AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.5% on Analyst Downgrade

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price dropped 1.5% on Thursday after Keefe, Bruyette & Woods lowered their price target on the stock from $10.00 to $9.50. Keefe, Bruyette & Woods currently has an outperform rating on the stock. AGNC Investment traded as low as $9.16 and last traded at $9.22. Approximately 4,983,955 shares traded hands during trading, a decline of 58% from the average daily volume of 11,734,414 shares. The stock had previously closed at $9.36.

A number of other research firms also recently issued reports on AGNC. Barclays boosted their target price on shares of AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, January 22nd. Compass Point began coverage on shares of AGNC Investment in a report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 target price for the company. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, Jonestrading lowered 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. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average target price of $9.79.

Insider Transactions at AGNC Investment

In related 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 $2,829,727.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of AGNC Investment

Institutional investors have recently added to or reduced their stakes in the stock. MeadowBrook Investment Advisors LLC acquired a new stake in AGNC Investment in the fourth quarter valued at $30,000. Bruce G. Allen Investments LLC acquired a new stake in shares of AGNC Investment during the fourth quarter worth $37,000. Verity & Verity LLC acquired a new stake in shares of AGNC Investment during the first quarter worth $45,000. CENTRAL TRUST Co acquired a new stake in shares of AGNC Investment during the fourth quarter worth $46,000. Finally, Allworth Financial LP raised its holdings in shares of AGNC Investment by 76.5% during the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 2,096 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Stock Down 1.4 %

The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 10.14 and a beta of 1.45. The stock’s fifty day simple moving average is $9.56 and its two-hundred day simple moving average is $9.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $642.00 million for the quarter, compared to analysts’ expectations of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same period in the prior year, the company earned $0.70 earnings per share. On average, sell-side analysts predict that AGNC Investment Corp. will post 2.18 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently disclosed 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 dividend yield of 15.4%. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

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).