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

by · The Cerbat Gem

AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report)’s share price was down 1.5% during mid-day trading on Wednesday . The company traded as low as $10.87 and last traded at $10.90. 23,291,232 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 18,807,568 shares. The stock had previously closed at $11.07.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AGNC. UBS Group increased their price objective on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $12.00 target price on shares of AGNC Investment in a research report on Friday, April 24th. JPMorgan Chase & Co. restated a “neutral” rating and set a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Compass Point lowered AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price target for the company. in a research report on Friday, July 17th. Finally, Piper Sandler lifted their price objective on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.11.

Read Our Latest Stock Analysis on AGNC

AGNC Investment Stock Down 1.5%

The company’s 50-day moving average price is $10.63 and its 200-day moving average price is $10.81. The firm has a market cap of $12.51 billion, a price-to-earnings ratio of 5.74 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC – Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 18.20%. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. On average, sell-side analysts predict that AGNC Investment Corp. will post 1.58 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date of this dividend is Friday, July 31st. AGNC Investment’s payout ratio is presently 75.79%.

Insiders Place Their Bets

In other AGNC Investment news, Director Donna Blank sold 22,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the sale, the director owned 96,471 shares of the company’s stock, valued at $1,039,957.38. This trade represents a 18.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in AGNC Investment by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock worth $1,047,828,000 after acquiring an additional 1,304,782 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of AGNC Investment by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 29,097,741 shares of the real estate investment trust’s stock valued at $312,275,000 after acquiring an additional 1,596,244 shares during the last quarter. State Street Corp lifted its stake in AGNC Investment by 6.4% during the fourth quarter. State Street Corp now owns 18,245,939 shares of the real estate investment trust’s stock worth $197,774,000 after purchasing an additional 1,090,374 shares during the last quarter. Norges Bank purchased a new stake in AGNC Investment during the fourth quarter worth approximately $141,830,000. Finally, Morgan Stanley raised its holdings in AGNC Investment by 24.3% during the fourth quarter. Morgan Stanley now owns 7,491,585 shares of the real estate investment trust’s stock worth $80,310,000 after purchasing an additional 1,462,468 shares in the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

About AGNC Investment

(Get Free Report)

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.

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