AGNC Investment (NASDAQ:AGNC) Stock Price Down 2.8% - Time to Sell?

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) dropped 2.8% during trading on Friday . The company traded as low as $8.91 and last traded at $9.08. Approximately 13,830,896 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 16,986,129 shares. The stock had previously closed at $9.34.

Analysts Set New Price Targets

Several brokerages have weighed in on AGNC. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods decreased their target price on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a research note on Monday, December 9th. Wells Fargo & Company decreased their price objective on AGNC Investment from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $11.00 target price on shares of AGNC Investment in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $10.50.

AGNC Investment Trading Down 1.4 %

The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The company's 50-day moving average is $10.03 and its 200-day moving average is $9.84. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 8.80 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 13,000 shares of the business's stock in a transaction 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 sale, the chief financial officer now owns 372,226 shares in the company, valued at approximately $3,737,149.04. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were 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 of the company's stock, 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 owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in AGNC Investment by 7.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 197,489 shares of the real estate investment trust's stock valued at $2,066,000 after buying an additional 13,578 shares during the period. FMR LLC boosted its holdings in AGNC Investment by 2.0% in the third quarter. FMR LLC now owns 103,556 shares of the real estate investment trust's stock valued at $1,083,000 after purchasing an additional 1,999 shares during the period. Captrust Financial Advisors grew its stake in AGNC Investment by 6.1% during the 3rd quarter. Captrust Financial Advisors now owns 52,440 shares of the real estate investment trust's stock worth $549,000 after purchasing an additional 3,014 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in AGNC Investment during the 3rd quarter worth about $266,000. Finally, HighTower Advisors LLC raised its position in AGNC Investment by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 94,358 shares of the real estate investment trust's stock valued at $987,000 after purchasing an additional 2,385 shares in the last quarter. Hedge funds and other 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).