AGNC Investment (NASDAQ:AGNC) Shares Up 1.9% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price rose 1.9% during trading on Friday . The stock traded as high as $9.45 and last traded at $9.45. Approximately 4,833,258 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 14,111,151 shares. The stock had previously closed at $9.27.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AGNC shares. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. 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 research report on Friday, September 20th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and an average price target of $10.44.

AGNC Investment Price Performance

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 stock has a market cap of $8.43 billion, a P/E ratio of 6.61 and a beta of 1.47. The business’s fifty day moving average price is $9.72 and its 200 day moving average price is $9.95.

AGNC Investment (NASDAQ:AGNC) last announced its 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 firm had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same period in the prior year, the business earned $0.65 EPS. Sell-side analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a dec 24 dividend, which will be paid on Friday, January 10th. Investors of record on Tuesday, December 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 15.1%. AGNC Investment’s dividend payout ratio is presently 100.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AGNC. Riverview Trust Co purchased a new stake in AGNC Investment during the third quarter valued at about $25,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of AGNC Investment in the second quarter valued at $31,000. Point72 Asset Management L.P. bought a new stake in shares of AGNC Investment during the 3rd quarter valued at $32,000. Northwestern Mutual Wealth Management Co. lifted its holdings in AGNC Investment by 52.2% during the 2nd 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 in the last quarter. Finally, Blue Trust Inc. boosted its stake in 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 worth $37,000 after purchasing an additional 2,966 shares during the period. 38.28% of the stock is owned by institutional investors.

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).