AGNC Investment (NASDAQ:AGNC) Shares Down 1.1% – Time to Sell?

AGNC Investment Corp. (NASDAQ:AGNC) was down 1.1% during trading on Tuesday . The company traded as low as $9.50 and last traded at $9.57. Approximately 4,941,345 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 14,010,963 shares. The stock had previously closed at $9.68.

Wall Street Analyst Weigh In

AGNC has been the topic of a number of recent analyst reports. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Compass Point upped their price target on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. Royal Bank of Canada increased their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Maxim Group downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $10.33.

AGNC Investment Price Performance

The company’s 50 day moving average price is $10.12 and its 200-day moving average price is $9.95. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 6.65 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 posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same quarter in the prior year, the business posted $0.65 earnings per share. On average, equities research analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal 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 given a $0.12 dividend. 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 100.00%.

Hedge Funds Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. boosted its stake 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 buying an additional 9,639,675 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of AGNC Investment by 314.8% in the 3rd quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust’s stock valued at $40,196,000 after purchasing an additional 2,916,345 shares in the last quarter. Vanguard Group Inc. lifted its position in AGNC Investment by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock worth $650,781,000 after buying an additional 2,368,658 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in AGNC Investment during the 3rd quarter worth about $17,463,000. Finally, Boston Partners lifted its position in AGNC Investment by 522.4% during the 1st quarter. Boston Partners now owns 1,437,698 shares of the real estate investment trust’s stock worth $14,229,000 after buying an additional 1,206,714 shares in the last quarter. 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).