Frances Spark Sells 5,000 Shares of AGNC Investment Corp. (NASDAQ:AGNC) Stock

AGNC Investment Corp. (NASDAQ:AGNC) Director Frances Spark sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total transaction of $46,750.00. Following the sale, the director now owns 75,545 shares of the company’s stock, valued at $706,345.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

AGNC Investment Stock Performance

AGNC stock opened at $9.33 on Friday. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 10.25 and a beta of 1.45. AGNC Investment Corp. has a twelve month low of $6.81 and a twelve month high of $10.64. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $9.55 and its two-hundred day simple moving average is $9.26.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same quarter last year, the business posted $0.70 EPS. Analysts predict that AGNC Investment Corp. will post 2.18 earnings per share for the current year.

AGNC Investment Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, January 22nd. Compass Point assumed coverage on shares of AGNC Investment in a research note on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price on the stock. Royal Bank of Canada lowered their price target on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, January 25th. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.79.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently bought and sold shares of AGNC. MeadowBrook Investment Advisors LLC purchased a new position in shares of AGNC Investment during the fourth quarter valued at $30,000. Bruce G. Allen Investments LLC purchased a new position in AGNC Investment during the 4th quarter valued at about $37,000. Verity & Verity LLC bought a new stake in shares of AGNC Investment in the 1st quarter valued at about $45,000. CENTRAL TRUST Co purchased a new stake in shares of AGNC Investment in the 4th quarter worth approximately $46,000. Finally, Allworth Financial LP boosted its stake in shares of AGNC Investment by 76.5% during the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,096 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

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).