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $8.87, for a total transaction of $601,332.78. Following the completion of the sale, the chief executive officer directly owned 1,846,083 shares of the company's stock, valued at $16,374,756.21. The trade was a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently bought and sold shares of the business. Handelsbanken Fonder AB grew its holdings in AGNC Investment by 0.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust's stock worth $3,851,000 after acquiring an additional 900 shares during the period. Wedmont Private Capital lifted its stake in shares of AGNC Investment by 1.4% in the 2nd quarter. Wedmont Private Capital now owns 73,805 shares of the real estate investment trust's stock valued at $821,000 after purchasing an additional 988 shares during the period. Spinnaker Investment Group LLC lifted its stake in shares of AGNC Investment by 1.4% in the 2nd quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust's stock valued at $824,000 after purchasing an additional 1,014 shares during the period. NWF Advisory Services Inc. boosted its position in shares of AGNC Investment by 8.2% in the 2nd quarter. NWF Advisory Services Inc. now owns 13,475 shares of the real estate investment trust's stock worth $147,000 after purchasing an additional 1,026 shares during the last quarter. Finally, Archer Investment Corp boosted its position in shares of AGNC Investment by 31.4% in the 1st quarter. Archer Investment Corp now owns 4,889 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 1,169 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

About AGNC Investment

AGNC Investment Corp. is a mortgage real estate investment trust that focuses primarily on investing in agency residential mortgage-backed securities. These securities are backed by mortgages and carry guarantees or support from U.S. government agencies or government-sponsored enterprises. The company's portfolio includes mortgage pass-through securities and collateralized mortgage obligations. AGNC finances its investments and uses hedging strategies to manage risks associated with interest rates and mortgage markets.

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