AGNC Investment (NASDAQ:AGNC) Trading Up 0.3%

AGNC Investment Corp. (NASDAQ:AGNC) shares shot up 0.3% on Thursday . The company traded as high as $9.35 and last traded at $9.28. 1,698,631 shares were traded during mid-day trading, a decline of 86% from the average session volume of 11,819,263 shares. The stock had previously closed at $9.25.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AGNC shares. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Keefe, Bruyette & Woods cut their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Barclays increased their target price on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, January 22nd. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Thursday, April 18th. Finally, Jonestrading cut their target price on shares of AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.79.

AGNC Investment Stock Up 0.9 %

The firm has a market cap of $6.48 billion, a P/E ratio of 10.20 and a beta of 1.45. The business’s fifty day moving average price is $9.53 and its two-hundred day moving average price is $9.27. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm had revenue of $642.00 million for the quarter, compared to the consensus estimate of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same quarter last year, the firm posted $0.70 EPS. As a group, equities research analysts anticipate that AGNC Investment Corp. will post 2.1 EPS for the current year.

AGNC Investment Announces Dividend

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

Insider Buying and Selling

In other AGNC Investment news, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total value of $46,750.00. Following the completion of the transaction, the director now owns 75,545 shares of the company’s stock, valued at approximately $706,345.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Large investors have recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC acquired a new position in AGNC Investment in the 4th quarter valued at approximately $30,000. Bruce G. Allen Investments LLC acquired a new position in shares of AGNC Investment in the 4th quarter worth approximately $37,000. Verity & Verity LLC acquired a new position in shares of AGNC Investment in the 1st quarter worth approximately $45,000. CENTRAL TRUST Co acquired a new position in shares of AGNC Investment in the 4th quarter worth approximately $46,000. Finally, Allworth Financial LP raised its holdings in shares of AGNC Investment by 76.5% in the 4th quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,096 shares in the last quarter. Institutional investors and hedge funds 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).