AGNC Investment (AGNC) Hits New 52-Week Low at $17.78

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AGNC Investment Corp. (NASDAQ:AGNC) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $17.78 and last traded at $17.80, with a volume of 6926062 shares changing hands. The stock had previously closed at $18.06.

A number of research firms have recently issued reports on AGNC. BidaskClub upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded shares of AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday, September 24th. Barclays reiterated a “hold” rating and issued a $19.00 target price on shares of AGNC Investment in a research note on Wednesday, September 12th. Maxim Group lifted their target price on shares of AGNC Investment from $19.25 to $19.75 and gave the company a “buy” rating in a research note on Friday, July 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of AGNC Investment from $18.00 to $18.50 and gave the company a “$19.11” rating in a research note on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.46.

The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $8.90 billion and a price-to-earnings ratio of 7.22.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. AGNC Investment had a net margin of 134.01% and a return on equity of 11.69%. The firm had revenue of $177.00 million during the quarter, compared to analysts’ expectations of $274.15 million. During the same quarter in the previous year, the company posted $0.60 EPS. AGNC Investment’s revenue was down 2.2% on a year-over-year basis. As a group, equities analysts forecast that AGNC Investment Corp. will post 2.44 earnings per share for the current year.

The business also recently disclosed a oct 18 dividend, which will be paid on Friday, November 9th. Investors of record on Wednesday, October 31st will be given a $0.18 dividend. This represents a yield of 12.16%. The ex-dividend date of this dividend is Tuesday, October 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.

In related news, Director Morris A. Davis sold 6,797 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total value of $129,958.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its position in AGNC Investment by 8.0% in the 2nd quarter. BlackRock Inc. now owns 37,567,717 shares of the real estate investment trust’s stock worth $698,383,000 after purchasing an additional 2,787,637 shares during the last quarter. State Treasurer State of Michigan raised its position in AGNC Investment by 31.4% in the 2nd quarter. State Treasurer State of Michigan now owns 18,541,100 shares of the real estate investment trust’s stock worth $344,679,000 after purchasing an additional 4,435,300 shares during the last quarter. Wells Fargo & Company MN raised its position in AGNC Investment by 33.0% in the 2nd quarter. Wells Fargo & Company MN now owns 10,365,601 shares of the real estate investment trust’s stock worth $192,696,000 after purchasing an additional 2,574,569 shares during the last quarter. Waddell & Reed Financial Inc. raised its position in AGNC Investment by 6.2% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 3,395,412 shares of the real estate investment trust’s stock worth $63,121,000 after purchasing an additional 197,600 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in AGNC Investment by 809.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 2,230,503 shares of the real estate investment trust’s stock worth $41,554,000 after purchasing an additional 1,985,129 shares during the last quarter. Hedge funds and other institutional investors own 57.71% of the company’s stock.

AGNC Investment Company Profile (NASDAQ:AGNC)

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).

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