AGNC Investment (NASDAQ:AGNC) Trading 0.7% Higher Following Dividend Announcement

AGNC Investment Corp. (NASDAQ:AGNC)’s share price rose 0.7% on Thursday after the company announced a dividend. The company traded as high as $9.61 and last traded at $9.60. Approximately 2,554,368 shares changed hands during trading, a decline of 78% from the average daily volume of 11,710,838 shares. The stock had previously closed at $9.53.

The newly announced dividend which will be paid on Tuesday, June 11th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.12 per share. AGNC Investment’s dividend payout ratio (DPR) is 158.24%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank of Canada dropped their price objective on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Jonestrading reduced their price objective on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Keefe, Bruyette & Woods dropped their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Finally, Compass Point assumed coverage on shares of AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 price objective on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, AGNC Investment presently has an average rating of “Moderate Buy” and a consensus price target of $9.79.

AGNC Investment Stock Up 1.2 %

The company has a market capitalization of $6.70 billion, a P/E ratio of 10.59 and a beta of 1.45. The business’s fifty day moving average price is $9.53 and its 200 day moving average price is $9.30. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping 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 firm had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. During the same quarter last year, the company earned $0.70 earnings per share. As a group, equities research analysts predict that AGNC Investment Corp. will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 3,500 shares of AGNC Investment stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of the transaction, the chief financial officer now directly owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Bernice Bell sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total transaction of $32,620.00. Following the completion of the sale, the chief financial officer now owns 309,973 shares of the company’s stock, valued at $2,888,948.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total value of $50,760.00. Following the completion of the transaction, the director now directly owns 111,827 shares in the company, valued at $1,051,173.80. The disclosure for this sale can be found here. Insiders have sold 15,900 shares of company stock worth $149,030 over the last three months. Company insiders own 0.43% of the company’s stock.

Institutional Trading of AGNC Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MeadowBrook Investment Advisors LLC bought a new stake in AGNC Investment during the 4th quarter worth about $30,000. Bruce G. Allen Investments LLC bought a new stake in shares of AGNC Investment during the fourth quarter valued at approximately $37,000. Verity & Verity LLC acquired a new stake in shares of AGNC Investment in the first quarter valued at approximately $45,000. CENTRAL TRUST Co bought a new position in AGNC Investment in the 4th quarter worth approximately $46,000. Finally, Allworth Financial LP lifted its holdings in AGNC Investment by 76.5% during the 4th quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,096 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Company Profile

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).