AGNC Investment (NASDAQ:AGNC) Trading 1.1% Higher – Time to Buy?

AGNC Investment Corp. (NASDAQ:AGNC) rose 1.1% on Tuesday . The company traded as high as $9.32 and last traded at $9.31. Approximately 6,751,318 shares were traded during trading, a decline of 68% from the average daily volume of 21,294,766 shares. The stock had previously closed at $9.21.

Analyst Ratings Changes

Several brokerages have issued reports on AGNC. JPMorgan Chase & Co. dropped their target price on AGNC Investment from $9.50 to $8.50 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company dropped their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Argus reaffirmed a “hold” rating on shares of AGNC Investment in a research note on Tuesday, April 29th. Keefe, Bruyette & Woods decreased their target price on shares of AGNC Investment from $10.25 to $9.50 and set an “outperform” rating on the stock in a report on Tuesday, June 3rd. Finally, Royal Bank of Canada cut their price target on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and a consensus target price of $9.75.

AGNC Investment Stock Up 1.2%

The business’s 50 day moving average price is $8.81 and its 200-day moving average price is $9.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market capitalization of $9.51 billion, a PE ratio of 9.61 and a beta of 1.29.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $846.00 million during the quarter, compared to the consensus estimate of $436.71 million. AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. During the same quarter last year, the firm earned $0.58 EPS. As a group, equities research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a may 25 dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 30th will be issued a $0.12 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 16.2%. AGNC Investment’s dividend payout ratio is presently 360.00%.

Insider Activity at AGNC Investment

In other AGNC Investment news, EVP Kenneth L. Pollack sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $9.03, for a total transaction of $158,025.00. Following the sale, the executive vice president now directly owns 447,841 shares in the company, valued at $4,044,004.23. This represents a 3.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Donna Blank sold 17,218 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total value of $149,280.06. Following the sale, the director now directly owns 90,345 shares in the company, valued at $783,291.15. This represents a 16.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,384 shares of company stock worth $1,228,039 in the last three months. 0.42% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fourth Dimension Wealth LLC acquired a new stake in AGNC Investment in the 4th quarter valued at about $26,000. N.E.W. Advisory Services LLC purchased a new position in AGNC Investment in the first quarter worth approximately $28,000. National Bank of Canada FI grew its holdings in AGNC Investment by 112.7% during the 4th quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,832 shares in the last quarter. Larson Financial Group LLC increased its position in shares of AGNC Investment by 326.3% in the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 2,519 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of AGNC Investment in the 1st quarter valued at $34,000. 38.28% of the stock is currently owned by hedge funds and other 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).