AGNC Investment (NASDAQ:AGNC) Trading 0.9% Higher

Shares of AGNC Investment Corp. (NASDAQ:AGNC) traded up 0.9% on Monday . The stock traded as high as $9.53 and last traded at $9.48. 2,486,941 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 11,807,059 shares. The stock had previously closed at $9.40.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Compass Point assumed coverage on AGNC Investment in a report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price objective for the company. Royal Bank of Canada decreased their price objective on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. Jonestrading reduced their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, AGNC Investment has a consensus rating of “Moderate Buy” and an average target price of $9.79.

AGNC Investment Stock Up 0.1 %

The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average price is $9.52 and its 200 day moving average price is $9.30. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 10.49 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. The business had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same period in the prior year, the company earned $0.70 earnings per share. As a group, research analysts forecast that AGNC Investment Corp. will post 2.1 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a may 24 dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 31st will be paid a $0.12 dividend. AGNC Investment’s payout ratio is currently 158.24%.

Insider Buying and Selling

In other news, CFO Bernice Bell sold 3,500 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the sale, the chief financial officer now owns 309,973 shares in the company, valued at $2,888,948.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the transaction, the director now owns 75,545 shares in the company, valued at $706,345.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bernice Bell sold 3,500 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $9.32, for a total value of $32,620.00. Following the transaction, the chief financial officer now owns 309,973 shares in the company, valued at approximately $2,888,948.36. The disclosure for this sale can be found here. Insiders sold a total of 15,900 shares of company stock valued at $149,030 over the last 90 days. Insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Hedge funds have recently bought and sold shares of the business. MeadowBrook Investment Advisors LLC purchased a new position in AGNC Investment during the fourth quarter worth approximately $30,000. Bruce G. Allen Investments LLC purchased a new position in shares of AGNC Investment in the fourth quarter valued at approximately $37,000. Verity & Verity LLC purchased a new position in shares of AGNC Investment in the first quarter valued at approximately $45,000. CENTRAL TRUST Co purchased a new position in shares of AGNC Investment in the fourth quarter valued at approximately $46,000. Finally, Allworth Financial LP lifted its position in shares of AGNC Investment by 76.5% in the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 2,096 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

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).