AGNC Investment (NASDAQ:AGNC) Reaches New 12-Month High – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price hit a new 52-week high on Friday . The company traded as high as $10.66 and last traded at $10.6250, with a volume of 5754090 shares. The stock had previously closed at $10.49.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. UBS Group raised their price objective on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Piper Sandler raised their price target on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. increased their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Jones Trading restated a “buy” rating and issued a $10.00 target price on shares of AGNC Investment in a research note on Tuesday, October 21st. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.18.

AGNC Investment Stock Up 1.5%

The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $11.42 billion, a PE ratio of 15.89 and a beta of 1.36. The company’s fifty day simple moving average is $10.15 and its 200 day simple moving average is $9.73.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). AGNC Investment had a net margin of 24.40% and a return on equity of 18.84%. The business had revenue of $836.00 million for the quarter, compared to the consensus estimate of $466.39 million. During the same period in the prior year, the business posted $0.43 EPS. Analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Friday, November 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) annualized dividend and a yield of 13.5%. AGNC Investment’s payout ratio is 214.93%.

Insider Buying and Selling at AGNC Investment

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of AGNC Investment stock in a transaction on Monday, October 27th. The stock was sold at an average price of $10.27, for a total value of $470,345.46. Following the completion of the sale, the chief executive officer owned 1,557,401 shares of the company’s stock, valued at approximately $15,994,508.27. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGNC. Red Tortoise LLC boosted its stake in AGNC Investment by 377.4% in the 2nd quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 2,185 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of AGNC Investment during the 3rd quarter valued at about $29,000. National Bank of Canada FI lifted its holdings in shares of AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,690 shares during the period. WealthCollab LLC acquired a new stake in shares of AGNC Investment in the third quarter worth approximately $33,000. Finally, Financial Life Planners acquired a new stake in shares of AGNC Investment in the third quarter worth approximately $34,000. 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).