AGNC Investment (NASDAQ:AGNC) Trading Down 0% – What’s Next?

Shares of AGNC Investment Corp. (NASDAQ:AGNC) dropped 0% on Monday . The stock traded as low as $10.13 and last traded at $10.17. Approximately 6,386,110 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 21,059,205 shares. The stock had previously closed at $10.17.

Wall Street Analyst Weigh In

AGNC has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Argus upgraded shares of AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $11.00 price objective on shares of AGNC Investment in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

AGNC Investment Price Performance

The stock has a 50-day simple moving average of $10.13 and a 200 day simple moving average of $9.92. 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 stock has a market capitalization of $9.09 billion, a P/E ratio of 10.24 and a beta of 1.50.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share 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%. On average, equities analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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

Insider Buying and Selling at AGNC Investment

In related news, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the transaction, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the business’s stock in a transaction that occurred 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 directly owns 75,919 shares in the company, valued at $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

A number of large investors have recently made changes to their positions in the company. California State Teachers Retirement System grew its stake in AGNC Investment by 5.4% during the fourth quarter. California State Teachers Retirement System now owns 734,414 shares of the real estate investment trust’s stock worth $6,764,000 after buying an additional 37,683 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in AGNC Investment by 96.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 110,113 shares of the real estate investment trust’s stock valued at $1,014,000 after purchasing an additional 54,049 shares during the last quarter. Jefferies Financial Group Inc. raised its holdings in AGNC Investment by 19.6% in the 4th quarter. Jefferies Financial Group Inc. now owns 49,433 shares of the real estate investment trust’s stock valued at $455,000 after buying an additional 8,103 shares during the last quarter. AlphaCore Capital LLC lifted its holdings in shares of AGNC Investment by 176.2% during the fourth quarter. AlphaCore Capital LLC now owns 69,946 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 44,624 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new position in AGNC Investment during the 4th quarter worth about $169,000. Institutional investors own 38.28% of the company’s stock.

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).