AGNC Investment (NASDAQ:AGNC) Shares Down 0.6% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price fell 0.6% during mid-day trading on Wednesday . The company traded as low as $9.39 and last traded at $9.44. 5,026,612 shares were traded during trading, a decline of 70% from the average session volume of 16,756,212 shares. The stock had previously closed at $9.49.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AGNC. Wells Fargo & Company reduced their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Argus upgraded shares of AGNC Investment to a “hold” rating in a report on Tuesday, February 4th. Keefe, Bruyette & Woods dropped their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $11.00 target price on shares of AGNC Investment in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

AGNC Investment Price Performance

The stock has a market capitalization of $8.70 billion, a P/E ratio of 9.79 and a beta of 1.50. The business has a fifty day simple moving average of $10.13 and a 200 day simple moving average of $9.90. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. On average, analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently announced a mar 25 dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a dividend yield of 14.1%. AGNC Investment’s dividend payout ratio is currently 148.45%.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the transaction, the director now owns 75,919 shares of the company’s stock, valued at $766,781.90. This trade represents a 6.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the transaction, the chief financial officer now owns 372,226 shares in the company, valued at $3,737,149.04. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Institutional Investors Weigh In On AGNC Investment

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in AGNC Investment by 14.1% during the fourth quarter. Vanguard Group Inc. now owns 83,316,872 shares of the real estate investment trust’s stock valued at $767,348,000 after buying an additional 10,316,999 shares during the period. Geode Capital Management LLC boosted its stake in AGNC Investment by 18.8% in the fourth quarter. Geode Capital Management LLC now owns 14,614,721 shares of the real estate investment trust’s stock valued at $134,645,000 after acquiring an additional 2,311,105 shares during the last quarter. Norges Bank bought a new position in shares of AGNC Investment during the 4th quarter valued at approximately $87,269,000. Allspring Global Investments Holdings LLC increased its stake in shares of AGNC Investment by 5.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust’s stock worth $80,392,000 after purchasing an additional 424,990 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of AGNC Investment by 8.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,349,657 shares of the real estate investment trust’s stock worth $67,690,000 after purchasing an additional 581,352 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

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).