AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report)’s stock price fell 1.6% on Monday. The stock traded as low as $8.62 and last traded at $8.65. 43,082,614 shares were traded during trading, an increase of 104% from the average daily volume of 21,120,494 shares. The stock had previously closed at $8.79.
Analyst Ratings Changes
AGNC has been the topic of a number of research reports. Piper Sandler upped their target price on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Keefe, Bruyette & Woods reduced their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Finally, Compass Point lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a report on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.11.
Check Out Our Latest Research Report on AGNC Investment
AGNC Investment Stock Down 1.6%
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 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The company had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the business posted ($0.17) EPS. Sell-side analysts anticipate that AGNC Investment Corp. will post 1.6 earnings per share for the current year.
AGNC Investment Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.44 annualized dividend and a yield of 16.6%. AGNC Investment’s dividend payout ratio (DPR) is 75.79%.
Insider Buying and Selling at AGNC Investment
In other news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the transaction, the executive vice president owned 406,947 shares of the company’s stock, valued at $4,476,417. The trade was a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in AGNC Investment during the 2nd quarter worth approximately $704,076,000. QRG Capital Management Inc. grew its stake in shares of AGNC Investment by 921.8% during the 1st quarter. QRG Capital Management Inc. now owns 570,650 shares of the real estate investment trust’s stock worth $5,724,000 after acquiring an additional 514,804 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of AGNC Investment in the second quarter valued at approximately $4,062,000. Y Intercept Hong Kong Ltd raised its holdings in shares of AGNC Investment by 187.2% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 786,411 shares of the real estate investment trust’s stock valued at $8,430,000 after purchasing an additional 512,574 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of AGNC Investment in the second quarter valued at approximately $3,560,000. 38.28% of the stock is currently owned by institutional investors.
AGNC Investment Company Profile
AGNC Investment Corp. is an internally managed real estate investment trust that invests primarily in agency residential mortgage-backed securities. Its portfolio generally includes mortgage pass-through securities and collateralized mortgage obligations issued or guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae. Because these securities carry government or government-sponsored enterprise backing, the company’s investment strategy focuses on interest-rate and prepayment risks rather than traditional residential credit risk.
AGNC finances its investments largely through repurchase agreements and uses interest-rate swaps, swaptions, and other hedging instruments to manage exposure to changing interest rates and funding costs.
Featured Articles
- Five stocks we like better than AGNC Investment
- NVIDIA’s Record High Raises a Bigger Question About How Far the Rally Can Run
- A Manufacturing Surprise Could Be a Big Win for These 2 Companies
- What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions
- 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks
Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.
