AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.1% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC) traded down 1.1% during trading on Tuesday . The stock traded as low as $10.05 and last traded at $10.09. 12,151,172 shares traded hands during trading, a decline of 45% from the average session volume of 22,059,479 shares. The stock had previously closed at $10.20.

Analyst Ratings Changes

Several analysts have issued reports on AGNC shares. JonesTrading lowered AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $12.00 target price (up from $11.00) on shares of AGNC Investment in a research note on Thursday, January 29th. Wall Street Zen lowered AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a research note on Friday, March 27th. Finally, Barclays boosted their price objective 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. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.91.

AGNC Investment Stock Down 1.1%

The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $10.86 and a two-hundred day simple moving average of $10.61. The stock has a market cap of $11.33 billion, a P/E ratio of 7.21 and a beta of 1.38.

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

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date is Tuesday, March 31st. AGNC Investment’s dividend payout ratio is currently 102.86%.

Insider Activity at AGNC Investment

In related news, EVP Bernice Bell sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $12.14, for a total transaction of $303,500.00. Following the completion of the transaction, the executive vice president owned 491,728 shares in the company, valued at $5,969,577.92. This represents a 4.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kenneth L. Pollack sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total value of $605,500.00. Following the transaction, the executive vice president owned 552,297 shares of the company’s stock, valued at approximately $6,688,316.67. This represents a 8.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 775,000 shares of company stock worth $9,246,000 over the last quarter. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AGNC Investment

Hedge funds and other institutional investors have recently made changes to their positions in the business. GoalVest Advisory LLC bought a new position in shares of AGNC Investment during the fourth quarter valued at approximately $26,000. Atlantic Union Bankshares Corp bought a new position in shares of AGNC Investment during the third quarter valued at approximately $29,000. Sound Income Strategies LLC raised its holdings in shares of AGNC Investment by 61.1% during the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,048 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in AGNC Investment in the fourth quarter worth $33,000. Finally, National Bank of Canada FI raised its holdings in AGNC Investment by 100.9% in the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,690 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

About AGNC Investment

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.