AGNC Investment (NASDAQ:AGNC) Trading 0.6% Higher - Here's What Happened

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) rose 0.6% during mid-day trading on Monday . The stock traded as high as $9.41 and last traded at $9.37. Approximately 6,245,959 shares traded hands during trading, a decline of 55% from the average daily volume of 13,762,549 shares. The stock had previously closed at $9.31.

Analysts Set New Price Targets

Several brokerages recently weighed in on AGNC. Compass Point increased their target price on AGNC Investment from $10.25 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. StockNews.com lowered AGNC Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. Maxim Group lowered shares of AGNC Investment from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, Royal Bank of Canada increased their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $10.33.

AGNC Investment Stock Performance

The company has a 50 day moving average of $10.23 and a 200 day moving average of $9.94. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 6.51 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.04). The company had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a return on equity of 24.40% and a net margin of 42.19%. During the same period in the previous year, the business posted $0.65 EPS. As a group, equities research analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a dividend yield of 14%. AGNC Investment's payout ratio is 100.00%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total transaction of $50,350.00. Following the completion of the sale, the chief financial officer now owns 298,182 shares in the company, valued at $3,002,692.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AGNC Investment

Large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of AGNC Investment by 39.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 52,295 shares of the real estate investment trust's stock valued at $518,000 after purchasing an additional 14,898 shares during the period. Principal Financial Group Inc. grew its stake in shares of AGNC Investment by 44.2% in the first quarter. Principal Financial Group Inc. now owns 58,740 shares of the real estate investment trust's stock worth $582,000 after purchasing an additional 17,992 shares in the last quarter. Norden Group LLC increased its holdings in shares of AGNC Investment by 20.7% during the first quarter. Norden Group LLC now owns 20,618 shares of the real estate investment trust's stock valued at $204,000 after purchasing an additional 3,529 shares during the period. J.W. Cole Advisors Inc. grew its position in AGNC Investment by 62.4% in the 1st quarter. J.W. Cole Advisors Inc. now owns 24,590 shares of the real estate investment trust's stock valued at $243,000 after buying an additional 9,449 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in AGNC Investment by 1.1% during the 1st quarter. Private Advisor Group LLC now owns 158,671 shares of the real estate investment trust's stock valued at $1,571,000 after buying an additional 1,773 shares during the period. 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).