AGNC Investment (NASDAQ:AGNC) Shares Up 0.9% – Here’s What Happened

Shares of AGNC Investment Corp. (NASDAQ:AGNC) traded up 0.9% on Friday . The company traded as high as $10.04 and last traded at $10.05. 8,254,194 shares traded hands during trading, a decline of 56% from the average session volume of 18,778,920 shares. The stock had previously closed at $9.96.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Wells Fargo & Company reduced their target price on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods dropped their price target on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and an average price target of $10.50.

AGNC Investment Trading Up 0.2 %

The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 10.27 and a beta of 1.47. 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 business’s fifty day moving average is $9.52 and its 200 day moving average is $9.90.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. Equities analysts predict that AGNC Investment Corp. will post 1.63 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be issued a $0.12 dividend. The ex-dividend date is Friday, January 31st. This represents a dividend yield of 15.5%. AGNC Investment’s dividend payout ratio is currently 148.46%.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors have recently modified their holdings of the business. Riverview Trust Co bought a new position in AGNC Investment during the 3rd quarter worth $25,000. Financial Life Planners bought a new stake in AGNC Investment during the fourth quarter worth about $28,000. Point72 Asset Management L.P. acquired a new stake in AGNC Investment during the third quarter worth about $32,000. Northwestern Mutual Wealth Management Co. increased its holdings in AGNC Investment by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,255 shares during the period. Finally, Blue Trust Inc. raised its position in shares of AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,966 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).