AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.4% on Analyst Downgrade

Shares of AGNC Investment Corp. (NASDAQ:AGNC) fell 0.4% during trading on Wednesday after Keefe, Bruyette & Woods lowered their price target on the stock from $10.00 to $9.50. Keefe, Bruyette & Woods currently has an outperform rating on the stock. AGNC Investment traded as low as $9.23 and last traded at $9.33. 2,549,999 shares traded hands during trading, a decline of 78% from the average session volume of 11,708,469 shares. The stock had previously closed at $9.37.

Several other equities analysts have also commented on AGNC. Barclays increased their price objective on shares of AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, January 22nd. StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Compass Point began coverage on shares of AGNC Investment in a research report on Tuesday, February 20th. They issued a “buy” rating and a $10.25 price objective for the company. Royal Bank of Canada decreased their price objective on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, January 25th. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.79.

Insider Buying and Selling

In other news, CFO Bernice Bell sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $9.85, for a total transaction of $98,500.00. Following the sale, the chief financial officer now owns 287,282 shares of the company’s stock, valued at approximately $2,829,727.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in AGNC. MeadowBrook Investment Advisors LLC acquired a new stake in shares of AGNC Investment during the 4th quarter worth approximately $30,000. Bruce G. Allen Investments LLC acquired a new stake in AGNC Investment in the 4th quarter valued at $37,000. Verity & Verity LLC acquired a new stake in AGNC Investment in the 1st quarter valued at $45,000. CENTRAL TRUST Co acquired a new stake in AGNC Investment in the 4th quarter valued at $46,000. Finally, Allworth Financial LP grew its stake in AGNC Investment by 76.5% in the 4th quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 2,096 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Stock Down 0.1 %

The business’s 50 day moving average is $9.55 and its 200-day moving average is $9.26. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 10.29 and a beta of 1.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. During the same quarter last year, the firm posted $0.70 EPS. On average, sell-side analysts predict that AGNC Investment Corp. will post 2.16 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a yield of 15.4%. AGNC Investment’s payout ratio is currently 158.24%.

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).