AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.2% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC) shares rose 0.2% on Friday . The stock traded as high as $10.39 and last traded at $10.39. Approximately 1,234,505 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 12,937,135 shares. The stock had previously closed at $10.37.

Analyst Upgrades and Downgrades

AGNC has been the topic of several recent analyst reports. Maxim Group downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Thursday. Compass Point upped their price target on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Royal Bank of Canada upped their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The company’s fifty day simple moving average is $10.25 and its 200-day simple moving average is $9.89. The company has a market capitalization of $8.07 billion, a P/E ratio of 27.87 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The business had revenue of $695.00 million for the quarter, compared to the consensus estimate of $643.29 million. During the same quarter in the previous year, the company earned $0.67 earnings per share. The firm’s revenue was up 52.1% on a year-over-year basis. Research analysts predict that AGNC Investment Corp. will post 2.11 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently declared a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $0.12 dividend. This represents a dividend yield of 14%. The ex-dividend date of this dividend is Thursday, October 31st. AGNC Investment’s dividend payout ratio is currently 389.20%.

Insider Activity

In other news, CFO Bernice Bell sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the sale, the chief financial officer now directly owns 298,182 shares in the company, valued at approximately $3,002,692.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.52% of the company’s stock.

Institutional Trading of AGNC Investment

Institutional investors have recently modified their holdings of the company. CIBC Asset Management Inc raised its position in shares of AGNC Investment by 5.4% in the 2nd quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 1,012 shares during the last quarter. Avantax Advisory Services Inc. raised its position in shares of AGNC Investment by 6.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 1,059 shares during the last quarter. Paragon Capital Management Ltd raised its position in shares of AGNC Investment by 3.6% in the 3rd quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 1,071 shares during the last quarter. Highlander Capital Management LLC raised its position in shares of AGNC Investment by 8.1% in the 1st quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Oak Thistle LLC raised its position in shares of AGNC Investment by 4.9% in the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 1,251 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Company Profile

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).