AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.6% – Time to Buy?

Shares of AGNC Investment Corp. (NASDAQ:AGNC) rose 0.6% during mid-day trading on Friday . The stock traded as high as $9.69 and last traded at $9.70. Approximately 3,330,391 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 16,855,680 shares. The stock had previously closed at $9.64.

Wall Street Analyst Weigh In

AGNC has been the topic of several research reports. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their price target 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and an average target price of $10.64.

AGNC Investment Stock Up 0.7 %

The stock has a market capitalization of $8.60 billion, a P/E ratio of 6.74 and a beta of 1.47. The company’s 50-day moving average price is $9.50 and its 200 day moving average price is $9.90. 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 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 firm had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same quarter in the previous year, the business earned $0.65 earnings per share. As a group, equities analysts expect that AGNC Investment Corp. will post 1.95 earnings per share for the current year.

AGNC Investment Dividend Announcement

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

Institutional Trading of AGNC Investment

Several institutional investors and hedge funds have recently modified their holdings of AGNC. Riverview Trust Co bought a new stake in AGNC Investment in the 3rd quarter valued at $25,000. Point72 Asset Management L.P. bought a new stake in AGNC Investment in the 3rd quarter valued at $32,000. Northwestern Mutual Wealth Management Co. increased its holdings in AGNC Investment by 52.2% in 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 acquiring an additional 1,255 shares during the last quarter. Blue Trust Inc. increased its holdings in AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,966 shares during the last quarter. Finally, Spire Wealth Management increased its holdings in AGNC Investment by 94.5% in the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,972 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

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).