Shares of AGNC Investment (NASDAQ:AGNC) fell 0.1%

VaselineSeptember 18, 2024

0 4 minutes read

Share price of AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report ) traded down 0.1% during trading on Wednesday. The stock traded as high as $10.52 and last traded at $10.55. During trading, 2,253,219 shares were traded, down 82% from the session’s average volume of 12,563,070 shares. Shares previously closed at $10.56.

Changes in Analyst Ratings

Several equities analysts recently issued reports on the company. Compass Point upped their target price on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods boosted their price target on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Maxim Group downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada increased their target price on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th . One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. AGNC Investment has a consensus rating of “Hold” and an average price target of $10.13, according to MarketBeat .

Read our latest research report on AGNC

AGNC Investment Price Performance

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The company has a fifty day moving average of $10.17 and a 200 day moving average of $9.81. The company has a current ratio of 0.27, a quick ratio of 0.27, and a debt-to-equity ratio of 0.01. The firm has a market cap of $7.68 billion, a PE ratio of 11.59 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC – Get Your Free Report ) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The firm had revenue of $695.00 million during the quarter, compared to the consensus estimate of $643.29 million. During the same quarter last year, the business posted earnings of $0.67 per share. AGNC Investment’s revenue was up 52.1% compared to the same quarter last year. As a group, research analysts predict that AGNC Investment Corp. will post 2.11 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents an annualized dividend of $1.44 and a yield of 13.64%. The ex-dividend date is Monday, September 30. AGNC Investment’s dividend payout ratio is 158.24%.

Insiders place their bets

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total transaction of $49,850.00. Following the sale, the chief financial officer now owns 308,182 shares in the company, valued at $3,072,574.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Corporate insiders own 0.52% of the company’s shares.

Institutional trading of AGNC Investment

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in AGNC Investment by 3.7% in the first quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock worth $650,781,000 after purchasing an additional 2,368,658 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in AGNC Investment by 0.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 8,048,520 shares of the real estate investment trust’s stock worth $76,783,000 after purchasing an additional 32,813 shares during the last quarter. Clearbridge Investments LLC increased its stake in AGNC Investment by 1.1% during the 4th quarter. Clearbridge Investments LLC now owns 7,380,614 shares of the real estate investment trust’s stock valued at $72,404,000 after buying another 79,316 shares in the last quarter. Equity Investment Corp boosted its stake in AGNC Investment by 3.7% in the second quarter. Equity Investment Corp now owns 7,124,392 shares of the real estate investment trust’s stock worth $67,967,000 after buying an additional 253,821 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of AGNC Investment during the fourth quarter valued at about $69,215,000. Institutional investors own 38.28% of the company’s shares.

AGNC Investment Company Profile

(Get a free report)

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in leveraged residential mortgage-backed securities. Its investments consist of residential mortgage transfer securities and guaranteed mortgage obligations (CMOs) for which principal and interest payments are guaranteed by a government-sponsored enterprise such as the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage. Corporation (Freddie Mac) or by a United States government agency such as the Government National Mortgage Association (Ginnie Mae) (collectively, the GSE).