AGNC Investment (NASDAQ:AGNC) Trading Down 0.4% – Time to Sell?

AGNC Investment Corp. (NASDAQ:AGNC) shares traded down 0.4% during mid-day trading on Monday . The company traded as low as $9.37 and last traded at $9.41. 4,038,362 shares traded hands during trading, a decline of 72% from the average session volume of 14,190,203 shares. The stock had previously closed at $9.45.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. JPMorgan Chase & Co. cut their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research report on Monday, December 9th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Finally, Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $10.00 to $12.00 in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, AGNC Investment currently has an average rating of “Moderate Buy” and an average target price of $10.44.

AGNC Investment Trading Up 0.2 %

The firm has a market capitalization of $8.39 billion, a PE ratio of 6.58 and a beta of 1.47. The company’s fifty day simple moving average is $9.67 and its 200-day simple moving average is $9.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last released its 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). The business had revenue of $756.00 million for 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 previous year, the company earned $0.65 EPS. As a group, sell-side analysts expect that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a dec 24 dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be issued a $0.12 dividend. This represents a yield of 15.1%. The ex-dividend date is Tuesday, December 31st. AGNC Investment’s payout ratio is currently 100.00%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Riverview Trust Co acquired a new stake in AGNC Investment during the third quarter worth about $25,000. Point72 Asset Management L.P. acquired a new stake in shares of AGNC Investment during the 3rd quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of AGNC Investment during the 2nd quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. lifted its holdings in AGNC Investment by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,255 shares during the last quarter. Finally, Blue Trust Inc. grew its position in AGNC Investment by 315.9% in 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 during the period. Hedge funds and other institutional investors 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).