AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.3% – Time to Sell?

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price fell 1.3% during mid-day trading on Wednesday . The stock traded as low as $9.87 and last traded at $9.88. 12,183,473 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 13,107,431 shares. The stock had previously closed at $10.01.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AGNC shares. Royal Bank of Canada upped their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Compass Point upped their price target on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, AGNC Investment has a consensus rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Price Performance

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 firm has a 50-day moving average price of $10.30 and a 200 day moving average price of $9.93. The stock has a market capitalization of $7.22 billion, a P/E ratio of 11.01 and a beta of 1.47.

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

AGNC Investment Announces Dividend

The company also recently announced a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $0.12 dividend. This represents a dividend yield of 14%. The ex-dividend date of this dividend is Thursday, October 31st. AGNC Investment’s dividend payout ratio is 158.24%.

Insider Buying and Selling at AGNC Investment

In other news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Institutional Trading of AGNC Investment

Several institutional investors and hedge funds have recently bought and sold shares of AGNC. Riverview Trust Co purchased a new position in shares of AGNC Investment in the 3rd quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of AGNC Investment during the 2nd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. grew its position in shares of 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. Blue Trust Inc. increased its stake in shares of AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 2,966 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in AGNC Investment during the 1st quarter valued at about $38,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

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).