AGNC Investment (NASDAQ:AGNC) Trading 1% Higher

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded up 1% on Friday . The stock traded as high as $9.49 and last traded at $9.39. 4,093,378 shares were traded during mid-day trading, a decline of 65% from the average session volume of 11,817,126 shares. The stock had previously closed at $9.30.

Analyst Ratings Changes

Several research analysts recently weighed in on AGNC shares. Jonestrading decreased their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Compass Point initiated coverage on shares of AGNC Investment in a research report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price target on the stock. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, Keefe, Bruyette & Woods reduced their target price on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, AGNC Investment currently has an average rating of “Moderate Buy” and a consensus target price of $9.79.

AGNC Investment Price Performance

The company has a market cap of $6.53 billion, a PE ratio of 10.33 and a beta of 1.45. The stock has a fifty day moving average price of $9.53 and a 200-day moving average price of $9.28. 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 announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. The firm had revenue of $642.00 million during the quarter, compared to the consensus estimate of $568.38 million. During the same period in the prior year, the business earned $0.70 EPS. On average, equities analysts expect that AGNC Investment Corp. will post 2.1 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.12 per share. This represents a dividend yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment’s dividend payout ratio is currently 158.24%.

Insider Buying and Selling at AGNC Investment

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

Institutional Trading of AGNC Investment

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in AGNC Investment in the 4th quarter worth about $69,215,000. Vanguard Group Inc. raised its position in AGNC Investment by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 63,366,808 shares of the real estate investment trust’s stock valued at $621,628,000 after acquiring an additional 6,019,268 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in AGNC Investment in the fourth quarter valued at approximately $38,593,000. Clearbridge Investments LLC grew its position in AGNC Investment by 85.6% in the third quarter. Clearbridge Investments LLC now owns 7,301,298 shares of the real estate investment trust’s stock worth $68,924,000 after acquiring an additional 3,367,112 shares in the last quarter. Finally, GRS Advisors LLC acquired a new position in shares of AGNC Investment during the 4th quarter worth $32,509,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

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).