AGNC Investment (NASDAQ:AGNC) Shares Up 0.5%

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) shares rose 0.5% during trading on Friday . The company traded as high as $10.49 and last traded at $10.45. Approximately 3,435,357 shares were traded during trading, a decline of 73% from the average daily volume of 12,879,571 shares. The stock had previously closed at $10.40.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Maxim Group lowered shares of AGNC Investment from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. Wells Fargo & Company raised AGNC Investment from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $10.00 to $12.00 in a report on Friday, September 20th. JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a research note on Wednesday, August 28th. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research note on Wednesday, September 18th. Finally, Royal Bank of Canada upped their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $10.33.

AGNC Investment Stock Performance

The firm's fifty day simple moving average is $10.20 and its 200 day simple moving average is $9.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 11.48 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The business had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The business's quarterly revenue was up 52.1% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. On average, sell-side analysts forecast that AGNC Investment Corp. will post 2.11 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a yield of 13.66%. AGNC Investment's payout ratio is 158.24%.

Insider Activity

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the company's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the transaction, the chief financial officer now directly owns 298,182 shares of the company's stock, valued at approximately $3,002,692.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AGNC. Ashton Thomas Private Wealth LLC bought a new position in AGNC Investment during the second quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. boosted its position in AGNC Investment by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 1,255 shares during the period. LRI Investments LLC bought a new stake in AGNC Investment during the first quarter worth approximately $38,000. Quarry LP raised its position in shares of AGNC Investment by 75.6% in the second quarter. Quarry LP now owns 5,285 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 2,275 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of AGNC Investment during the 1st quarter worth $53,000. Institutional investors and hedge funds own 38.28% of the company's stock.

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).

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