AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.1% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price traded up 0.1% on Tuesday . The stock traded as high as $9.70 and last traded at $9.68. 3,134,158 shares changed hands during trading, a decline of 78% from the average session volume of 14,043,341 shares. The stock had previously closed at $9.67.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AGNC. Royal Bank of Canada upped their price target on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $10.00 to $12.00 in a research report on Friday, September 20th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Finally, Compass Point upped their price target on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Stock Down 0.2 %

The firm has a fifty day moving average price of $10.06 and a 200 day moving average price of $9.97. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The company has a market cap of $8.55 billion, a P/E ratio of 6.70 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The firm had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. During the same period last year, the company earned $0.65 EPS. Equities research analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently announced 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 yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment’s payout ratio is 100.00%.

Hedge Funds Weigh In On AGNC Investment

Several hedge funds have recently added to or reduced their stakes in AGNC. Riverview Trust Co acquired a new position in AGNC Investment in the third quarter valued at about $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of AGNC Investment during the second quarter worth about $31,000. Point72 Asset Management L.P. acquired a new stake in shares of AGNC Investment during the third quarter worth about $32,000. Northwestern Mutual Wealth Management Co. raised its position in shares of AGNC Investment by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,255 shares during the period. Finally, Blue Trust Inc. raised its position in shares of 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 purchasing an additional 2,966 shares during the period. 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).