AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.2% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price shot up 0.2% during mid-day trading on Wednesday . The stock traded as high as $9.50 and last traded at $9.50. 2,989,926 shares were traded during mid-day trading, a decline of 79% from the average session volume of 14,067,865 shares. The stock had previously closed at $9.48.

Wall Street Analyst Weigh In

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

AGNC Investment Stock Up 0.3 %

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 stock has a 50 day moving average price of $9.91 and a 200 day moving average price of $9.97. The company has a market capitalization of $8.42 billion, a P/E ratio of 6.60 and a beta of 1.47.

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

AGNC Investment Dividend Announcement

The firm also recently announced a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be given 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 is currently 100.00%.

Institutional Trading of AGNC Investment

A number of large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in AGNC Investment by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock valued at $70,796,000 after buying an additional 162,152 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in AGNC Investment by 200.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock worth $151,113,000 after purchasing an additional 9,639,675 shares in the last quarter. US Bancorp DE increased its position in shares of AGNC Investment by 279.0% in the third quarter. US Bancorp DE now owns 239,493 shares of the real estate investment trust’s stock valued at $2,505,000 after buying an additional 176,301 shares in the last quarter. Equity Investment Corp raised its position in AGNC Investment by 2.1% during the third quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock worth $76,088,000 after acquiring an additional 149,775 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of AGNC Investment by 945.2% during the third quarter. International Assets Investment Management LLC now owns 1,072,039 shares of the real estate investment trust’s stock worth $102,489,000 after purchasing an additional 969,475 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).