AGNC Investment (NASDAQ:AGNC) Shares Down 0.6% – Here’s Why

by · The Cerbat Gem

AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report)’s stock price dropped 0.6% during mid-day trading on Friday . The stock traded as low as $10.20 and last traded at $10.23. Approximately 3,714,379 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 16,078,512 shares. The stock had previously closed at $10.29.

Wall Street Analysts Forecast Growth

AGNC has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. Argus raised shares of AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.50.

Check Out Our Latest Report on AGNC

AGNC Investment Stock Performance

The company has a market capitalization of $9.35 billion, a PE ratio of 10.53 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The company has a 50 day moving average price of $10.07 and a 200 day moving average price of $9.93.

AGNC Investment (NASDAQ:AGNC – Get Free Report) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. Equities analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a mar 25 dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a dividend of $0.12 per share. This represents a yield of 14.1%. The ex-dividend date is Monday, March 31st. AGNC Investment’s dividend payout ratio (DPR) is presently 148.45%.

Insider Buying and Selling

In related news, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the transaction, the director now owns 75,919 shares in the company, valued at $766,781.90. This trade represents a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds have recently added to or reduced their stakes in AGNC. Fourth Dimension Wealth LLC bought a new stake in AGNC Investment in the fourth quarter valued at $26,000. Financial Life Planners bought a new stake in AGNC Investment in the fourth quarter valued at $28,000. Point72 Asset Management L.P. bought a new stake in AGNC Investment in the third quarter valued at $32,000. National Bank of Canada FI lifted its stake in AGNC Investment by 112.7% in the fourth quarter. National Bank of Canada FI now owns 3,458 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 1,832 shares during the last quarter. Finally, Spire Wealth Management lifted its stake in AGNC Investment by 94.5% in the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,972 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Company Profile

(Get Free Report)

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).

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