AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.9%

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded up 0.9% during mid-day trading on Wednesday . The company traded as high as $9.24 and last traded at $9.23. 2,377,715 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 11,760,533 shares. The stock had previously closed at $9.15.

Wall Street Analysts Forecast Growth

AGNC has been the subject of a number of research analyst reports. Jonestrading dropped their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Royal Bank of Canada dropped their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, January 25th. Keefe, Bruyette & Woods reduced their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Barclays raised their price target on AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, January 22nd. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.79.

AGNC Investment Price Performance

The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 10.14 and a beta of 1.45. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $9.54 and its 200-day moving average is $9.27.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. The company had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. During the same quarter in the previous year, the firm earned $0.70 EPS. Equities research analysts predict that AGNC Investment Corp. will post 2.1 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a yield of 15.4%. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total value of $46,750.00. Following the completion of the sale, the director now directly owns 75,545 shares of the company’s stock, valued at approximately $706,345.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds have recently made changes to their positions in AGNC. MeadowBrook Investment Advisors LLC bought a new position in shares of AGNC Investment during the 4th quarter worth $30,000. Bruce G. Allen Investments LLC bought a new stake in shares of AGNC Investment in the fourth quarter valued at approximately $37,000. Verity & Verity LLC purchased a new stake in shares of AGNC Investment during the 1st quarter valued at approximately $45,000. CENTRAL TRUST Co purchased a new position in AGNC Investment in the 4th quarter valued at approximately $46,000. Finally, Allworth Financial LP lifted its position in shares of AGNC Investment by 76.5% during the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,096 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Company Profile

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).