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

Shares of AGNC Investment Corp. (NASDAQ:AGNC) rose 0.1% on Tuesday . The company traded as high as $9.84 and last traded at $9.75. Approximately 20,240,409 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 14,095,055 shares. The stock had previously closed at $9.74.

Analysts Set New Price Targets

AGNC has been the subject of a number of recent analyst reports. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $10.00 to $12.00 in a report on Friday, September 20th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, 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 research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Stock Up 1.2 %

The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $8.64 billion, a PE ratio of 6.78 and a beta of 1.47. The company’s fifty day moving average price is $10.00 and its 200-day moving average price is $9.97.

AGNC Investment (NASDAQ:AGNC) last released its 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). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The company had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. During the same period last year, the firm posted $0.65 earnings per share. Analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors 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 of this dividend is Friday, November 29th. AGNC Investment’s dividend payout ratio (DPR) is 100.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AGNC. Price T Rowe Associates Inc. MD lifted its position in AGNC Investment by 9.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 351,975 shares of the real estate investment trust’s stock valued at $3,485,000 after acquiring an additional 30,647 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of AGNC Investment by 1.5% during the first quarter. Public Employees Retirement System of Ohio now owns 274,631 shares of the real estate investment trust’s stock valued at $2,719,000 after purchasing an additional 4,035 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of AGNC Investment by 11.8% during the first quarter. Janus Henderson Group PLC now owns 310,813 shares of the real estate investment trust’s stock valued at $3,072,000 after buying an additional 32,905 shares during the last quarter. California State Teachers Retirement System increased its holdings in AGNC Investment by 3.5% in the 1st quarter. California State Teachers Retirement System now owns 674,005 shares of the real estate investment trust’s stock worth $6,673,000 after buying an additional 23,074 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in AGNC Investment in the 1st quarter worth about $108,000. 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).