AGNC Investment (NASDAQ:AGNC) Stock Price Up 1.1% – Time to Buy?

AGNC Investment Corp. (NASDAQ:AGNC) rose 1.1% during mid-day trading on Tuesday . The company traded as high as $10.64 and last traded at $10.64. Approximately 11,660,213 shares were traded during trading, a decline of 46% from the average daily volume of 21,427,328 shares. The stock had previously closed at $10.52.

Analyst Ratings Changes

Several brokerages have recently weighed in on AGNC. JonesTrading lowered AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a research note on Friday, March 27th. Piper Sandler cut their price objective on shares of AGNC Investment from $12.50 to $10.50 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $12.00 price objective (up from $11.00) on shares of AGNC Investment in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada increased their target price on shares of AGNC Investment from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.03.

AGNC Investment Trading Down 1.7%

The business has a 50-day moving average of $10.69 and a 200-day moving average of $10.64. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 7.54 and a beta of 1.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.21 and a current ratio of 0.21.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $354.75 million. AGNC Investment had a return on equity of 18.32% and a net margin of 47.40%. As a group, research analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, May 11th. Investors of record on Thursday, April 30th will be paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 13.6%. The ex-dividend date is Thursday, April 30th. AGNC Investment’s dividend payout ratio (DPR) is currently 102.86%.

Insiders Place Their Bets

In other news, EVP Kenneth L. Pollack sold 50,000 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.11, for a total value of $605,500.00. Following the completion of the sale, the executive vice president directly owned 552,297 shares of the company’s stock, valued at approximately $6,688,316.67. This represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary D. Kain sold 700,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $11.91, for a total value of $8,337,000.00. Following the transaction, the director directly owned 2,189,091 shares in the company, valued at approximately $26,072,073.81. This represents a 24.23% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 775,000 shares of company stock valued at $9,246,000. Insiders own 0.40% of the company’s stock.

Institutional Trading of AGNC Investment

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its holdings in shares of AGNC Investment by 51.9% in the first quarter. AQR Capital Management LLC now owns 64,100 shares of the real estate investment trust’s stock valued at $614,000 after purchasing an additional 21,897 shares during the period. NewEdge Advisors LLC grew its position in AGNC Investment by 38.4% in the 1st quarter. NewEdge Advisors LLC now owns 24,941 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 6,923 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in AGNC Investment by 16.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust’s stock valued at $26,937,000 after buying an additional 387,524 shares during the period. Hsbc Holdings PLC raised its position in AGNC Investment by 57.8% during the 2nd quarter. Hsbc Holdings PLC now owns 37,642 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 13,793 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of AGNC Investment by 8.9% in the 2nd quarter. Invesco Ltd. now owns 2,494,606 shares of the real estate investment trust’s stock worth $22,925,000 after acquiring an additional 203,610 shares during the period. 38.28% of the stock is 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.