AGNC Investment (NASDAQ:AGNC) Stock Price Up 1.2% – Should You Buy?

AGNC Investment Corp. (NASDAQ:AGNC) shares were up 1.2% during mid-day trading on Tuesday . The company traded as high as $9.27 and last traded at $9.24. Approximately 6,164,474 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 14,255,386 shares. The stock had previously closed at $9.13.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AGNC. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $10.00 to $12.00 in a report on Friday, September 20th. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Finally, 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 research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, AGNC Investment presently has an average rating of “Moderate Buy” and an average price target of $10.44.

AGNC Investment Trading Up 0.8 %

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’s 50-day moving average is $9.58 and its two-hundred day moving average is $9.94. The company has a market cap of $8.15 billion, a P/E ratio of 6.39 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The firm had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. During the same period in the previous year, the company earned $0.65 earnings per share. As a group, equities research analysts predict that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently declared a dec 24 dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. 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 currently 100.00%.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds have recently modified their holdings of the business. Riverview Trust Co purchased a new position in AGNC Investment during the third quarter valued at $25,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of AGNC Investment during the 2nd quarter valued at about $31,000. Point72 Asset Management L.P. purchased a new stake in AGNC Investment in the 3rd quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. raised its stake 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 acquiring an additional 1,255 shares during the period. Finally, Blue Trust Inc. lifted its holdings in AGNC Investment by 315.9% during 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).