AGNC Investment (NASDAQ:AGNC) Stock Price Up 2.2% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price was up 2.2% during trading on Friday . The company traded as high as $10.93 and last traded at $10.84. 17,990,961 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 18,890,174 shares. The stock had previously closed at $10.61.

Analyst Ratings Changes

A number of analysts have recently weighed in on AGNC shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $11.50 price target (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Piper Sandler increased their target price on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Weiss Ratings upgraded shares of AGNC Investment from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Wells Fargo & Company cut their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Finally, UBS Group increased their price objective on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, AGNC Investment has a consensus rating of “Hold” and an average price target of $11.11.

AGNC Investment Trading Up 2.2%

The company’s 50-day moving average is $10.68 and its 200 day moving average is $10.78. The stock has a market capitalization of $12.85 billion, a PE ratio of 5.71 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. The company had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm earned ($0.17) EPS. Sell-side analysts forecast that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 13.3%. The ex-dividend date is Friday, July 31st. AGNC Investment’s payout ratio is presently 75.79%.

Insider Buying and Selling at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the transaction, the executive vice president directly owned 406,947 shares of the company’s stock, valued at $4,476,417. This represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Avion Wealth raised its stake in shares of AGNC Investment by 286.3% in the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 2,021 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of AGNC Investment during the second quarter worth about $28,000. Sound Income Strategies LLC boosted its position in AGNC Investment by 61.1% in the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,048 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in AGNC Investment in the fourth quarter valued at approximately $33,000. Finally, National Bank of Canada FI increased its holdings in AGNC Investment by 100.9% in the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,690 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Company Profile

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.