AGNC Investment (NASDAQ:AGNC) Shares Up 0.1% – Time to Buy?

Shares of AGNC Investment Corp. (NASDAQ:AGNC) were up 0.1% during trading on Tuesday . The stock traded as high as $9.84 and last traded at $9.75. Approximately 20,240,409 shares were traded during trading, an increase of 44% from the average daily volume of 14,095,055 shares. The stock had previously closed at $9.74.

Analysts Set New Price Targets

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

AGNC Investment Stock Performance

The stock has a 50 day moving average of $10.02 and a 200 day moving average of $9.97. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 6.77 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results 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). 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 analyst estimates of $219.50 million. During the same quarter in the previous year, the firm posted $0.65 earnings per share. As a group, analysts anticipate that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Asset Management Inc increased its position in AGNC Investment by 5.4% during the 2nd quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 1,012 shares in the last quarter. Paragon Capital Management Ltd increased its holdings in shares of AGNC Investment by 3.6% during the third quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock worth $321,000 after buying an additional 1,071 shares in the last quarter. Garden State Investment Advisory Services LLC lifted its stake in shares of AGNC Investment by 10.0% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 1,176 shares during the last quarter. Highlander Capital Management LLC boosted its holdings in shares of AGNC Investment by 8.1% during the 1st quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Oak Thistle LLC grew its position in AGNC Investment by 4.9% during the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock worth $256,000 after acquiring an additional 1,251 shares during the last quarter. 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).