AGNC Investment (NASDAQ:AGNC) Shares Down 0.1% – Should You Sell?

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price was down 0.1% during trading on Thursday . The stock traded as low as $9.49 and last traded at $9.50. Approximately 2,073,892 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 14,058,876 shares. The stock had previously closed at $9.51.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AGNC shares. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Royal Bank of Canada increased their target price on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $10.00 to $12.00 in a report on Friday, September 20th. Finally, StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. One equities research 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, AGNC Investment has a consensus rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Price Performance

The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 6.60 and a beta of 1.47. 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 business’s fifty day moving average price is $9.90 and its 200-day moving average price is $9.96.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (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 firm had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. During the same quarter in the previous year, the company earned $0.65 EPS. On average, research analysts forecast 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. Investors of record on Friday, November 29th will be issued a $0.12 dividend. This represents a dividend yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment’s dividend payout ratio (DPR) is currently 100.00%.

Institutional Trading of AGNC Investment

Several hedge funds and other institutional investors have recently modified their holdings of the business. Riverview Trust Co purchased a new position in AGNC Investment during the third quarter worth about $25,000. Point72 Asset Management L.P. bought a new stake in shares of AGNC Investment during the 3rd quarter valued at about $32,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of AGNC Investment during the second quarter worth about $31,000. Northwestern Mutual Wealth Management Co. increased its position in shares of AGNC Investment by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,255 shares during the last quarter. Finally, Blue Trust Inc. raised 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. 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).