AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.2% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC) traded down 1.2% during mid-day trading on Monday . The stock traded as low as $10.61 and last traded at $10.77. 19,823,459 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 21,170,785 shares. The stock had previously closed at $10.90.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AGNC shares. Wall Street Zen downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of AGNC Investment in a research report on Thursday, January 29th. Barclays raised their price target on AGNC Investment from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Piper Sandler decreased their price objective on AGNC Investment from $12.50 to $10.50 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Finally, Wells Fargo & Company increased their price objective on AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.03.

AGNC Investment Price Performance

The stock’s fifty day moving average is $10.64 and its two-hundred day moving average is $10.67. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.01. The firm has a market cap of $12.25 billion, a P/E ratio of 9.02 and a beta of 1.38.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, April 20th. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $411.57 million. AGNC Investment had a net margin of 39.50% and a return on equity of 18.63%. As a group, research analysts anticipate that AGNC Investment Corp. will post 1.48 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 11th. Investors of record on Thursday, April 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a yield of 13.2%. AGNC Investment’s dividend payout ratio (DPR) is currently 102.86%.

Insider Buying and Selling

In other AGNC Investment news, Director Gary D. Kain sold 700,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $11.91, for a total value of $8,337,000.00. Following the transaction, the director directly owned 2,189,091 shares in the company, valued at $26,072,073.81. This represents a 24.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bernice Bell sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $12.14, for a total value of $303,500.00. Following the completion of the sale, the executive vice president directly owned 491,728 shares in the company, valued at approximately $5,969,577.92. The trade was a 4.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 775,000 shares of company stock worth $9,246,000 over the last ninety days. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AGNC Investment

Several institutional investors have recently modified their holdings of the company. GoalVest Advisory LLC purchased a new position in shares of AGNC Investment during the fourth quarter worth approximately $26,000. Sound Income Strategies LLC boosted its position in AGNC Investment by 61.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,048 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of AGNC Investment in the third quarter valued at about $29,000. Flagship Harbor Advisors LLC purchased a new position in AGNC Investment during the 4th quarter valued at about $33,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of AGNC Investment by 110.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,251 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,708 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Company Profile

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.