AGNC Investment (NASDAQ:AGNC) Trading 1.2% Higher – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price was up 1.2% during mid-day trading on Thursday . The company traded as high as $9.79 and last traded at $9.76. Approximately 12,091,447 shares traded hands during trading, a decline of 14% from the average daily volume of 14,121,854 shares. The stock had previously closed at $9.64.

Wall Street Analysts Forecast Growth

AGNC has been the subject of a number of analyst reports. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price objective 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. Royal Bank of Canada increased their price target 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. Finally, StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Stock Performance

The company has a market cap of $8.64 billion, a P/E ratio of 6.78 and a beta of 1.47. The business has a 50 day moving average price of $9.98 and a two-hundred day moving average price of $9.97. 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 issued its 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 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 prior year, the business posted $0.65 EPS. On average, sell-side analysts anticipate that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be given a dividend of $0.12 per share. This represents a yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment’s payout ratio is currently 100.00%.

Institutional Trading of AGNC Investment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. raised its position in shares of AGNC Investment by 200.5% in the 3rd 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 acquiring an additional 9,639,675 shares in the last quarter. US Bancorp DE increased its holdings in AGNC Investment by 279.0% in the 3rd quarter. US Bancorp DE now owns 239,493 shares of the real estate investment trust’s stock worth $2,505,000 after buying an additional 176,301 shares in the last quarter. Equity Investment Corp boosted its holdings in AGNC Investment by 2.1% in 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 purchasing an additional 149,775 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of AGNC Investment by 945.2% in 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 acquiring an additional 969,475 shares during the period. Finally, J.W. Cole Advisors Inc. increased its position in shares of AGNC Investment by 112.7% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 107,749 shares of the real estate investment trust’s stock valued at $1,127,000 after purchasing an additional 57,089 shares during the last quarter. 38.28% of the stock is currently 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).