AGNC Investment (NASDAQ:AGNC) Stock Price Up 1% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price traded up 1% during trading on Tuesday . The stock traded as high as $9.71 and last traded at $9.71. 5,849,235 shares changed hands during trading, a decline of 65% from the average session volume of 16,946,088 shares. The stock had previously closed at $9.61.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and an average price target of $10.44.

AGNC Investment Trading Up 0.8 %

The firm has a market cap of $8.58 billion, a PE ratio of 6.73 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The stock’s fifty day simple moving average is $9.49 and its 200-day simple moving average is $9.90.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share 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 business had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. During the same quarter in the previous year, the company earned $0.65 EPS. On average, sell-side 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 announced a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a $0.12 dividend. This represents a dividend yield of 15.5%. The ex-dividend date is Friday, January 31st. AGNC Investment’s dividend payout ratio is currently 100.00%.

Hedge Funds Weigh In On AGNC Investment

Several institutional investors and hedge funds have recently modified their holdings of the business. Paragon Capital Management Ltd raised its position in AGNC Investment by 3.6% during the third quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 1,071 shares during the period. Armstrong Advisory Group Inc. grew its stake in AGNC Investment by 6.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 1,150 shares in the last quarter. Garden State Investment Advisory Services LLC increased its holdings in shares of AGNC Investment by 10.0% in the third 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 purchasing an additional 1,176 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 1,255 shares during the period. Finally, Hollencrest Capital Management boosted its holdings in AGNC Investment by 0.6% in the 3rd quarter. Hollencrest Capital Management now owns 222,450 shares of the real estate investment trust’s stock valued at $2,327,000 after purchasing an additional 1,290 shares during the last quarter. Hedge funds and other 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).