AGNC Investment (NASDAQ:AGNC) Trading Down 1.5% Following Insider Selling

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded down 1.5% on Thursday following insider selling activity. The company traded as low as $9.16 and last traded at $9.22. 4,983,955 shares changed hands during trading, a decline of 58% from the average session volume of 11,734,414 shares. The stock had previously closed at $9.36.

Specifically, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total value of $46,750.00. Following the transaction, the director now owns 75,545 shares in the company, valued at approximately $706,345.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Jonestrading dropped their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a report on Tuesday. Barclays lifted their target price on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, January 22nd. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a 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 target on the stock. Finally, Royal Bank of Canada decreased their price target on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.79.

AGNC Investment Stock Up 1.0 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The firm’s 50-day simple moving average is $9.55 and its 200-day simple moving average is $9.26. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 10.25 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. The business had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same period in the previous year, the business earned $0.70 EPS. Sell-side analysts forecast that AGNC Investment Corp. will post 2.18 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a dividend yield of 15.4%. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Institutional Trading of AGNC Investment

Several institutional investors have recently made changes to their positions in the business. Portside Wealth Group LLC boosted its position in shares of AGNC Investment by 8.8% during the 4th quarter. Portside Wealth Group LLC now owns 14,124 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 1,147 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of AGNC Investment by 12.3% during the 1st quarter. Global Retirement Partners LLC now owns 11,303 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 1,238 shares in the last quarter. Waterfront Wealth Inc. boosted its position in AGNC Investment by 2.5% in the fourth quarter. Waterfront Wealth Inc. now owns 52,215 shares of the real estate investment trust’s stock valued at $512,000 after buying an additional 1,251 shares in the last quarter. Consolidated Portfolio Review Corp boosted its position in AGNC Investment by 2.3% in the fourth quarter. Consolidated Portfolio Review Corp now owns 59,930 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 1,341 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its position in AGNC Investment by 4.1% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 35,286 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 1,379 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).