AGNC Investment (NASDAQ:AGNC) Trading 0.9% Higher

Shares of AGNC Investment Corp. (NASDAQ:AGNC) traded up 0.9% during trading on Monday . The company traded as high as $9.53 and last traded at $9.48. 2,486,941 shares traded hands during trading, a decline of 79% from the average session volume of 11,807,059 shares. The stock had previously closed at $9.40.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Compass Point assumed coverage on shares of AGNC Investment in a research note on Tuesday, February 20th. They set a “buy” rating and a $10.25 price target for the company. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Royal Bank of Canada reduced their target price on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Keefe, Bruyette & Woods reduced their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Finally, Barclays upped their target price on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $9.79.

AGNC Investment Stock Performance

The company has a market cap of $6.62 billion, a P/E ratio of 10.49 and a beta of 1.45. The company’s 50-day moving average is $9.52 and its two-hundred day moving average is $9.30. 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 posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same quarter in the prior year, the business earned $0.70 earnings per share. Equities analysts predict that AGNC Investment Corp. will post 2.1 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently declared a may 24 dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 31st will be issued a $0.12 dividend. AGNC Investment’s payout ratio is 158.24%.

Insider Transactions at AGNC Investment

In other news, CFO Bernice Bell sold 3,500 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $9.32, for a total value of $32,620.00. Following the sale, 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 legal filing with the SEC, which is available at this link. In related news, Director Paul E. Mullings sold 5,400 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $9.40, for a total value of $50,760.00. Following the sale, the director now directly owns 111,827 shares of the company’s stock, valued at $1,051,173.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 directly owns 309,973 shares in the company, valued at $2,888,948.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,900 shares of company stock valued at $149,030. 0.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of AGNC Investment in the 4th quarter valued at $38,593,000. Citigroup Inc. raised its holdings in AGNC Investment by 103.2% during the 3rd quarter. Citigroup Inc. now owns 185,721 shares of the real estate investment trust’s stock valued at $1,753,000 after buying an additional 94,332 shares during the last quarter. Van ECK Associates Corp raised its holdings in AGNC Investment by 4.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,752,044 shares of the real estate investment trust’s stock valued at $16,539,000 after buying an additional 78,253 shares during the last quarter. Stifel Financial Corp raised its holdings in AGNC Investment by 48.0% during the 3rd quarter. Stifel Financial Corp now owns 451,460 shares of the real estate investment trust’s stock valued at $4,262,000 after buying an additional 146,406 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new stake in AGNC Investment during the 3rd quarter valued at $3,655,000. 38.28% of the stock is 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).