AGNC Investment (NASDAQ:AGNC) Shares Up 1.2% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC) shot up 1.2% during trading on Tuesday . The stock traded as high as $10.89 and last traded at $10.89. Approximately 14,285,229 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 18,832,398 shares. The stock had previously closed at $10.76.

Analyst Ratings Changes

AGNC has been the topic of several recent research reports. Wall Street Zen raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Piper Sandler raised their target price on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Compass Point lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target on the stock. in a research report on Friday, July 17th. Keefe, Bruyette & Woods dropped their price target on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded AGNC Investment from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.11.

AGNC Investment Price Performance

The firm’s 50 day moving average price is $10.73 and its 200-day moving average price is $10.75. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 5.77 and a beta of 1.32.

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

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 13.1%. AGNC Investment’s payout ratio is presently 75.79%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On AGNC Investment

A number of large investors have recently modified their holdings of AGNC. Danske Bank A S bought a new position in AGNC Investment in the second quarter worth about $26,000. Osbon Capital Management LLC bought a new stake in AGNC Investment during the second quarter worth about $28,000. N.E.W. Advisory Services LLC bought a new stake in AGNC Investment during the second quarter worth about $28,000. Avion Wealth grew its holdings in 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 period. Finally, Flagship Harbor Advisors LLC purchased a new stake in AGNC Investment in the fourth quarter worth about $33,000. 38.28% of the stock is currently owned by institutional investors.

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.