AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.7% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC) shares dropped 1.7% on Friday . The stock traded as low as $7.88 and last traded at $7.99. Approximately 17,642,043 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 18,047,595 shares. The stock had previously closed at $8.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Royal Bank of Canada restated an “outperform” rating and set a $11.00 price objective on shares of AGNC Investment in a research report on Thursday, January 30th. Keefe, Bruyette & Woods cut their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Finally, StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Trading Up 2.8 %

The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 8.61 and a beta of 1.32. The company has a fifty day moving average price of $9.92 and a 200-day moving average price of $9.79. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.

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%. As a group, research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The company also recently announced a apr 25 dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, April 30th. This represents a dividend yield of 17.7%. AGNC Investment’s payout ratio is currently 148.45%.

Insiders Place Their Bets

In related news, CFO Bernice Bell sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the transaction, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. This represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frances Spark sold 5,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. FMR LLC lifted its position in shares of AGNC Investment by 2.0% during the 3rd quarter. FMR LLC now owns 103,556 shares of the real estate investment trust’s stock worth $1,083,000 after purchasing an additional 1,999 shares during the last quarter. HighTower Advisors LLC lifted its holdings in AGNC Investment by 2.6% during the 3rd quarter. HighTower Advisors LLC now owns 94,358 shares of the real estate investment trust’s stock worth $987,000 after buying an additional 2,385 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of AGNC Investment during the 3rd quarter worth about $32,000. Quantinno Capital Management LP increased its holdings in shares of AGNC Investment by 30.9% in the 3rd quarter. Quantinno Capital Management LP now owns 15,289 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 3,607 shares during the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of AGNC Investment during the 3rd quarter worth about $130,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

About AGNC Investment

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).