AGNC Investment (NASDAQ:AGNC) Shares Up 0.5%

Shares of AGNC Investment Corp. (NASDAQ:AGNC) shot up 0.5% on Friday . The company traded as high as $10.49 and last traded at $10.45. 3,435,357 shares were traded during trading, a decline of 73% from the average session volume of 12,879,571 shares. The stock had previously closed at $10.40.

Analyst Ratings Changes

A number of research firms have issued reports on AGNC. Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods lifted their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Royal Bank of Canada upped their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $10.00 to $12.00 in a report on Friday, September 20th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Stock Performance

The company has a market cap of $7.65 billion, a P/E ratio of 11.57 and a beta of 1.47. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $10.20 and a two-hundred day simple moving average of $9.85.

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

AGNC Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 13.68%. The ex-dividend date of this dividend is Monday, September 30th. AGNC Investment’s payout ratio is 158.24%.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.07, for a total transaction of $50,350.00. Following the completion of the sale, the chief financial officer now owns 298,182 shares of the company’s stock, valued at $3,002,692.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of AGNC Investment

Several hedge funds have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of AGNC Investment in the second quarter worth about $31,000. Northwestern Mutual Wealth Management Co. raised its position in AGNC Investment by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares during the period. LRI Investments LLC bought a new position in AGNC Investment during the first quarter valued at $38,000. Quarry LP grew its holdings in AGNC Investment by 75.6% during the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 2,275 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of AGNC Investment in the first quarter worth approximately $53,000. Institutional investors own 38.28% of the company’s stock.

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).