AGNC Investment (NASDAQ:AGNC) Trading 1.2% Higher – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price shot up 1.2% on Thursday . The company traded as high as $9.79 and last traded at $9.76. 12,091,447 shares changed hands during trading, a decline of 14% from the average session volume of 14,121,854 shares. The stock had previously closed at $9.64.

Wall Street Analysts Forecast Growth

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

AGNC Investment Trading Up 1.2 %

The business’s fifty day moving average is $9.98 and its 200 day moving average is $9.97. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 6.78 and a beta of 1.47. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The firm had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. During the same period in the previous year, the company posted $0.65 earnings per share. Equities analysts predict that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently announced a nov 24 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be given 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 payout ratio is presently 100.00%.

Institutional Trading of AGNC Investment

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