AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.1% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price rose 0.1% during mid-day trading on Tuesday . The company traded as high as $9.70 and last traded at $9.68. Approximately 3,134,158 shares were traded during trading, a decline of 78% from the average daily volume of 14,043,341 shares. The stock had previously closed at $9.67.

Wall Street Analyst Weigh In

AGNC has been the topic of a number of research analyst reports. Compass Point increased their price target on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Royal Bank of Canada raised their price objective on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.

AGNC Investment Trading Down 0.2 %

The firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 6.70 and a beta of 1.47. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $10.06 and a 200-day moving average price of $9.97.

AGNC Investment (NASDAQ:AGNC) last issued 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 net margin of 42.19% and a return on equity of 23.41%. The company had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. During the same period in the previous year, the business posted $0.65 earnings per share. On average, equities research analysts predict that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be given a $0.12 dividend. This represents a 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 Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in AGNC Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock worth $128,730,000 after buying an additional 242,640 shares during the period. Barclays PLC grew its holdings in shares of AGNC Investment by 4.8% during the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust’s stock worth $16,242,000 after purchasing an additional 71,330 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of AGNC Investment by 0.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 276,252 shares of the real estate investment trust’s stock worth $2,890,000 after purchasing an additional 2,365 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of AGNC Investment by 5.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 42,800 shares of the real estate investment trust’s stock worth $448,000 after purchasing an additional 2,200 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of AGNC Investment by 25.1% during the 3rd quarter. MML Investors Services LLC now owns 335,767 shares of the real estate investment trust’s stock worth $3,512,000 after purchasing an additional 67,305 shares in the last quarter. 38.28% of the stock is owned by 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).