AGNC Investment (NASDAQ:AGNC) Trading Up 0.1% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price shot up 0.1% during trading on Monday . The stock traded as high as $9.60 and last traded at $9.59. 4,226,732 shares were traded during mid-day trading, a decline of 70% from the average session volume of 14,040,063 shares. The stock had previously closed at $9.58.

Wall Street Analyst Weigh In

Several research firms have commented on AGNC. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Compass Point upped their price target on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada increased their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Finally, Keefe, Bruyette & Woods increased their target price on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market capitalization of $8.56 billion, a P/E ratio of 6.66 and a beta of 1.47. The company has a 50-day moving average price of $10.09 and a 200-day moving average price of $9.96.

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

AGNC Investment Dividend Announcement

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

Institutional Trading of AGNC Investment

Several hedge funds and other institutional investors have recently modified their holdings of AGNC. Vaughan Nelson Investment Management L.P. raised its stake in shares of AGNC Investment by 200.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after purchasing an additional 9,639,675 shares during the period. Natixis Advisors LLC increased its position in shares of AGNC Investment by 314.8% in the third quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust’s stock valued at $40,196,000 after acquiring an additional 2,916,345 shares during the last quarter. Vanguard Group Inc. increased its position in shares of AGNC Investment by 3.7% in the first quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after acquiring an additional 2,368,658 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of AGNC Investment in the third quarter valued at about $17,463,000. Finally, Boston Partners increased its position in shares of AGNC Investment by 522.4% in the first quarter. Boston Partners now owns 1,437,698 shares of the real estate investment trust’s stock valued at $14,229,000 after acquiring an additional 1,206,714 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

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).