AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.2% – Still a Buy?

AGNC Investment Corp. (NASDAQ:AGNCGet Free Report)’s stock price was up 0.2% during mid-day trading on Friday . The stock traded as high as $10.39 and last traded at $10.39. Approximately 1,234,505 shares changed hands during trading, a decline of 90% from the average daily volume of 12,937,135 shares. The stock had previously closed at $10.37.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and an average price target of $10.33.

Get Our Latest Research Report on AGNC

AGNC Investment Stock Performance

The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $10.24 and a 200-day simple moving average of $9.89. The company has a market capitalization of $8.06 billion, a P/E ratio of 28.08 and a beta of 1.47.

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

AGNC Investment Announces Dividend

The firm also recently declared a oct 24 dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 389.20%.

Insider Buying and Selling at AGNC Investment

In other news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the sale, the chief financial officer now owns 298,182 shares in the company, valued at approximately $3,002,692.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of AGNC Investment

Several hedge funds have recently modified their holdings of AGNC. CIBC Asset Management Inc boosted its position in AGNC Investment by 5.4% in the 2nd quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 1,012 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in AGNC Investment by 6.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 1,059 shares during the last quarter. Paragon Capital Management Ltd lifted its position in AGNC Investment by 3.6% during the 3rd quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 1,071 shares during the period. Highlander Capital Management LLC lifted its position in AGNC Investment by 8.1% during the 1st quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 1,200 shares during the period. Finally, Oak Thistle LLC grew its position in shares of AGNC Investment by 4.9% during the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 1,251 shares during the period. 38.28% of the stock is owned by institutional investors.

About AGNC Investment

(Get Free Report)

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).

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