AGNC Investment (NASDAQ:AGNC) Shares Up 0.2% - Here's What Happened

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s share price traded up 0.2% during trading on Friday . The stock traded as high as $10.39 and last traded at $10.39. 1,234,505 shares changed hands during trading, a decline of 90% from the average session volume of 12,937,135 shares. The stock had previously closed at $10.37.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Maxim Group cut shares of AGNC Investment from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. Royal Bank of Canada upped their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Friday, August 16th. StockNews.com cut shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Thursday. JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Finally, Compass Point upped their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $10.33.

AGNC Investment Stock Down 0.6 %

The company has a market cap of $8.07 billion, a price-to-earnings ratio of 27.87 and a beta of 1.47. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01. The firm's fifty day moving average price is $10.25 and its 200-day moving average price is $9.89.

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

AGNC Investment Dividend Announcement

The business also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a $0.12 dividend. This represents a yield of 14%. The ex-dividend date is Thursday, October 31st. AGNC Investment's payout ratio is presently 389.20%.

Insider Buying and Selling

In related news, CFO Bernice Bell sold 5,000 shares of the company's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total value of $49,850.00. Following the completion of the transaction, the chief financial officer now directly owns 308,182 shares of the company's stock, valued at approximately $3,072,574.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company's stock.

Hedge Funds Weigh In On AGNC Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in shares of AGNC Investment during the 4th quarter worth about $717,000. Norden Group LLC boosted its stake in shares of AGNC Investment by 985.9% during the 1st quarter. Norden Group LLC now owns 185,562 shares of the real estate investment trust's stock worth $1,837,000 after buying an additional 168,473 shares during the last quarter. Fermata Advisors LLC boosted its stake in shares of AGNC Investment by 53.0% during the 1st quarter. Fermata Advisors LLC now owns 23,213 shares of the real estate investment trust's stock worth $230,000 after buying an additional 8,039 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of AGNC Investment by 339.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 133,230 shares of the real estate investment trust's stock worth $1,323,000 after buying an additional 102,933 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of AGNC Investment by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust's stock worth $650,781,000 after buying an additional 2,368,658 shares during the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

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).