AGNC Investment (NASDAQ:AGNC) Stock Price Up 1%

AGNC Investment Corp. (NASDAQ:AGNC)’s share price was up 1% during trading on Wednesday . The company traded as high as $9.11 and last traded at $9.05. Approximately 2,040,477 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 11,660,401 shares. The stock had previously closed at $8.96.

Analysts Set New Price Targets

A number of equities research analysts have commented on AGNC shares. Compass Point started coverage on AGNC Investment in a research note on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price objective for the company. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Thursday. Jonestrading initiated coverage on AGNC Investment in a research report on Friday, March 22nd. They set a “buy” rating and a $10.75 target price on the stock. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Finally, Royal Bank of Canada cut their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $9.93.

AGNC Investment Stock Up 0.3 %

The stock has a fifty day moving average of $9.56 and a 200 day moving average of $9.25. The firm has a market capitalization of $6.32 billion, a P/E ratio of 906.91 and a beta of 1.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, January 29th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.11. The firm had revenue of $640.00 million for the quarter, compared to analyst estimates of $570.42 million. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. During the same period in the previous year, the company posted $0.74 earnings per share. On average, research analysts anticipate that AGNC Investment Corp. will post 2.16 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be given 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 14,414.41%.

Insider Buying and Selling

In other news, CFO Bernice Bell sold 10,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $9.85, for a total value of $98,500.00. Following the completion of the transaction, the chief financial officer now directly owns 287,282 shares in the company, valued at approximately $2,829,727.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Coppell Advisory Solutions Corp. bought a new position in AGNC Investment during the 4th quarter valued at approximately $27,000. Coppell Advisory Solutions LLC bought a new position in AGNC Investment during the 2nd quarter valued at approximately $29,000. MeadowBrook Investment Advisors LLC bought a new position in AGNC Investment during the 4th quarter valued at approximately $30,000. Worth Asset Management LLC bought a new position in AGNC Investment during the 1st quarter valued at approximately $35,000. Finally, Bruce G. Allen Investments LLC bought a new position in AGNC Investment during the 4th quarter valued at approximately $37,000. Institutional investors own 38.28% of the company’s stock.

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).