AGNC Investment (NASDAQ:AGNC) Sets New 12-Month High Following Dividend Announcement

AGNC Investment Corp. (NASDAQ:AGNC) hit a new 52-week high during trading on Thursday after the company announced a dividend. The company traded as high as $11.25 and last traded at $11.06, with a volume of 16870396 shares traded. The stock had previously closed at $11.16.

The newly announced dividend which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 12.6%. AGNC Investment’s dividend payout ratio is presently 214.93%.

Analyst Ratings Changes

Several analysts recently commented on AGNC shares. JPMorgan Chase & Co. lifted their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Piper Sandler raised their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. Jones Trading restated a “buy” rating and set a $10.00 price objective on shares of AGNC Investment in a report on Tuesday, October 21st. Wall Street Zen lowered AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Finally, Royal Bank Of Canada lifted their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.34.

AGNC Investment Trading Up 2.0%

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $12.24 billion, a price-to-earnings ratio of 17.03 and a beta of 1.36. The business’s 50-day moving average price is $10.52 and its two-hundred day moving average price is $10.02.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The company had revenue of $836.00 million for the quarter, compared to the consensus estimate of $466.39 million. AGNC Investment had a return on equity of 18.84% and a net margin of 24.40%.During the same quarter last year, the business earned $0.43 EPS. Research analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Peter J. Federico sold 45,798 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $10.27, for a total value of $470,345.46. Following the completion of the transaction, the chief executive officer owned 1,557,401 shares of the company’s stock, valued at $15,994,508.27. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AGNC Investment

Several hedge funds have recently bought and sold shares of the company. Cozad Asset Management Inc. grew its position in AGNC Investment by 59.0% in the second quarter. Cozad Asset Management Inc. now owns 181,459 shares of the real estate investment trust’s stock valued at $1,668,000 after acquiring an additional 67,355 shares during the last quarter. Bogart Wealth LLC boosted its stake in shares of AGNC Investment by 78.0% in the 2nd quarter. Bogart Wealth LLC now owns 3,650 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,600 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of AGNC Investment during the 2nd quarter valued at approximately $325,000. Delphi Financial Group Inc. bought a new stake in shares of AGNC Investment during the 2nd quarter valued at approximately $574,000. Finally, Quantbot Technologies LP acquired a new position in AGNC Investment during the 2nd quarter worth approximately $6,170,000. 38.28% of the stock is owned by institutional investors.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.