AGNC Investment (NASDAQ:AGNC) Stock Price Down 3.2% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC) shares fell 3.2% during trading on Monday. The stock traded as low as $8.39 and last traded at $8.44. Approximately 41,534,427 shares traded hands during trading, an increase of 91% from the average session volume of 21,701,426 shares. The stock had previously closed at $8.72.

Analysts Set New Price Targets

AGNC has been the topic of several research reports. Wells Fargo & Company cut their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Compass Point lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research note on Friday, July 17th. Piper Sandler lowered their price objective on shares of AGNC Investment from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 9th. Weiss Ratings cut shares of AGNC Investment from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.89.

AGNC Investment Stock Performance

The company has a 50 day simple moving average of $10.01 and a two-hundred day simple moving average of $10.41. The firm has a market cap of $10.01 billion, a PE ratio of 4.44 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. As a group, research analysts predict that AGNC Investment Corp. will post 1.60 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be given a $0.12 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.1%. AGNC Investment’s dividend payout ratio is 75.79%.

Insiders Place Their Bets

In other news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the transaction, the executive vice president directly owned 406,947 shares of the company’s stock, valued at $4,476,417. This represents a 1.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Hedge funds and other institutional investors have recently made changes to their positions in the company. Delta Asset Management LLC TN purchased a new stake in shares of AGNC Investment during the second quarter worth $25,000. Danske Bank A S acquired a new stake in shares of AGNC Investment in the second quarter valued at about $26,000. Avion Wealth raised its position in shares of AGNC Investment by 286.3% in the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,021 shares during the last quarter. MCF Advisors LLC lifted its stake in shares of AGNC Investment by 254.1% in the second quarter. MCF Advisors LLC now owns 2,408 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,728 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of AGNC Investment in the second quarter worth about $28,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.