AGNC Investment (NASDAQ:AGNC) Trading Up 1.9% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC) shot up 1.9% during mid-day trading on Tuesday . The stock traded as high as $10.04 and last traded at $10.03. 22,313,527 shares traded hands during trading, a decline of 1% from the average session volume of 22,599,561 shares. The stock had previously closed at $9.84.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AGNC. JonesTrading cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Wells Fargo & Company raised their target price on shares of AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. BTIG Research cut AGNC Investment from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 6th. Barclays lifted their price target on AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.91.

AGNC Investment Stock Performance

The business’s fifty day moving average is $10.96 and its two-hundred day moving average is $10.61. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $11.36 billion, a PE ratio of 7.22 and a beta of 1.38.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). AGNC Investment had a net margin of 47.40% and a return on equity of 18.32%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $354.75 million. Equities research analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date is Tuesday, March 31st. AGNC Investment’s dividend payout ratio (DPR) is 102.86%.

Insider Buying and Selling

In other AGNC Investment news, Director Gary D. Kain sold 700,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the completion of the sale, the director directly owned 2,189,091 shares in the company, valued at $26,072,073.81. The trade was a 24.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kenneth L. Pollack sold 50,000 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total transaction of $605,500.00. Following the sale, the executive vice president directly owned 552,297 shares of the company’s stock, valued at $6,688,316.67. The trade was a 8.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 775,000 shares of company stock valued at $9,246,000 over the last 90 days. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. lifted its position in shares of AGNC Investment by 2.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 195,859 shares of the real estate investment trust’s stock valued at $2,100,000 after buying an additional 4,935 shares in the last quarter. World Investment Advisors bought a new stake in AGNC Investment during the 4th quarter valued at approximately $209,000. Advisortrust Partners LLC purchased a new position in AGNC Investment in the 4th quarter worth approximately $328,000. Corient Private Wealth LLC raised its position in shares of AGNC Investment by 275.2% during the fourth quarter. Corient Private Wealth LLC now owns 135,360 shares of the real estate investment trust’s stock valued at $1,451,000 after buying an additional 99,284 shares during the last quarter. Finally, DGS Capital Management LLC bought a new stake in AGNC Investment in the 4th quarter valued at $129,000. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.