AGNC Investment (NASDAQ:AGNC) Shares Down 2.4% - Here's Why

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s stock price dropped 2.4% during trading on Thursday . The company traded as low as $9.34 and last traded at $9.38. Approximately 6,285,880 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 13,679,171 shares. The stock had previously closed at $9.61.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AGNC. 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. Wells Fargo & Company raised shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and lifted 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 report on Wednesday, August 28th. Royal Bank of Canada boosted their price objective 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, Keefe, Bruyette & Woods boosted their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the company an "outperform" rating in a research report on Thursday, July 25th. 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 data from MarketBeat.com, AGNC Investment currently has an average rating of "Moderate Buy" and a consensus target price of $10.33.

AGNC Investment Stock Down 3.1 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The business's 50 day moving average is $10.27 and its 200-day moving average is $9.93. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 6.52 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $756.00 million for the quarter, compared to analysts' expectations of $219.50 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. During the same quarter in the prior year, the firm earned $0.65 EPS. On average, sell-side analysts predict that AGNC Investment Corp. will post 2.11 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

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

Insider Transactions at AGNC Investment

In other news, CFO Bernice Bell sold 5,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 298,182 shares in the company, valued at approximately $3,002,692.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.43% of the company's stock.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in AGNC Investment by 945.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,072,039 shares of the real estate investment trust's stock valued at $102,489,000 after buying an additional 969,475 shares during the period. J.W. Cole Advisors Inc. grew its holdings in shares of AGNC Investment by 112.7% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 107,749 shares of the real estate investment trust's stock worth $1,127,000 after purchasing an additional 57,089 shares during the period. Norden Group LLC grew its holdings 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 purchasing an additional 168,473 shares during the period. Allspring Global Investments Holdings LLC lifted its position in AGNC Investment by 2.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust's stock worth $86,169,000 after acquiring an additional 189,444 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in 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 acquiring an additional 2,368,658 shares in the last quarter. 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).