AGNC Investment Corp. (NASDAQ:AGNC – Get Rating ) EVP Bernice Bell sold 2,600 shares of the firm’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $9.90, for a total value of $25,740.00. Following the completion of the sale, the executive vice president now directly owns 255,500 shares of the company’s stock, valued at approximately $2,529,450. The transaction was disclosed in a filing with the SEC, which is available at this link.
Bernice Bell also recently made the following transaction(s):
- On Wednesday, April 26th, Bernice Bell sold 5,100 shares of AGNC Investment stock. The shares were sold at an average price of $9.86, for a total value of $50,286.00.
AGNC Investment Trading up 1.3%
Shares of NASDAQ:AGNC traded up $0.13 during trading on Friday, reaching $9.91. 12,896,745 shares of the company traded hands, compared to its average volume of 11,653,630. AGNC Investment Corp. has a fifty-two week low of $7.30 and a fifty-two week high of $12.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.24, and a quick ratio of 0.24. The company has a 50-day simple moving average of $10.25 and a 200-day simple moving average of $10.08.
AGNC Investment (NASDAQ:AGNC – Get Rating) last posted its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.05. The business had revenue of $351.00 million for the quarter, compared to analysts’ expectations of $419.83 million. AGNC Investment had a positive return on equity of 29.26% and a negative net margin of 49.78%. The business’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period in the previous year, the firm reported $0.72 EPS. On average, equities analysts predict that AGNC Investment Corp. will post 2.32 EPS for the current fiscal year.
AGNC Investment announces dividend
The company also recently announced a dividend from April 23rd, which will be paid on Tuesday, May 9th. Stockholders of record on Friday, April 28th will be paid a dividend of $0.12 per share. This represents a dividend yield of 14.5%. The ex-dividend date of this dividend is Thursday, April 27th. AGNC Investment’s payout ratio is currently -92.31%.
Analysts set new price targets
A number of brokerages recently issued reports on AGNC. Barclays cut their target price on AGNC Investment from $11.00 to $10.00 in a research note on Wednesday. Royal Bank of Canada lifted their price objective on AGNC Investment from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Tuesday, February 7th. Maxim Group lifted their price objective on AGNC Investment from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, February 1st. StockNews.com began coverage on AGNC Investment in a research note on Thursday, March 16th. They assign a “hold” rating to the company. Finally, Argus lowered AGNC Investment from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.69.
AGNC Investment Institutional Trading
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dupont Capital Management Corp purchased a new stake in AGNC Investment during the first quarter valued at approximately $37,000. SG Americas Securities LLC acquired a new stake in shares of AGNC Investment during the first quarter valued at $1,644,000. Janney Montgomery Scott LLC boosted its stake in shares of AGNC Investment by 26.7% in the first quarter. Janney Montgomery Scott LLC now owns 138,791 shares of the real estate investment trust’s stock valued at $1,399,000 after acquiring an additional 29,285 shares during the last quarter. Autumn Glory Partners LLC boosted its holdings in AGNC Investment by 30.0% in the first quarter. Autumn Glory Partners LLC now owns 13,000 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in AGNC Investment by 12.3% in the first quarter. Arizona State Retirement System now owns 165,630 shares of the real estate investment trust’s stock valued at $1,670,000 after purchasing an additional 18,130 shares in the last quarter. Hedge funds and other institutional investors own 40.87% of the company’s shares.
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-backed securities and collateralized mortgage obligations (CMOs) for which principal and interest payments are guaranteed by a government-sponsored entity such as the Federal National Mortgage Association (Fannie Mae) and the 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 GSEs).
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