AGNC Investment (NASDAQ:AGNC) Trading Down 0.3% - What's Next?

Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) fell 0.3% during mid-day trading on Thursday . The company traded as low as $10.45 and last traded at $10.46. 2,438,788 shares traded hands during trading, a decline of 81% from the average session volume of 12,933,125 shares. The stock had previously closed at $10.49.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AGNC. Compass Point boosted their price objective on AGNC Investment from $10.25 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. StockNews.com cut AGNC Investment from a "hold" rating to a "sell" rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 16th. Royal Bank of Canada increased their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Friday, August 16th. Finally, Maxim Group cut shares of AGNC Investment from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.33.

AGNC Investment Price Performance

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 business's fifty day moving average is $10.29 and its 200 day moving average is $9.91. The company has a market cap of $7.60 billion, a P/E ratio of 11.49 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 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 the consensus estimate of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The business's quarterly revenue was up 52.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 earnings per share. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 2.11 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Shareholders 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 yield of 14%. AGNC Investment's dividend payout ratio is presently 158.24%.

Insider Transactions 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 sale, the chief financial officer now owns 298,182 shares of the company's stock, valued at $3,002,692.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.52% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of AGNC Investment during the 2nd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. grew 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 buying an additional 1,255 shares in the last quarter. LRI Investments LLC purchased a new position in AGNC Investment during the first quarter worth about $38,000. Quarry LP increased its stake 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 worth $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 1st quarter valued at about $53,000. Institutional investors 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).