AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.4% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC) rose 0.4% during mid-day trading on Thursday . The stock traded as high as $9.73 and last traded at $9.69. Approximately 2,961,620 shares changed hands during trading, a decline of 79% from the average daily volume of 14,041,693 shares. The stock had previously closed at $9.65.

Wall Street Analysts Forecast Growth

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

AGNC Investment Stock Performance

The firm has a 50 day moving average of $10.04 and a 200-day moving average of $9.97. The stock has a market capitalization of $8.63 billion, a PE ratio of 6.76 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data 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). The business had revenue of $756.00 million during the quarter, compared to analysts’ expectations 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 prior year, the company posted $0.65 earnings per share. Research analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Announces Dividend

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

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in AGNC. CIBC Asset Management Inc increased its holdings in shares of AGNC Investment by 5.4% during the 2nd quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 1,012 shares during the last quarter. Paragon Capital Management Ltd increased its holdings in shares of AGNC Investment by 3.6% during the 3rd quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock valued at $321,000 after acquiring an additional 1,071 shares during the last quarter. Garden State Investment Advisory Services LLC increased its holdings in shares of AGNC Investment by 10.0% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 1,176 shares during the last quarter. Highlander Capital Management LLC increased its holdings in shares of AGNC Investment by 8.1% during the 1st quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Oak Thistle LLC increased its holdings in shares of AGNC Investment by 4.9% during the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock valued at $256,000 after acquiring an additional 1,251 shares during the last quarter. 38.28% of the stock is owned by hedge funds and other 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).