AGNC Investment (NASDAQ:AGNC) Trading 0.8% Higher – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC) shot up 0.8% during trading on Monday . The company traded as high as $9.83 and last traded at $9.82. Approximately 4,542,238 shares changed hands during trading, a decline of 68% from the average daily volume of 14,026,294 shares. The stock had previously closed at $9.74.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $10.00 to $12.00 in a research report on Friday, September 20th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Finally, Royal Bank of Canada upped their price objective on 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Trading Up 1.2 %

The company has a 50 day moving average of $10.00 and a two-hundred day moving average of $9.97. The stock has a market capitalization of $8.64 billion, a PE ratio of 6.77 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results 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). The business had revenue of $756.00 million for the quarter, compared to analysts’ expectations of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same quarter in the previous year, the firm posted $0.65 EPS. Sell-side analysts predict that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be issued a $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a dividend yield of 14.9%. AGNC Investment’s dividend payout ratio is currently 100.00%.

Institutional Trading of AGNC Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in shares of AGNC Investment by 35.8% in the third quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust’s stock valued at $6,060,000 after purchasing an additional 154,029 shares during the period. Peapack Gladstone Financial Corp acquired a new position in AGNC Investment in the 3rd quarter worth approximately $142,000. Tidal Investments LLC raised its position in AGNC Investment by 3.3% during the 3rd quarter. Tidal Investments LLC now owns 96,081 shares of the real estate investment trust’s stock worth $1,005,000 after buying an additional 3,075 shares during the last quarter. Geode Capital Management LLC lifted its stake in AGNC Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock valued at $128,730,000 after acquiring an additional 242,640 shares during the period. Finally, Barclays PLC boosted its holdings in shares of AGNC Investment by 4.8% in the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust’s stock valued at $16,242,000 after acquiring an additional 71,330 shares during the last quarter. Institutional investors and hedge funds 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).