AGNC Investment (NASDAQ:AGNC) Reaches New 52-Week Low - Should You Sell?

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $9.33 and last traded at $9.45, with a volume of 39388672 shares changing hands. The stock had previously closed at $9.46.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Thursday, July 23rd. Weiss Ratings raised shares of AGNC Investment from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. Keefe, Bruyette & Woods dropped 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 research report on Wednesday, July 22nd. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Finally, Compass Point cut shares of AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price target for the company. in a research note on Friday, July 17th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $11.11.

AGNC Investment Price Performance

The stock has a market capitalization of $11.20 billion, a price-to-earnings ratio of 4.97 and a beta of 1.32. The firm has a 50 day simple moving average of $10.53 and a 200-day simple moving average of $10.54.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. The company had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company earned ($0.17) EPS. On average, sell-side analysts forecast that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be given a $0.12 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.44 dividend on an annualized basis and a yield of 15.2%. AGNC Investment's payout ratio is 75.79%.

Insiders Place Their Bets

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the company's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the sale, the executive vice president directly owned 406,947 shares of the company's stock, valued at approximately $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Delta Asset Management LLC TN bought a new position in AGNC Investment in the 2nd quarter valued at $25,000. Danske Bank A S acquired a new position in AGNC Investment in the second quarter worth $26,000. MCF Advisors LLC grew its holdings in shares of AGNC Investment by 254.1% during the second quarter. MCF Advisors LLC now owns 2,408 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 1,728 shares during the last quarter. Osbon Capital Management LLC bought a new stake in AGNC Investment during the 2nd quarter worth about $28,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of AGNC Investment during the second quarter valued at approximately $28,000. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Company Profile

AGNC Investment Corp. is an internally managed real estate investment trust that invests primarily in agency residential mortgage-backed securities. Its portfolio generally includes mortgage pass-through securities and collateralized mortgage obligations issued or guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae. Because these securities carry government or government-sponsored enterprise backing, the company's investment strategy focuses on interest-rate and prepayment risks rather than traditional residential credit risk.

AGNC finances its investments largely through repurchase agreements and uses interest-rate swaps, swaptions, and other hedging instruments to manage exposure to changing interest rates and funding costs.

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