AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.1% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price dropped 0.1% during trading on Wednesday . The stock traded as low as $9.57 and last traded at $9.66. Approximately 4,224,706 shares were traded during trading, a decline of 70% from the average daily volume of 14,041,874 shares. The stock had previously closed at $9.67.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AGNC shares. Keefe, Bruyette & Woods upped their price target on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $10.00 to $12.00 in a report on Friday, September 20th. Maxim Group downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Compass Point upped their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, AGNC Investment has an average rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Price Performance

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 company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 6.71 and a beta of 1.47. The stock’s 50-day moving average price is $10.07 and its 200-day moving average price is $9.97.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The firm had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. During the same quarter in the previous year, the business earned $0.65 earnings per share. Equities research analysts anticipate that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be paid a dividend of $0.12 per share. This represents a dividend yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment’s dividend payout ratio (DPR) is 100.00%.

Institutional Investors Weigh In On AGNC Investment

Institutional investors have recently made changes to their positions in the stock. Riverview Trust Co acquired a new position in AGNC Investment in the third quarter valued at about $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of AGNC Investment in the 2nd quarter valued at approximately $31,000. Point72 Asset Management L.P. bought a new position in AGNC Investment during the 3rd quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. grew its holdings in AGNC Investment by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,255 shares during the period. Finally, Blue Trust Inc. increased its stake in AGNC Investment by 315.9% in the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 2,966 shares in the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

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).