AGNC Investment (NASDAQ:AGNC) Shares Up 1.1% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC) was up 1.1% during trading on Tuesday . The company traded as high as $9.24 and last traded at $9.22. Approximately 3,519,701 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 17,308,908 shares. The stock had previously closed at $9.12.

Wall Street Analysts Forecast Growth

AGNC has been the subject of several recent research reports. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. Finally, Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.44.

AGNC Investment Trading Up 1.7 %

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 $8.46 billion, a price-to-earnings ratio of 6.63 and a beta of 1.47. The company has a 50-day moving average price of $9.49 and a 200 day moving average price of $9.90.

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 analysts’ consensus estimates of $0.47 by ($0.04). The business had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same quarter in the previous year, the business posted $0.65 earnings per share. As a group, research analysts anticipate that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

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

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors have recently modified their holdings of AGNC. Riverview Trust Co acquired a new position in shares of AGNC Investment in the third quarter worth $25,000. Point72 Asset Management L.P. acquired a new position in AGNC Investment in the 3rd quarter worth about $32,000. Northwestern Mutual Wealth Management Co. raised its stake 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 purchasing an additional 1,255 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,966 shares during the last quarter. Finally, Quarry LP grew its stake in shares of AGNC Investment by 75.6% in the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 2,275 shares in the last quarter. Institutional investors and hedge funds 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).