AGNC Investment (NASDAQ:AGNC) Shares Up 0.5% – Here’s What Happened

Shares of AGNC Investment Corp. (NASDAQ:AGNC) traded up 0.5% on Wednesday . The stock traded as high as $9.96 and last traded at $9.92. 5,014,406 shares were traded during mid-day trading, a decline of 72% from the average session volume of 18,054,002 shares. The stock had previously closed at $9.87.

Analysts Set New Price Targets

A number of brokerages have commented on AGNC. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Wells Fargo & Company reduced their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods cut their target price on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research note on Wednesday. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. cut their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

AGNC Investment Stock Performance

The company has a market capitalization of $8.83 billion, a PE ratio of 10.28 and a beta of 1.47. The stock has a 50-day simple moving average of $9.52 and a 200 day simple moving average of $9.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. Equities analysts anticipate that AGNC Investment Corp. will post 1.63 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a dividend yield of 15.5%. AGNC Investment’s dividend payout ratio is currently 148.46%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. lifted its stake in shares of AGNC Investment by 200.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock worth $151,113,000 after purchasing an additional 9,639,675 shares during the period. Geode Capital Management LLC increased its stake in shares of AGNC Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock valued at $128,730,000 after acquiring an additional 242,640 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of AGNC Investment by 5.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,662,954 shares of the real estate investment trust’s stock worth $80,392,000 after acquiring an additional 424,990 shares during the period. Equity Investment Corp boosted its position in shares of AGNC Investment by 2.1% in the third quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock worth $76,088,000 after acquiring an additional 149,775 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in AGNC Investment by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock valued at $70,796,000 after purchasing an additional 162,152 shares during the period. 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).