AGNC Investment (NASDAQ:AGNC) Trading Down 0.6%

Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) were down 0.6% on Wednesday . The stock traded as low as $10.37 and last traded at $10.41. Approximately 4,241,033 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 12,848,228 shares. The stock had previously closed at $10.47.

Analyst Ratings Changes

Several research analysts have issued reports on AGNC shares. Compass Point raised their price target on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Royal Bank of Canada boosted their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Friday, August 16th. StockNews.com raised AGNC Investment from a "sell" rating to a "hold" rating in a research note on Wednesday, September 18th. Wells Fargo & Company raised AGNC Investment from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $10.00 to $12.00 in a research note on Friday, September 20th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.33.

AGNC Investment Trading Down 1.0 %

The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 11.40 and a beta of 1.47. The firm's 50-day moving average is $10.19 and its 200-day moving average is $9.84. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced 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). AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The firm had revenue of $695.00 million during the quarter, compared to analysts' expectations of $643.29 million. During the same quarter in the prior year, the company earned $0.67 EPS. The business's revenue for the quarter was up 52.1% on a year-over-year basis. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 2.11 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 13.89%. The ex-dividend date is Monday, September 30th. AGNC Investment's payout ratio is currently 158.24%.

Insider Activity

In related news, CFO Bernice Bell sold 5,000 shares of the stock in a transaction on 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 owns 298,182 shares of the company's stock, valued at $3,002,692.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.52% of the company's stock.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors have recently bought and sold shares of AGNC. Ashton Thomas Private Wealth LLC purchased a new stake in shares of AGNC Investment during the second quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. boosted its holdings in AGNC Investment by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust's stock worth $35,000 after buying an additional 1,255 shares during the period. LRI Investments LLC bought a new position in AGNC Investment in the 1st quarter worth approximately $38,000. Quarry LP increased its holdings in AGNC Investment by 75.6% in the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 2,275 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of AGNC Investment in the first quarter worth about $53,000. 38.28% of the stock is 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).