Paul E. Mullings Sells 5,400 Shares of AGNC Investment Corp. (NASDAQ:AGNC) Stock

AGNC Investment Corp. (NASDAQ:AGNC) Director Paul E. Mullings sold 5,400 shares of AGNC Investment stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the transaction, the director now directly owns 111,827 shares in the company, valued at $1,051,173.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

AGNC Investment Stock Up 1.5 %

Shares of AGNC opened at $9.54 on Tuesday. The business’s 50 day simple moving average is $9.53 and its 200-day simple moving average is $9.29. AGNC Investment Corp. has a 1 year low of $6.81 and a 1 year high of $10.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 10.48 and a beta of 1.45.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. The company had revenue of $642.00 million for the quarter, compared to the consensus estimate of $568.38 million. During the same quarter in the prior year, the firm earned $0.70 earnings per share. As a group, equities analysts expect that AGNC Investment Corp. will post 2.1 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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

Institutional Investors Weigh In On AGNC Investment

Several institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC raised its holdings in AGNC Investment by 136.4% during the 3rd quarter. SG Americas Securities LLC now owns 27,950 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 16,125 shares during the period. Xponance Inc. lifted its holdings in shares of AGNC Investment by 71.9% in the 3rd quarter. Xponance Inc. now owns 34,191 shares of the real estate investment trust’s stock worth $323,000 after acquiring an additional 14,304 shares during the last quarter. Raymond James & Associates boosted its stake in shares of AGNC Investment by 1.1% during the 3rd quarter. Raymond James & Associates now owns 1,078,421 shares of the real estate investment trust’s stock worth $10,180,000 after purchasing an additional 11,459 shares during the period. J.W. Cole Advisors Inc. bought a new position in AGNC Investment during the 3rd quarter valued at about $104,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in AGNC Investment by 20.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,115 shares of the real estate investment trust’s stock worth $1,096,000 after purchasing an additional 19,599 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on AGNC shares. Barclays upped their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, January 22nd. Jonestrading dropped their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Compass Point began coverage on AGNC Investment in a report on Tuesday, February 20th. They set 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. Finally, Royal Bank of Canada lowered their price target on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, AGNC Investment currently has a consensus rating of “Moderate Buy” and an average target price of $9.79.

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).