AGNC Investment (NASDAQ:AGNC) Hits New 52-Week Low at $16.19

AGNC Investment Corp. (NASDAQ:AGNC) reached a new 52-week low on Wednesday . The stock traded as low as $16.19 and last traded at $16.24, with a volume of 420146 shares trading hands. The stock had previously closed at $16.77.

Several research analysts recently issued reports on the stock. UBS Group assumed coverage on shares of AGNC Investment in a research report on Friday, June 21st. They issued a “neutral” rating and a $16.50 price target for the company. ValuEngine raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. TheStreet lowered shares of AGNC Investment from a “c” rating to a “d+” rating in a research report on Thursday, July 25th. BidaskClub raised shares of AGNC Investment from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of AGNC Investment from $18.00 to $17.50 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.17.

The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $9.10 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 2.84 and a beta of 0.23. The business has a 50-day moving average price of $17.11.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). AGNC Investment had a positive return on equity of 11.47% and a negative net margin of 62.31%. The business had revenue of $123.00 million during the quarter, compared to analyst estimates of $289.69 million. During the same period last year, the company earned $0.63 EPS. Equities research analysts predict that AGNC Investment Corp. will post 2.01 earnings per share for the current year.

The firm also recently declared a aug 19 dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be given a $0.16 dividend. This represents a yield of 3.82%. The ex-dividend date of this dividend is Thursday, August 29th. AGNC Investment’s dividend payout ratio (DPR) is presently 81.70%.

In other news, CEO Gary D. Kain acquired 7,500 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was bought at an average price of $17.01 per share, with a total value of $127,575.00. Following the completion of the acquisition, the chief executive officer now owns 1,300 shares in the company, valued at approximately $22,113. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gary D. Kain acquired 97,802 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average cost of $17.73 per share, with a total value of $1,734,029.46. Following the acquisition, the chief executive officer now owns 1,300 shares of the company’s stock, valued at approximately $23,049. The disclosure for this purchase can be found here. Company insiders own 0.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of AGNC Investment by 5.5% during the second quarter. BlackRock Inc. now owns 57,356,164 shares of the real estate investment trust’s stock worth $964,732,000 after buying an additional 2,995,801 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of AGNC Investment by 1.9% in the second quarter. Vanguard Group Inc. now owns 52,108,759 shares of the real estate investment trust’s stock valued at $876,469,000 after purchasing an additional 963,902 shares in the last quarter. State Treasurer State of Michigan increased its holdings in shares of AGNC Investment by 9.1% in the second quarter. State Treasurer State of Michigan now owns 26,482,030 shares of the real estate investment trust’s stock valued at $445,428,000 after purchasing an additional 2,200,000 shares in the last quarter. FMR LLC increased its holdings in shares of AGNC Investment by 15.7% in the first quarter. FMR LLC now owns 17,512,839 shares of the real estate investment trust’s stock valued at $315,230,000 after purchasing an additional 2,376,477 shares in the last quarter. Finally, Scout Investments Inc. increased its holdings in shares of AGNC Investment by 57.5% in the second quarter. Scout Investments Inc. now owns 9,067,334 shares of the real estate investment trust’s stock valued at $152,513,000 after purchasing an additional 3,310,432 shares in the last quarter. 66.41% of the stock is owned by institutional investors.

About AGNC Investment (NASDAQ:AGNC)

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).

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