AGNC Investment (NASDAQ:AGNC) Trading Down 1.3% – Here’s What Happened

Shares of AGNC Investment Corp. (NASDAQ:AGNC) traded down 1.3% during mid-day trading on Tuesday . The stock traded as low as $9.39 and last traded at $9.51. 13,000,828 shares were traded during trading, a decline of 4% from the average session volume of 13,478,723 shares. The stock had previously closed at $9.64.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several analyst reports. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. JPMorgan Chase & Co. upped their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. 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 upped their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Trading Down 2.7 %

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 company has a market capitalization of $7.32 billion, a P/E ratio of 6.52 and a beta of 1.47. The firm’s 50-day moving average price is $10.27 and its 200 day moving average price is $9.93.

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

AGNC Investment Announces Dividend

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

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of AGNC Investment 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 owns 298,182 shares of the company’s stock, valued at $3,002,692.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AGNC Investment

Hedge funds have recently made changes to their positions in the business. Concurrent Investment Advisors LLC purchased a new stake in shares of AGNC Investment during the 3rd quarter worth approximately $351,000. QRG Capital Management Inc. increased its position in AGNC Investment by 7.6% in the third quarter. QRG Capital Management Inc. now owns 33,068 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 2,332 shares during the last quarter. Cannon Global Investment Management LLC purchased a new position in shares of AGNC Investment during the 3rd quarter valued at $1,569,000. Van ECK Associates Corp grew its stake in shares of AGNC Investment by 34.1% during the 3rd quarter. Van ECK Associates Corp now owns 3,427,978 shares of the real estate investment trust’s stock worth $34,074,000 after acquiring an additional 870,856 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in AGNC Investment in the 3rd quarter worth about $2,025,000. 38.28% of the stock is currently owned by 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).