AGNC Investment (NASDAQ:AGNC) Shares Down 1.4% – What’s Next?

Shares of AGNC Investment Corp. (NASDAQ:AGNC) traded down 1.4% during trading on Thursday . The stock traded as low as $10.89 and last traded at $10.92. Approximately 12,584,251 shares were traded during trading, a decline of 32% from the average daily volume of 18,616,088 shares. The stock had previously closed at $11.08.

Analyst Upgrades and Downgrades

AGNC has been the subject of several research reports. Piper Sandler raised their price objective on shares of AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Keefe, Bruyette & Woods dropped their price target on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Wells Fargo & Company reduced their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Finally, Compass Point cut AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a research report on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, AGNC Investment has a consensus rating of “Hold” and an average price target of $11.11.

AGNC Investment Price Performance

The business’s 50-day moving average price is $10.83 and its two-hundred day moving average price is $10.71. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 5.73 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The business had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the company posted ($0.17) earnings per share. As a group, research analysts predict 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. Stockholders of record on Monday, August 31st will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Monday, August 31st. AGNC Investment’s dividend payout ratio is 75.79%.

Insider Activity at AGNC Investment

In related news, EVP Bernice Bell sold 5,000 shares of the firm’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 owned 406,947 shares in the company, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On AGNC Investment

Large investors have recently bought and sold shares of the company. NWF Advisory Services Inc. lifted its holdings in shares of AGNC Investment by 8.2% during the 2nd quarter. NWF Advisory Services Inc. now owns 13,475 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 1,026 shares during the period. NEOS Investment Management LLC increased its stake in AGNC Investment by 16.4% in the second quarter. NEOS Investment Management LLC now owns 198,802 shares of the real estate investment trust’s stock valued at $2,167,000 after acquiring an additional 28,044 shares during the last quarter. Continuum Advisory LLC increased its stake in AGNC Investment by 6.0% in the second quarter. Continuum Advisory LLC now owns 179,446 shares of the real estate investment trust’s stock valued at $1,956,000 after acquiring an additional 10,191 shares during the last quarter. Nykredit A S bought a new position in AGNC Investment in the second quarter valued at approximately $338,000. Finally, Acorn Wealth Advisors LLC raised its position in AGNC Investment by 8.4% during the second quarter. Acorn Wealth Advisors LLC now owns 19,101 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 1,478 shares in the last quarter. 38.28% of the stock is currently 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.