AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.3% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC) shares dropped 1.3% during mid-day trading on Thursday. The stock traded as low as $8.87 and last traded at $8.95. 50,853,455 shares were traded during mid-day trading, an increase of 144% from the average daily volume of 20,875,764 shares. The stock had previously closed at $9.07.

Analysts Set New Price Targets

Several analysts recently commented on AGNC shares. Wells Fargo & Company cut their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. 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. Compass Point cut shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a report on Friday, July 17th. Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Finally, Piper Sandler increased their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, AGNC Investment currently has a consensus rating of “Hold” and an average target price of $11.11.

AGNC Investment Price Performance

The business’s 50 day moving average price is $10.43 and its 200 day moving average price is $10.51. The stock has a market capitalization of $10.42 billion, a P/E ratio of 4.63 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share 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 firm had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the company earned ($0.17) earnings per share. As a group, 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 disclosed a monthly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 16.4%. AGNC Investment’s payout ratio is presently 75.79%.

Insider Activity at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was 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 owned 406,947 shares in the company, valued at approximately $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

About AGNC Investment

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.