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

AGNC Investment Corp. (NASDAQ:AGNC) shares rose 1.1% during mid-day trading on Wednesday . The company traded as high as $9.78 and last traded at $9.75. Approximately 4,005,146 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 14,083,369 shares. The stock had previously closed at $9.64.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AGNC. Royal Bank of Canada upped their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $10.00 to $12.00 in a research note on Friday, September 20th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Finally, StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. One investment 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Stock Performance

The firm’s 50 day simple moving average is $10.00 and its 200-day simple moving average is $9.97. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 6.77 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The business had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. During the same period in the prior year, the company posted $0.65 earnings per share. Analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AGNC. Riverview Trust Co bought a new position in AGNC Investment during the third quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC bought a new stake in AGNC Investment in the second quarter worth $31,000. Point72 Asset Management L.P. bought a new position in AGNC Investment during the third quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of AGNC Investment by 52.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,255 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in AGNC Investment by 315.9% in the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,966 shares during the last quarter. Hedge funds and other 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).