AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.6% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC)’s share price was down 0.6% on Friday . The company traded as low as $10.20 and last traded at $10.23. Approximately 3,714,379 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 16,078,512 shares. The stock had previously closed at $10.29.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AGNC shares. Keefe, Bruyette & Woods lowered their price objective on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Argus raised AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.50.

AGNC Investment Price Performance

The stock has a 50 day simple moving average of $10.10 and a two-hundred day simple moving average of $9.93. The firm has a market cap of $9.31 billion, a PE ratio of 10.48 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. Sell-side analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a mar 25 dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a $0.12 dividend. The ex-dividend date is Monday, March 31st. This represents a dividend yield of 14.1%. AGNC Investment’s dividend payout ratio is presently 148.45%.

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 13,000 shares of AGNC Investment stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the completion of the transaction, the chief financial officer now owns 372,226 shares in the company, valued at $3,737,149.04. The trade was a 3.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the completion of the transaction, the director now owns 75,919 shares of the company’s stock, valued at approximately $766,781.90. This represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On AGNC Investment

Several institutional investors and hedge funds have recently modified their holdings of the business. Atria Investments Inc boosted its holdings in AGNC Investment by 5.4% in the 3rd quarter. Atria Investments Inc now owns 30,506 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 1,564 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in AGNC Investment in the 3rd quarter worth about $180,000. Thrivent Financial for Lutherans boosted its holdings in AGNC Investment by 3,409.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 696,095 shares of the real estate investment trust’s stock worth $7,281,000 after buying an additional 676,259 shares during the last quarter. Swiss National Bank boosted its holdings in AGNC Investment by 5.0% in the 3rd quarter. Swiss National Bank now owns 1,436,500 shares of the real estate investment trust’s stock worth $15,026,000 after buying an additional 68,300 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its holdings in AGNC Investment by 17.8% in the 3rd quarter. Pathstone Holdings LLC now owns 210,477 shares of the real estate investment trust’s stock worth $2,224,000 after buying an additional 31,787 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

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).