AGNC Investment (NASDAQ:AGNC) Stock Price Down 3.2% - What's Next?

Key Points

• AGNC Investment shares fell 3.2% to $8.44 in heavy trading, well below the 50-day and 200-day moving averages of $10.01 and $10.41, respectively.
• Analysts maintain a generally cautious outlook: three rate the stock a Buy and eight rate it a Hold, with a consensus price target of $10.89.
• The mortgage REIT met quarterly earnings expectations at $0.37 per share and declared a monthly dividend of $0.12, representing a 17.1% annualized yield.

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s stock price was down 3.2% during mid-day trading on Monday. The company traded as low as $8.39 and last traded at $8.44. Approximately 41,534,427 shares were traded during trading, an increase of 91% from the average session volume of 21,701,426 shares. The stock had previously closed at $8.72.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AGNC shares. Wells Fargo & Company reduced their target price 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. Compass Point downgraded shares of AGNC Investment from a "buy" rating to a "neutral" rating and set a $11.50 price target on the stock. in a report on Friday, July 17th. JPMorgan Chase & Co. reiterated 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. Weiss Ratings lowered shares of AGNC Investment from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a "market perform" rating for the company in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $10.89.

AGNC Investment Stock Down 3.2%

The business has a 50 day moving average price of $10.01 and a two-hundred day moving average price of $10.41. The stock has a market cap of $10.01 billion, a P/E ratio of 4.44 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%. On average, research analysts forecast that AGNC Investment Corp. will post 1.60 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be paid a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 17.1%. The ex-dividend date is Friday, October 30th. AGNC Investment's dividend payout ratio is presently 75.79%.

Insider Transactions at AGNC Investment

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the sale, the executive vice president directly owned 406,947 shares of the company's stock, valued at $4,476,417. This trade represents a 1.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AGNC Investment

Hedge funds have recently modified their holdings of the stock. Handelsbanken Fonder AB boosted its position in AGNC Investment by 0.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust's stock valued at $3,851,000 after buying an additional 900 shares during the period. Davidson Trust Co. grew its stake in AGNC Investment by 4.4% in the 1st quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust's stock worth $234,000 after acquiring an additional 985 shares in the last quarter. Wedmont Private Capital increased its position in shares of AGNC Investment by 1.4% during the second quarter. Wedmont Private Capital now owns 73,805 shares of the real estate investment trust's stock worth $821,000 after acquiring an additional 988 shares during the period. Spinnaker Investment Group LLC increased its position in shares of AGNC Investment by 1.4% during the second quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust's stock worth $824,000 after acquiring an additional 1,014 shares during the period. Finally, NWF Advisory Services Inc. increased its position in shares of AGNC Investment by 8.2% during the second quarter. NWF Advisory Services Inc. now owns 13,475 shares of the real estate investment trust's stock worth $147,000 after acquiring an additional 1,026 shares during the period. Hedge funds and other institutional investors own 38.28% of the company's stock.

AGNC Investment Company Profile

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.

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