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

AGNC Investment Corp. (NASDAQ:AGNC) was up 0.9% during mid-day trading on Wednesday . The stock traded as high as $9.24 and last traded at $9.23. Approximately 2,377,715 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 11,760,533 shares. The stock had previously closed at $9.15.

Wall Street Analysts Forecast Growth

AGNC has been the subject of several research reports. Barclays boosted their price objective on shares of AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, January 22nd. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Jonestrading reduced their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Finally, Compass Point began coverage on shares of AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.79.

AGNC Investment Trading Up 0.5 %

The firm has a market cap of $6.46 billion, a PE ratio of 10.22 and a beta of 1.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average price is $9.53 and its two-hundred day moving average price is $9.27.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The business 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 period last year, the business earned $0.70 EPS. As a group, sell-side analysts forecast that AGNC Investment Corp. will post 2.1 EPS for the current year.

AGNC Investment Dividend Announcement

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

Insider Buying and Selling at AGNC Investment

In other news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total transaction of $46,750.00. Following the completion of the transaction, the director now directly owns 75,545 shares of the company’s stock, valued at approximately $706,345.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGNC. Portside Wealth Group LLC boosted its position in shares of AGNC Investment by 8.8% during the 4th quarter. Portside Wealth Group LLC now owns 14,124 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 1,147 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of AGNC Investment by 12.3% during the 1st quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 1,238 shares during the last quarter. Waterfront Wealth Inc. boosted its position in shares of AGNC Investment by 2.5% during the 4th quarter. Waterfront Wealth Inc. now owns 52,215 shares of the real estate investment trust’s stock valued at $512,000 after acquiring an additional 1,251 shares during the last quarter. Consolidated Portfolio Review Corp lifted its position in AGNC Investment by 2.3% in the fourth quarter. Consolidated Portfolio Review Corp now owns 59,930 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 1,341 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC lifted its position in AGNC Investment by 4.1% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 35,286 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 1,379 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

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).