AGNC Investment (NASDAQ:AGNC) Shares Up 1.1% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price was up 1.1% during trading on Monday . The company traded as high as $9.04 and last traded at $8.95. Approximately 7,420,660 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 19,081,483 shares. The stock had previously closed at $8.85.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AGNC. JPMorgan Chase & Co. dropped their target price on shares of AGNC Investment from $9.50 to $8.50 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Argus upgraded AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Finally, Jones Trading lowered their price objective on AGNC Investment from $10.25 to $9.50 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and an average price target of $10.11.

AGNC Investment Price Performance

The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 9.28 and a beta of 1.32. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average is $9.56 and its two-hundred day moving average is $9.66.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, April 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. The business had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $436.71 million. During the same quarter in the prior year, the business earned $0.58 EPS. Equities research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a apr 25 dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 30th will be given a $0.12 dividend. This represents a yield of 17.7%. The ex-dividend date of this dividend is Wednesday, April 30th. AGNC Investment’s payout ratio is 360.00%.

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 that occurred on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now directly owns 75,919 shares in the company, valued at $766,781.90. This represents a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at $3,737,149.04. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Institutional Trading of AGNC Investment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its stake in shares of AGNC Investment by 4.8% in the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust’s stock valued at $16,242,000 after purchasing an additional 71,330 shares during the last quarter. Tidal Investments LLC increased its position in AGNC Investment by 3.3% during the 3rd quarter. Tidal Investments LLC now owns 96,081 shares of the real estate investment trust’s stock worth $1,005,000 after purchasing an additional 3,075 shares during the period. Peapack Gladstone Financial Corp acquired a new stake in shares of AGNC Investment in the 3rd quarter worth approximately $142,000. Franklin Resources Inc. raised its position in shares of AGNC Investment by 35.8% during the 3rd quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust’s stock worth $6,060,000 after purchasing an additional 154,029 shares during the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in AGNC Investment in the 4th quarter valued at about $386,000. Institutional investors and hedge funds 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).