AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.4% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC)’s share price dropped 0.4% during trading on Friday . The stock traded as low as $9.14 and last traded at $9.25. Approximately 9,650,084 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 16,164,275 shares. The stock had previously closed at $9.29.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AGNC shares. Wells Fargo & Company raised 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 research note on Friday, September 20th. JPMorgan Chase & Co. cut their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. Finally, StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.44.

AGNC Investment Stock Down 1.6 %

The company’s 50-day simple moving average is $9.50 and its 200 day simple moving average is $9.91. 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 firm has a market cap of $8.09 billion, a P/E ratio of 6.35 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last released 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). 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 analysts’ expectations of $219.50 million. During the same quarter in the prior year, the business posted $0.65 EPS. Research analysts anticipate that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a yield of 15.5%. AGNC Investment’s dividend payout ratio is presently 100.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AGNC. Private Advisor Group LLC boosted its holdings in AGNC Investment by 1.6% during the 2nd quarter. Private Advisor Group LLC now owns 161,244 shares of the real estate investment trust’s stock valued at $1,538,000 after acquiring an additional 2,573 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in AGNC Investment in the 2nd quarter worth about $31,000. Choreo LLC lifted its holdings in AGNC Investment by 58.1% during the 2nd quarter. Choreo LLC now owns 40,668 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 14,942 shares in the last quarter. Meeder Advisory Services Inc. purchased a new stake in AGNC Investment in the 2nd quarter valued at about $124,000. Finally, Federated Hermes Inc. grew its stake in AGNC Investment by 32.2% in the 2nd quarter. Federated Hermes Inc. now owns 242,129 shares of the real estate investment trust’s stock worth $2,310,000 after acquiring an additional 59,042 shares in the last quarter. 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).