AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.4%

AGNC Investment Corp. (NASDAQ:AGNC) shot up 0.4% on Tuesday . The company traded as high as $10.27 and last traded at $10.25. 3,913,589 shares were traded during mid-day trading, a decline of 69% from the average session volume of 12,476,199 shares. The stock had previously closed at $10.21.

Analyst Ratings Changes

AGNC has been the subject of several recent research reports. Janney Montgomery Scott initiated coverage on shares of AGNC Investment in a research note on Thursday, June 6th. They issued a “buy” rating and a $10.50 price objective for the company. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Royal Bank of Canada boosted their price objective on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Finally, StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Sunday. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, AGNC Investment currently has a consensus rating of “Hold” and an average price target of $10.13.

AGNC Investment Trading Up 0.3 %

The business’s fifty day simple moving average is $10.09 and its two-hundred day simple moving average is $9.77. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 11.26 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $695.00 million for the quarter, compared to analyst estimates of $643.29 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The company’s quarterly revenue was up 52.1% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. On average, equities analysts predict that AGNC Investment Corp. will post 2.11 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a aug 24 dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be given a dividend of $0.12 per share. This represents a yield of 14.5%. The ex-dividend date is Friday, August 30th. AGNC Investment’s payout ratio is currently 158.24%.

Insider Activity

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total value of $49,850.00. Following the transaction, the chief financial officer now directly owns 308,182 shares of the company’s stock, valued at approximately $3,072,574.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of AGNC Investment

A number of institutional investors have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new position in AGNC Investment during the second quarter worth about $31,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 1,255 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of AGNC Investment in the 1st quarter worth approximately $38,000. Verity & Verity LLC purchased a new position in AGNC Investment in the 1st quarter valued at approximately $45,000. Finally, Quarry LP raised its holdings in AGNC Investment by 75.6% during the second quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 2,275 shares during the last quarter. 38.28% of the stock is currently owned by hedge funds and other 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).