AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.6%

AGNC Investment Corp. (NASDAQ:AGNC) was down 0.6% during mid-day trading on Monday . The company traded as low as $9.19 and last traded at $9.25. Approximately 3,343,408 shares changed hands during trading, a decline of 71% from the average daily volume of 11,625,581 shares. The stock had previously closed at $9.31.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AGNC shares. Royal Bank of Canada dropped their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, January 25th. Jonestrading started coverage on shares of AGNC Investment in a research note on Friday, March 22nd. They set a “buy” rating and a $10.75 price objective on the stock. Compass Point initiated coverage on shares of AGNC Investment in a research note on Tuesday, February 20th. They set a “buy” rating and a $10.25 price objective on the stock. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Finally, Barclays upped their price target on AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, January 22nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.93.

AGNC Investment Trading Down 1.9 %

The stock’s fifty day simple moving average is $9.58 and its 200-day simple moving average is $9.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $6.23 billion, a PE ratio of 896.90 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, January 29th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The company had revenue of $640.00 million during the quarter, compared to analyst estimates of $570.42 million. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. During the same quarter last year, the business posted $0.74 EPS. On average, sell-side analysts forecast that AGNC Investment Corp. will post 2.16 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be issued a $0.12 dividend. The ex-dividend date is Monday, April 29th. This represents a yield of 15.4%. AGNC Investment’s dividend payout ratio (DPR) is presently 14,414.41%.

Insiders Place Their Bets

In other news, CFO Bernice Bell sold 10,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $9.85, for a total value of $98,500.00. Following the sale, the chief financial officer now directly owns 287,282 shares of the company’s stock, valued at approximately $2,829,727.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AGNC Investment

Several institutional investors and hedge funds have recently modified their holdings of AGNC. Raymond James Financial Services Advisors Inc. increased its stake in shares of AGNC Investment by 50.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 46,983 shares of the real estate investment trust’s stock valued at $615,000 after purchasing an additional 15,758 shares in the last quarter. US Bancorp DE raised its holdings in shares of AGNC Investment by 68.9% during the first quarter. US Bancorp DE now owns 29,371 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 11,982 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of AGNC Investment in the first quarter valued at approximately $137,000. Yousif Capital Management LLC increased its position in shares of AGNC Investment by 5.2% during the first quarter. Yousif Capital Management LLC now owns 36,096 shares of the real estate investment trust’s stock worth $473,000 after purchasing an additional 1,775 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of AGNC Investment by 2.3% in the first quarter. Sei Investments Co. now owns 517,988 shares of the real estate investment trust’s stock valued at $6,757,000 after buying an additional 11,711 shares during the last quarter. Institutional investors and hedge funds 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).