AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.4% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC)’s share price dropped 1.4% during trading on Monday . The company traded as low as $8.98 and last traded at $9.01. Approximately 8,299,612 shares traded hands during trading, a decline of 51% from the average daily volume of 17,111,191 shares. The stock had previously closed at $9.14.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $10.00 to $12.00 in a report on Friday, September 20th. Finally, StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.44.

AGNC Investment Price Performance

The company has a 50 day moving average price of $9.49 and a 200-day moving average price of $9.91. 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 cap of $8.32 billion, a price-to-earnings ratio of 6.52 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 (EPS) 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 business 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 business posted $0.65 EPS. As a group, equities research analysts predict that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a jan 25 dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a $0.12 dividend. The ex-dividend date is Friday, January 31st. This represents a dividend yield of 15.5%. AGNC Investment’s dividend payout ratio (DPR) is presently 100.00%.

Hedge Funds Weigh In On AGNC Investment

A number of hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC bought a new position in AGNC Investment during the 2nd quarter worth approximately $31,000. Choreo LLC raised its stake in AGNC Investment by 58.1% during the second quarter. Choreo LLC now owns 40,668 shares of the real estate investment trust’s stock worth $386,000 after buying an additional 14,942 shares during the last quarter. Meeder Advisory Services Inc. bought a new position in AGNC Investment during the second quarter worth $124,000. Federated Hermes Inc. lifted its holdings in AGNC Investment by 32.2% in the second quarter. Federated Hermes Inc. now owns 242,129 shares of the real estate investment trust’s stock valued at $2,310,000 after buying an additional 59,042 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in AGNC Investment by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,406,042 shares of the real estate investment trust’s stock valued at $13,414,000 after acquiring an additional 31,345 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

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).