AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.5% – Time to Sell?

Shares of AGNC Investment Corp. (NASDAQ:AGNC) fell 1.5% on Friday . The stock traded as low as $9.63 and last traded at $9.69. 24,623,195 shares were traded during mid-day trading, an increase of 9% from the average session volume of 22,595,518 shares. The stock had previously closed at $9.84.

Analyst Ratings Changes

Several brokerages have commented on AGNC. JonesTrading lowered AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Barclays upped their target price on shares of AGNC Investment from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Wells Fargo & Company lifted their price target on shares of AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Piper Sandler boosted their price objective on shares of AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, BTIG Research cut shares of AGNC Investment from a “buy” rating to a “neutral” rating in a report on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.03.

AGNC Investment Stock Down 1.5%

The firm has a market capitalization of $10.88 billion, a P/E ratio of 6.92 and a beta of 1.37. The company has a fifty day simple moving average of $11.06 and a 200 day simple moving average of $10.61. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $354.75 million. AGNC Investment had a net margin of 47.40% and a return on equity of 18.32%. On average, equities analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) annualized dividend and a yield of 14.9%. AGNC Investment’s payout ratio is 102.86%.

Insider Transactions at AGNC Investment

In other news, EVP Bernice Bell sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total transaction of $303,500.00. Following the sale, the executive vice president owned 491,728 shares in the company, valued at $5,969,577.92. This represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary D. Kain sold 700,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $11.91, for a total transaction of $8,337,000.00. Following the completion of the transaction, the director owned 2,189,091 shares of the company’s stock, valued at approximately $26,072,073.81. The trade was a 24.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 775,000 shares of company stock worth $9,246,000. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC raised its position in AGNC Investment by 51.9% in the 1st quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust’s stock worth $614,000 after buying an additional 21,897 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of AGNC Investment by 38.4% in the first quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 6,923 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of AGNC Investment by 16.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust’s stock worth $26,937,000 after acquiring an additional 387,524 shares during the period. Rhumbline Advisers raised its holdings in shares of AGNC Investment by 9.8% during the second quarter. Rhumbline Advisers now owns 853,061 shares of the real estate investment trust’s stock valued at $7,840,000 after purchasing an additional 75,797 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of AGNC Investment by 36.0% during the second quarter. Prudential Financial Inc. now owns 72,009 shares of the real estate investment trust’s stock valued at $680,000 after purchasing an additional 19,076 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.