AGNC Investment (NASDAQ:AGNC) Shares Up 0.3%

AGNC Investment Corp. (NASDAQ:AGNC) rose 0.3% on Monday . The stock traded as high as $10.26 and last traded at $10.24. Approximately 1,922,683 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 12,453,934 shares. The stock had previously closed at $10.21.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AGNC shares. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Janney Montgomery Scott assumed coverage on AGNC Investment in a research note on Thursday, June 6th. They set a “buy” rating and a $10.50 price objective on the stock. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, Compass Point raised their price target on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.13.

AGNC Investment Trading Down 0.8 %

The stock’s 50 day simple moving average is $10.10 and its two-hundred day simple moving average is $9.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $7.40 billion, a PE ratio of 11.18 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The firm had revenue of $695.00 million for the quarter, compared to the consensus estimate of $643.29 million. During the same period last year, the company posted $0.67 earnings per share. AGNC Investment’s revenue for the quarter was up 52.1% on a year-over-year basis. On average, sell-side analysts expect that AGNC Investment Corp. will post 2.11 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a aug 24 dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.12 per share. This represents a yield of 14.5%. The ex-dividend date of this dividend is Friday, August 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Insiders Place Their Bets

In related news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total transaction of $49,850.00. Following the sale, the chief financial officer now directly owns 308,182 shares in the company, valued at approximately $3,072,574.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new stake in shares of AGNC Investment in the second quarter worth about $365,000. New Wave Wealth Advisors LLC bought a new stake in AGNC Investment during the 2nd quarter worth approximately $165,000. Founders Financial Alliance LLC lifted its stake in AGNC Investment by 33.4% in the 2nd quarter. Founders Financial Alliance LLC now owns 117,124 shares of the real estate investment trust’s stock worth $1,117,000 after purchasing an additional 29,339 shares in the last quarter. PVG Asset Management Corp bought a new position in AGNC Investment in the 2nd quarter valued at $368,000. Finally, Cetera Investment Advisers grew its position in shares of AGNC Investment by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 330,181 shares of the real estate investment trust’s stock valued at $3,150,000 after purchasing an additional 6,070 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).