AGNC Investment (NASDAQ:AGNC) Trading 1.1% Higher

AGNC Investment Corp. (NASDAQ:AGNC) shares were up 1.1% during trading on Friday . The stock traded as high as $9.39 and last traded at $9.34. Approximately 4,507,515 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 11,821,376 shares. The stock had previously closed at $9.24.

Analysts Set New Price Targets

Several analysts have recently commented on AGNC shares. Keefe, Bruyette & Woods reduced their price target on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a report on Wednesday. Compass Point started coverage on AGNC Investment in a report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price target for the company. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, Jonestrading reduced their price target on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.79.

AGNC Investment Stock Performance

The firm has a fifty day moving average of $9.55 and a 200-day moving average of $9.26. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 10.25 and a beta of 1.45. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The company had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. During the same quarter last year, the business posted $0.70 earnings per share. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 2.18 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders 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 158.24%.

Insiders Place Their Bets

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the completion of the transaction, the director now owns 75,545 shares of the company’s stock, valued at $706,345.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AGNC Investment

Hedge funds and other institutional investors have recently made changes to their positions in the business. MeadowBrook Investment Advisors LLC purchased a new stake in shares of AGNC Investment in the fourth quarter valued at $30,000. Bruce G. Allen Investments LLC purchased a new stake in shares of AGNC Investment in the fourth quarter valued at $37,000. Verity & Verity LLC purchased a new stake in shares of AGNC Investment in the first quarter valued at $45,000. CENTRAL TRUST Co purchased a new stake in shares of AGNC Investment in the fourth quarter valued at $46,000. Finally, Allworth Financial LP grew its position in shares of AGNC Investment by 76.5% in the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,096 shares during the period. Hedge funds and other 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).