AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.1% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s share price rose 0.1% on Tuesday . The stock traded as high as $9.84 and last traded at $9.75. Approximately 20,240,409 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 14,095,055 shares. The stock had previously closed at $9.74.

Analyst Ratings Changes

Several brokerages recently issued reports on AGNC. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Royal Bank of Canada upped their target price on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AGNC Investment presently 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 $8.63 billion, a price-to-earnings ratio of 6.77 and a beta of 1.47. The company’s fifty day simple moving average is $10.02 and its two-hundred day simple moving average is $9.97. 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 posted 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). The business had revenue of $756.00 million during 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 prior year, the company earned $0.65 EPS. On average, analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business 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 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 payout ratio is 100.00%.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently bought and sold shares of the stock. CreativeOne Wealth LLC purchased a new position in shares of AGNC Investment in the 1st quarter worth approximately $135,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of AGNC Investment by 9.5% in 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 during the last quarter. Public Employees Retirement System of Ohio increased its holdings in AGNC Investment by 1.5% during the first quarter. Public Employees Retirement System of Ohio now owns 274,631 shares of the real estate investment trust’s stock worth $2,719,000 after buying an additional 4,035 shares during the last quarter. SVB Wealth LLC raised its position in AGNC Investment by 17.2% in the first quarter. SVB Wealth LLC now owns 51,367 shares of the real estate investment trust’s stock worth $509,000 after acquiring an additional 7,554 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in 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 acquiring an additional 32,905 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

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).