AGNC Investment (NASDAQ:AGNC) Shares Down 0.3%

AGNC Investment Corp. (NASDAQ:AGNC) fell 0.3% during trading on Friday . The company traded as low as $10.21 and last traded at $10.22. 2,646,803 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 12,459,306 shares. The stock had previously closed at $10.25.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several recent analyst reports. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, August 31st. Janney Montgomery Scott initiated coverage on shares of AGNC Investment in a research note on Thursday, June 6th. They set a “buy” rating and a $10.50 price target for the company. JPMorgan Chase & Co. raised their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods raised their price target on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.13.

AGNC Investment Trading Down 0.3 %

The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $7.43 billion, a P/E ratio of 11.23 and a beta of 1.47. The company has a 50-day moving average price of $10.06 and a 200 day moving average price of $9.76.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $695.00 million during the quarter, compared to analysts’ expectations of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. AGNC Investment’s revenue for the quarter was up 52.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. On average, research analysts forecast that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced a aug 24 dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a yield of 14.5%. AGNC Investment’s payout ratio is 158.24%.

Insider Buying and Selling at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total transaction of $49,850.00. Following the transaction, the chief financial officer now directly owns 308,182 shares of the company’s stock, valued at approximately $3,072,574.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by insiders.

Institutional Trading of AGNC Investment

A number of institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new position in shares of AGNC Investment in the second quarter worth $365,000. New Wave Wealth Advisors LLC acquired a new position in shares of AGNC Investment in the 2nd quarter valued at $165,000. Founders Financial Alliance LLC raised its stake in AGNC Investment by 33.4% in the 2nd quarter. Founders Financial Alliance LLC now owns 117,124 shares of the real estate investment trust’s stock worth $1,117,000 after acquiring an additional 29,339 shares during the last quarter. PVG Asset Management Corp acquired a new stake in AGNC Investment during the 2nd quarter worth about $368,000. Finally, Cetera Investment Advisers grew its stake in AGNC Investment by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 330,181 shares of the real estate investment trust’s stock valued at $3,150,000 after purchasing an additional 6,070 shares during 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).