AGNC Investment Corp. (NASDAQ:AGNC) Director Paul E. Mullings Sells 5,400 Shares of Stock

AGNC Investment Corp. (NASDAQ:AGNC) Director Paul E. Mullings sold 5,400 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $9.40, for a total transaction of $50,760.00. Following the sale, the director now directly owns 111,827 shares of the company’s stock, valued at $1,051,173.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

AGNC Investment Stock Up 1.5 %

AGNC opened at $9.54 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26. AGNC Investment Corp. has a one year low of $6.81 and a one year high of $10.64. The firm has a market capitalization of $6.63 billion, a P/E ratio of 10.48 and a beta of 1.45. The company has a fifty day moving average price of $9.53 and a 200-day moving average price of $9.29.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a return on equity of 27.92% and a net margin of 32.12%. The business had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same period in the prior year, the company earned $0.70 EPS. Equities research analysts expect that AGNC Investment Corp. will post 2.1 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

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

Institutional Trading of AGNC Investment

Several institutional investors and hedge funds have recently made changes to their positions in AGNC. MeadowBrook Investment Advisors LLC bought a new position in AGNC Investment in the fourth quarter valued at $30,000. Bruce G. Allen Investments LLC bought a new position in shares of AGNC Investment during the 4th quarter valued at about $37,000. Verity & Verity LLC purchased a new position in shares of AGNC Investment during the 1st quarter valued at about $45,000. CENTRAL TRUST Co bought a new stake in AGNC Investment in the 4th quarter worth approximately $46,000. Finally, Allworth Financial LP boosted its stake in AGNC Investment by 76.5% in the fourth 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. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on AGNC shares. Keefe, Bruyette & Woods decreased their price objective on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Royal Bank of Canada lowered their price target on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, January 25th. Jonestrading cut their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Compass Point initiated coverage on AGNC Investment in a research report on Tuesday, February 20th. They set a “buy” rating and a $10.25 price target for the company. Finally, StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.79.

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).