AGNC Investment Corp. (NASDAQ:AGNC) Short Interest Down 6.4% in June

AGNC Investment Corp. (NASDAQ:AGNC) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 46,340,000 shares, a drop of 6.4% from the May 31st total of 49,490,000 shares. Based on an average daily volume of 10,910,000 shares, the days-to-cover ratio is currently 4.2 days.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AGNC. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Keefe, Bruyette & Woods reduced their price target on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Janney Montgomery Scott started coverage on shares of AGNC Investment in a research report on Thursday, June 6th. They set a “buy” rating and a $10.50 price objective on the stock. Jonestrading reduced their price target 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. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.88.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director Paul E. Mullings sold 5,400 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $9.40, for a total transaction of $50,760.00. Following the completion of the sale, the director now directly owns 111,827 shares of the company’s stock, valued at $1,051,173.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Frances Spark sold 5,000 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total value of $46,750.00. Following the completion of the sale, the director now directly owns 75,545 shares of the company’s stock, valued at $706,345.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul E. Mullings sold 5,400 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $9.40, for a total transaction of $50,760.00. Following the completion of the sale, the director now owns 111,827 shares of the company’s stock, valued at approximately $1,051,173.80. The disclosure for this sale can be found here. Insiders sold 15,900 shares of company stock worth $149,030 in the last quarter. 0.43% of the stock is owned by company insiders.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. acquired a new stake in AGNC Investment in the 4th quarter valued at about $38,593,000. Stifel Financial Corp raised its position in AGNC Investment by 48.0% in the 3rd quarter. Stifel Financial Corp now owns 451,460 shares of the real estate investment trust’s stock worth $4,262,000 after purchasing an additional 146,406 shares during the last quarter. Norges Bank acquired a new position in shares of AGNC Investment during the fourth quarter valued at $69,215,000. Creative Financial Designs Inc. ADV lifted its position in AGNC Investment by 13.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 26,238 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 3,013 shares during the period. Finally, Evergreen Capital Management LLC boosted its stake in shares of AGNC Investment by 31.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 512,676 shares of the real estate investment trust’s stock valued at $4,901,000 after purchasing an additional 123,399 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Stock Up 0.3 %

Shares of AGNC opened at $9.69 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $9.63 and a two-hundred day moving average price of $9.64. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 10.65 and a beta of 1.48. AGNC Investment has a 12 month low of $6.81 and a 12 month high of $10.64.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. AGNC Investment had a return on equity of 27.14% and a net margin of 32.12%. The firm had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. During the same period in the prior year, the company posted $0.70 earnings per share. Equities analysts predict that AGNC Investment will post 2.14 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a jun 24 dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 28th. This represents a yield of 14.8%. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

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).