AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.2% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded down 1.2% on Monday . The stock traded as low as $10.61 and last traded at $10.77. 19,823,459 shares changed hands during trading, a decline of 6% from the average session volume of 21,170,785 shares. The stock had previously closed at $10.90.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. JPMorgan Chase & Co. dropped their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday. Wells Fargo & Company boosted their target price on shares of AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Barclays raised their price target on shares of AGNC Investment from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Finally, JonesTrading lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Thursday, January 22nd. Four investment 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, AGNC Investment currently has an average rating of “Hold” and an average price target of $11.03.

AGNC Investment Price Performance

The business’s 50 day moving average is $10.66 and its two-hundred day moving average is $10.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market capitalization of $12.10 billion, a PE ratio of 7.69 and a beta of 1.38.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $354.75 million. AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%. Equities research analysts anticipate that AGNC Investment Corp. will post 1.48 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, May 11th. Stockholders of record on Thursday, April 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 13.4%. AGNC Investment’s payout ratio is presently 102.86%.

Insider Activity

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

Institutional Trading of AGNC Investment

Several hedge funds have recently modified their holdings of the company. GoalVest Advisory LLC bought a new stake in shares of AGNC Investment in the 4th quarter worth about $26,000. Atlantic Union Bankshares Corp purchased a new position in AGNC Investment during the 3rd quarter worth $29,000. Sound Income Strategies LLC grew its holdings in AGNC Investment by 61.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,048 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in AGNC Investment during 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. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Company Profile

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.