AGNC Investment (NASDAQ:AGNC) Stock Price Up 1.3% – Time to Buy?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded up 1.3% on Thursday . The company traded as high as $9.52 and last traded at $9.51. 5,601,590 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 16,920,549 shares. The stock had previously closed at $9.39.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. cut their price target 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. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $10.00 to $12.00 in a research note on Friday, September 20th. One research 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.44.

AGNC Investment Trading Up 0.6 %

The business’s 50 day moving average price is $9.49 and its 200-day moving average price is $9.90. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 6.67 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 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. 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 prior year, the business posted $0.65 earnings per share. On average, equities analysts anticipate that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

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

Hedge Funds Weigh In On AGNC Investment

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in AGNC Investment by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock worth $70,796,000 after acquiring an additional 162,152 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in AGNC Investment by 200.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock worth $151,113,000 after acquiring an additional 9,639,675 shares during the period. Barclays PLC increased its position in AGNC Investment by 4.8% during the third quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust’s stock worth $16,242,000 after acquiring an additional 71,330 shares during the period. Geode Capital Management LLC increased its holdings in AGNC Investment by 2.0% in 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 buying an additional 242,640 shares during the period. Finally, US Bancorp DE increased its holdings in AGNC Investment by 279.0% in the 3rd quarter. US Bancorp DE now owns 239,493 shares of the real estate investment trust’s stock valued at $2,505,000 after buying an additional 176,301 shares during the period. 38.28% of the stock is 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).