AGNC Investment (NASDAQ:AGNC) Trading Up 0.1% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC) traded up 0.1% during mid-day trading on Friday . The stock traded as high as $9.68 and last traded at $9.65. 3,467,350 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 14,072,521 shares. The stock had previously closed at $9.64.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AGNC shares. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. Finally, Royal Bank of Canada upped their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Stock Performance

The stock has a market cap of $8.56 billion, a P/E ratio of 6.70 and a beta of 1.47. 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’s 50 day simple moving average is $9.96 and its two-hundred day simple moving average is $9.97.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share 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 company had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. During the same period in the previous year, the company posted $0.65 earnings per share. As a group, research analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

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

Institutional Trading of AGNC Investment

A number of institutional investors have recently made changes to their positions in AGNC. Price T Rowe Associates Inc. MD lifted its position in AGNC Investment by 9.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 351,975 shares of the real estate investment trust’s stock worth $3,485,000 after buying an additional 30,647 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of AGNC Investment by 1.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 274,631 shares of the real estate investment trust’s stock valued at $2,719,000 after buying an additional 4,035 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of AGNC Investment by 11.8% in the first quarter. Janus Henderson Group PLC now owns 310,813 shares of the real estate investment trust’s stock valued at $3,072,000 after buying an additional 32,905 shares in the last quarter. California State Teachers Retirement System grew its position in shares of AGNC Investment by 3.5% in the 1st quarter. California State Teachers Retirement System now owns 674,005 shares of the real estate investment trust’s stock valued at $6,673,000 after acquiring an additional 23,074 shares during the period. Finally, Tidal Investments LLC acquired a new position in shares of AGNC Investment during the 1st quarter worth about $108,000. Institutional investors own 38.28% of the company’s stock.

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).