AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.6% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price was up 0.6% during trading on Friday . The stock traded as high as $9.80 and last traded at $9.76. Approximately 2,304,807 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 14,023,498 shares. The stock had previously closed at $9.70.

Analyst Upgrades and Downgrades

AGNC has been the subject of a number of research reports. StockNews.com downgraded 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 raised their target price for the company from $10.00 to $12.00 in a research note on Friday, September 20th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Keefe, Bruyette & Woods increased their price objective on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada boosted their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Stock Performance

The stock has a market cap of $8.64 billion, a PE ratio of 6.78 and a beta of 1.47. The business’s fifty day moving average price is $10.04 and its 200-day moving average price is $9.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last announced 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 analysts’ expectations of $219.50 million. During the same period in the previous year, the business posted $0.65 earnings per share. As a group, equities research analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be paid a $0.12 dividend. This represents a dividend yield of 14.9%. The ex-dividend date of this dividend is Friday, November 29th. AGNC Investment’s dividend payout ratio (DPR) is currently 100.00%.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors have recently bought and sold shares of AGNC. Riverview Trust Co bought a new position in shares of AGNC Investment in the third quarter worth about $25,000. Ashton Thomas Private Wealth LLC purchased a new position in AGNC Investment in the 2nd quarter worth approximately $31,000. Point72 Asset Management L.P. bought a new position in AGNC Investment in the 3rd quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. grew 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 valued at $35,000 after buying an additional 1,255 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of 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 buying an additional 2,966 shares during the last quarter. Hedge funds and other 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).