AGNC Investment (NASDAQ:AGNC) Shares Down 3% – Here’s Why

Shares of AGNC Investment Corp. (NASDAQ:AGNC) traded down 3% during trading on Thursday . The stock traded as low as $9.82 and last traded at $9.84. 19,627,560 shares traded hands during trading, a decline of 13% from the average session volume of 22,554,762 shares. The stock had previously closed at $10.14.

Analyst Ratings Changes

Several research analysts have recently weighed in on AGNC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a report on Monday, December 29th. Wells Fargo & Company raised their price objective on shares of AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. JonesTrading cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. BTIG Research cut AGNC Investment from a “buy” rating to a “neutral” rating in a report on Tuesday, January 6th. Finally, Piper Sandler lifted their price target on AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.03.

AGNC Investment Stock Down 1.5%

The firm’s 50-day simple moving average is $11.06 and its 200 day simple moving average is $10.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market capitalization of $10.88 billion, a P/E ratio of 6.92 and a beta of 1.37.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $354.75 million. AGNC Investment had a net margin of 47.40% and a return on equity of 18.32%. As a group, research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 14.9%. The ex-dividend date is Tuesday, March 31st. AGNC Investment’s dividend payout ratio (DPR) is currently 102.86%.

Insiders Place Their Bets

In other news, Director Gary D. Kain sold 700,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the sale, the director owned 2,189,091 shares in the company, valued at $26,072,073.81. This represents a 24.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Bernice Bell sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total value of $303,500.00. Following the completion of the sale, the executive vice president directly owned 491,728 shares of the company’s stock, valued at approximately $5,969,577.92. The trade was a 4.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 775,000 shares of company stock valued at $9,246,000 in the last 90 days. 0.40% of the stock is currently owned by insiders.

Institutional Trading of AGNC Investment

A number of large investors have recently added to or reduced their stakes in the company. GoalVest Advisory LLC acquired a new position in shares of AGNC Investment during the 4th quarter worth about $26,000. Atlantic Union Bankshares Corp acquired a new stake in AGNC Investment in the 3rd quarter valued at about $29,000. Sound Income Strategies LLC grew its holdings in AGNC Investment by 61.1% during the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,048 shares during the period. Flagship Harbor Advisors LLC acquired a new position in AGNC Investment during the fourth quarter worth approximately $33,000. Finally, National Bank of Canada FI increased its position in AGNC Investment by 100.9% during the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,690 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Company Profile

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.