AGNC Investment (NASDAQ:AGNC) Trading Up 0.5% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC) was up 0.5% during mid-day trading on Thursday . The stock traded as high as $9.58 and last traded at $9.57. Approximately 2,944,234 shares were traded during trading, a decline of 79% from the average daily volume of 14,043,396 shares. The stock had previously closed at $9.52.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Compass Point raised their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods raised their price target on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research report on Thursday, July 25th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada upped their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.

AGNC Investment Price Performance

The stock has a market cap of $8.48 billion, a P/E ratio of 6.65 and a beta of 1.47. The company’s fifty day simple moving average is $10.09 and its 200-day simple moving average is $9.95. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The firm had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same quarter in the previous year, the business posted $0.65 earnings per share. As a group, sell-side analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 14.9%. AGNC Investment’s payout ratio is 100.00%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Riverview Trust Co acquired a new position in AGNC Investment in the third quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of AGNC Investment during the 2nd quarter valued at $31,000. Point72 Asset Management L.P. bought a new stake in shares of AGNC Investment in the 3rd quarter valued at $32,000. Northwestern Mutual Wealth Management Co. raised its stake in AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,255 shares during the period. Finally, Blue Trust Inc. lifted its holdings in AGNC Investment by 315.9% during the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 2,966 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

About AGNC Investment

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).