AGNC Investment (NASDAQ:AGNC) Trading 1.2% Higher – What’s Next?

Shares of AGNC Investment Corp. (NASDAQ:AGNC) rose 1.2% during trading on Tuesday . The stock traded as high as $10.89 and last traded at $10.89. 14,285,229 shares were traded during mid-day trading, a decline of 24% from the average session volume of 18,832,398 shares. The stock had previously closed at $10.76.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AGNC. Wall Street Zen upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $12.00 price target on shares of AGNC Investment in a report on Friday, April 24th. Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Piper Sandler increased their price objective on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Finally, UBS Group raised their target price on AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.11.

AGNC Investment Stock Performance

The firm has a market capitalization of $12.91 billion, a P/E ratio of 5.73 and a beta of 1.32. The stock has a 50 day moving average of $10.70 and a 200-day moving average of $10.76.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $305.00 million during the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same quarter last year, the business earned ($0.17) earnings per share. As a group, sell-side analysts expect that AGNC Investment Corp. will post 1.6 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a yield of 13.2%. AGNC Investment’s dividend payout ratio (DPR) is 75.79%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On AGNC Investment

A number of large investors have recently made changes to their positions in the stock. LaSalle St. Investment Advisors LLC purchased a new stake in AGNC Investment during the 2nd quarter worth about $379,000. Advisors Capital Management LLC purchased a new position in AGNC Investment during the 2nd quarter valued at about $35,421,000. Vise Technologies Inc. purchased a new position in AGNC Investment during the 2nd quarter valued at about $234,000. Planning Directions Inc. bought a new stake in shares of AGNC Investment during the second quarter valued at about $191,000. Finally, one8zero8 LLC bought a new stake in shares of AGNC Investment during the second quarter valued at about $192,000. 38.28% of the stock is owned by institutional investors.

About AGNC Investment

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.