AGNC Investment (NASDAQ:AGNC) Shares Down 0.3% - Here's Why

Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) traded down 0.3% during mid-day trading on Thursday . The company traded as low as $10.31 and last traded at $10.33. 4,031,364 shares were traded during mid-day trading, a decline of 75% from the average session volume of 16,069,480 shares. The stock had previously closed at $10.36.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AGNC. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their price objective on AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a report on Monday, December 9th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $11.00 target price on shares of AGNC Investment in a research note on Thursday, January 30th. Argus raised shares of AGNC Investment to a "hold" rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $10.50.

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AGNC Investment Stock Performance

The business's 50-day moving average is $10.10 and its 200 day moving average is $9.93. 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 market cap of $9.31 billion, a PE ratio of 10.48 and a beta of 1.50.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates 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 research analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a mar 25 dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a $0.12 dividend. This represents a dividend yield of 14.1%. The ex-dividend date of this dividend is Monday, March 31st. AGNC Investment's dividend payout ratio is 148.45%.

Insider Activity at AGNC Investment

In other news, Director Frances Spark sold 5,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the sale, the director now directly owns 75,919 shares in the company, valued at approximately $766,781.90. This represents a 6.18 % 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, CFO Bernice Bell sold 13,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the sale, the chief financial officer now owns 372,226 shares of the company's stock, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AGNC. Fourth Dimension Wealth LLC purchased a new stake in AGNC Investment in the fourth quarter worth about $26,000. Financial Life Planners bought a new position in shares of AGNC Investment in the 4th quarter worth about $28,000. Point72 Asset Management L.P. bought a new stake in AGNC Investment during the third quarter worth about $32,000. National Bank of Canada FI grew its holdings 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 worth $32,000 after purchasing an additional 1,832 shares during the period. Finally, Spire Wealth Management increased its stake in shares of AGNC Investment by 94.5% during the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,972 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

About AGNC Investment

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).