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

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price was up 0.9% during trading on Monday . The stock traded as high as $9.33 and last traded at $9.29. Approximately 2,710,795 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 11,811,791 shares. The stock had previously closed at $9.21.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AGNC shares. Keefe, Bruyette & Woods cut their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Barclays raised their price objective on AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, January 22nd. Compass Point assumed coverage on shares of AGNC Investment in a report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 target price for the company. Royal Bank of Canada decreased their price target on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $9.79.

AGNC Investment Price Performance

The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 10.21 and a beta of 1.45. The company has a fifty day simple moving average of $9.55 and a 200 day simple moving average of $9.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26.

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

AGNC Investment Dividend Announcement

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

Insider Buying and Selling

In related news, Director Frances Spark sold 5,000 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the completion of the sale, the director now directly owns 75,545 shares in the company, valued at approximately $706,345.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is owned by insiders.

Institutional Investors Weigh In On AGNC Investment

Large investors have recently made changes to their positions in the business. MeadowBrook Investment Advisors LLC purchased a new position in shares of AGNC Investment during the 4th quarter worth approximately $30,000. Bruce G. Allen Investments LLC purchased a new stake in shares of AGNC Investment in the 4th quarter worth about $37,000. Verity & Verity LLC purchased a new position in AGNC Investment during the 1st quarter valued at about $45,000. CENTRAL TRUST Co purchased a new position in shares of AGNC Investment in the 4th quarter worth $46,000. Finally, Allworth Financial LP grew its holdings in shares of AGNC Investment by 76.5% in 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 during the period. 38.28% of the stock is currently owned by institutional investors.

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).