AGNC Investment (NASDAQ:AGNC) Shares Down 1.8% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded down 1.8% during mid-day trading on Monday . The stock traded as low as $10.40 and last traded at $10.41. 2,286,908 shares were traded during mid-day trading, a decline of 82% from the average session volume of 12,935,970 shares. The stock had previously closed at $10.60.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. JPMorgan Chase & Co. upped 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 Tuesday, July 16th. Finally, Compass Point upped their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, AGNC Investment presently has an average rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Trading Down 2.0 %

The business’s fifty day simple moving average is $10.30 and its 200 day simple moving average is $9.92. 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 cap of $7.55 billion, a P/E ratio of 11.44 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The company had revenue of $695.00 million for the quarter, compared to the consensus estimate of $643.29 million. During the same period in the prior year, the company earned $0.67 EPS. The firm’s revenue was up 52.1% compared to the same quarter last year. As a group, analysts expect that AGNC Investment Corp. will post 2.11 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a oct 24 dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.12 per share. This represents a yield of 14%. The ex-dividend date is Thursday, October 31st. AGNC Investment’s dividend payout ratio is currently 158.24%.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.07, for a total transaction of $50,350.00. Following the transaction, the chief financial officer now directly owns 298,182 shares in the company, valued at approximately $3,002,692.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in AGNC Investment by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after purchasing an additional 2,368,658 shares during the period. Allspring Global Investments Holdings LLC lifted its position in AGNC Investment by 2.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock valued at $86,169,000 after purchasing an additional 189,444 shares during the period. Equity Investment Corp lifted its position in AGNC Investment by 3.7% during the 2nd quarter. Equity Investment Corp now owns 7,124,392 shares of the real estate investment trust’s stock valued at $67,967,000 after purchasing an additional 253,821 shares during the period. Victory Capital Management Inc. lifted its position in AGNC Investment by 1.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,316,724 shares of the real estate investment trust’s stock valued at $50,722,000 after purchasing an additional 54,153 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in AGNC Investment by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 4,807,050 shares of the real estate investment trust’s stock valued at $45,860,000 after purchasing an additional 290,720 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).