AGNC Investment (NASDAQ:AGNC) Trading 1% Higher

AGNC Investment Corp. (NASDAQ:AGNC) rose 1% on Wednesday . The company traded as high as $9.11 and last traded at $9.05. Approximately 2,040,477 shares traded hands during trading, a decline of 83% from the average daily volume of 11,660,401 shares. The stock had previously closed at $8.96.

Analyst Ratings Changes

AGNC has been the topic of a number of recent analyst reports. Compass Point assumed coverage on shares of AGNC Investment in a research report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 target price on the stock. Jonestrading initiated coverage on shares of AGNC Investment in a report on Friday, March 22nd. They issued a “buy” rating and a $10.75 price objective on the stock. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Barclays raised 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. Finally, Royal Bank of Canada cut their price objective on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.93.

AGNC Investment Price Performance

The company has a 50 day moving average of $9.58 and a 200 day moving average of $9.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 905.91 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The business had revenue of $640.00 million during the quarter, compared to the consensus estimate of $570.42 million. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. During the same period in the previous year, the company posted $0.74 earnings per share. As a group, equities research analysts anticipate that AGNC Investment Corp. will post 2.16 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a dividend yield of 15.4%. AGNC Investment’s dividend payout ratio (DPR) is currently 14,414.41%.

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $9.85, for a total transaction of $98,500.00. Following the completion of the sale, the chief financial officer now owns 287,282 shares in the company, valued at $2,829,727.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Firethorn Wealth Partners LLC grew its stake in AGNC Investment by 17.3% during the 1st quarter. Firethorn Wealth Partners LLC now owns 74,503 shares of the real estate investment trust’s stock worth $738,000 after buying an additional 10,982 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in AGNC Investment by 39.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 52,295 shares of the real estate investment trust’s stock worth $518,000 after purchasing an additional 14,898 shares during the period. Fermata Advisors LLC grew its position in AGNC Investment by 53.0% during the 1st quarter. Fermata Advisors LLC now owns 23,213 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 8,039 shares during the last quarter. Cooper Financial Group raised its holdings in shares of AGNC Investment by 67.9% in the first quarter. Cooper Financial Group now owns 87,522 shares of the real estate investment trust’s stock valued at $866,000 after buying an additional 35,401 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of AGNC Investment by 11.9% during the first quarter. International Assets Investment Management LLC now owns 91,091 shares of the real estate investment trust’s stock worth $893,000 after buying an additional 9,678 shares during the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

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).