AGNC Investment (NASDAQ:AGNC) Trading Down 0.5% – What’s Next?

Shares of AGNC Investment Corp. (NASDAQ:AGNC) dropped 0.5% on Tuesday . The company traded as low as $9.38 and last traded at $9.54. Approximately 8,919,174 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 16,699,434 shares. The stock had previously closed at $9.58.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Argus upgraded shares of AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods reduced their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

AGNC Investment Price Performance

The company’s 50-day moving average is $10.14 and its 200-day moving average is $9.91. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 9.75 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. On average, research analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a mar 25 dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be paid a $0.12 dividend. This represents a dividend yield of 14.1%. The ex-dividend date of this dividend is Monday, March 31st. AGNC Investment’s dividend payout ratio is currently 148.45%.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the sale, the director now directly owns 75,919 shares of the company’s stock, valued at $766,781.90. The trade was a 6.18 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fourth Dimension Wealth LLC purchased a new stake in shares of AGNC Investment during the fourth quarter valued at approximately $26,000. Financial Life Planners acquired a new position in AGNC Investment in the 4th quarter worth $28,000. Point72 Asset Management L.P. purchased a new position in AGNC Investment in the 3rd quarter valued at about $32,000. National Bank of Canada FI grew its stake in shares of AGNC Investment by 112.7% during the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,832 shares in the last quarter. Finally, Spire Wealth Management increased its position in shares of AGNC Investment by 94.5% during the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,972 shares during the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

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).