Shares of AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report) traded up 1.5% during mid-day trading on Wednesday . The company traded as high as $11.13 and last traded at $11.08. 17,255,508 shares traded hands during trading, a decline of 7% from the average session volume of 18,653,619 shares. The stock had previously closed at $10.92.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on AGNC shares. Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Wells Fargo & Company dropped their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.50 price target (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Compass Point lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a report on Friday, July 17th. Finally, Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Hold” and an average target price of $11.11.
Get Our Latest Stock Report on AGNC Investment
AGNC Investment Stock Up 1.5%
AGNC Investment (NASDAQ:AGNC – Get Free Report) last announced its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. The company had revenue of $305.00 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm posted ($0.17) earnings per share. As a group, equities research analysts predict that AGNC Investment Corp. will post 1.6 earnings per share for the current fiscal year.
AGNC Investment Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be issued a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 13.0%. The ex-dividend date is Monday, August 31st. AGNC Investment’s dividend payout ratio is 75.79%.
Insider Activity at AGNC Investment
In other news, EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the transaction, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. The trade was a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of AGNC. Danske Bank A S acquired a new stake in shares of AGNC Investment during the second quarter worth $26,000. Avion Wealth increased its holdings in AGNC Investment by 286.3% during the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 2,021 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in AGNC Investment during the 2nd quarter worth about $28,000. Osbon Capital Management LLC acquired a new stake in shares of AGNC Investment in the 2nd quarter valued at about $28,000. Finally, National Bank of Canada FI lifted its holdings in shares of AGNC Investment by 100.9% in the third quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,690 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.
AGNC Investment Company Profile
AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.
Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.
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