AGNC Investment (NASDAQ:AGNC) Stock Price Down 1% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC) fell 1% during trading on Tuesday . The company traded as low as $9.96 and last traded at $10.03. 6,480,223 shares changed hands during trading, a decline of 69% from the average session volume of 21,062,393 shares. The stock had previously closed at $10.13.

Wall Street Analysts Forecast Growth

AGNC has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. Keefe, Bruyette & Woods cut their price target on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. Argus raised shares of AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $11.00 price target on shares of AGNC Investment in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

AGNC Investment Price Performance

The company’s fifty day moving average is $10.12 and its two-hundred day moving average is $9.93. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 10.23 and a beta of 1.50.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results 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%. Equities research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a mar 25 dividend, which will be paid on Wednesday, April 9th. Stockholders 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 (DPR) is presently 148.45%.

Insider Activity at AGNC Investment

In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total transaction of $50,500.00. Following the transaction, the director now directly owns 75,919 shares in the company, 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 Investors Weigh In On AGNC Investment

A number of hedge funds have recently modified their holdings of the business. Pathstone Holdings LLC grew its position in shares of 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 valued at $2,224,000 after purchasing an additional 31,787 shares during the period. Prospera Financial Services Inc boosted its holdings in shares of AGNC Investment by 110.2% in the third quarter. Prospera Financial Services Inc now owns 24,369 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 12,776 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of AGNC Investment by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock worth $70,796,000 after acquiring an additional 162,152 shares in the last quarter. Nwam LLC acquired a new stake in shares of AGNC Investment during the third quarter worth $136,000. Finally, Pitcairn Co. bought a new stake in AGNC Investment in the 3rd quarter valued at $518,000. 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).