AGNC Investment Corp. (NASDAQ:AGNC) Sees Large Decrease in Short Interest

AGNC Investment Corp. (NASDAQ:AGNC) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 42,250,000 shares, a decline of 16.3% from the October 31st total of 50,470,000 shares. Based on an average daily volume of 18,200,000 shares, the days-to-cover ratio is presently 2.3 days.

Wall Street Analyst Weigh In

AGNC has been the subject of several analyst reports. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Royal Bank of Canada lifted their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company raised 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 report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, AGNC Investment currently has an average rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Stock Up 0.2 %

Shares of NASDAQ AGNC opened at $9.66 on Monday. 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 capitalization of $8.56 billion, a PE ratio of 6.71 and a beta of 1.47. AGNC Investment has a one year low of $8.79 and a one year high of $10.85. The business’s fifty day moving average price is $9.95 and its 200-day moving average price is $9.97.

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

AGNC Investment Dividend Announcement

The firm also recently announced a nov 24 dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a yield of 14.9%. AGNC Investment’s payout ratio is 100.00%.

Institutional Investors Weigh In On AGNC Investment

Several institutional investors have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. lifted its holdings in AGNC Investment by 200.5% during the 3rd 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 purchasing an additional 9,639,675 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of AGNC Investment by 2.0% in the third quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock worth $128,730,000 after buying an additional 242,640 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in AGNC Investment by 2.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock valued at $86,169,000 after acquiring an additional 189,444 shares in the last quarter. Equity Investment Corp grew its stake in AGNC Investment by 2.1% during the third quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock valued at $76,088,000 after acquiring an additional 149,775 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in AGNC Investment by 2.5% during the 3rd 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. 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).