AGNC Investment (NASDAQ:AGNC) Trading Down 2.2%

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price was down 2.2% on Monday . The company traded as low as $9.53 and last traded at $9.84. Approximately 13,753,603 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 12,473,947 shares. The stock had previously closed at $10.06.

Analysts Set New Price Targets

Several analysts have recently commented on AGNC shares. Jonestrading decreased their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Keefe, Bruyette & Woods increased their target price on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday, April 18th. Janney Montgomery Scott started coverage on AGNC Investment in a report on Thursday, June 6th. They set a “buy” rating and a $10.50 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and a consensus price target of $10.00.

AGNC Investment Stock Performance

The firm has a fifty day moving average of $9.87 and a 200-day moving average of $9.67. The firm has a market cap of $7.11 billion, a P/E ratio of 10.75 and a beta of 1.48. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.78%. The company had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. During the same period in the previous year, the company posted $0.67 EPS. The company’s quarterly revenue was up 52.1% compared to the same quarter last year. Research analysts predict that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a jul 24 dividend, which will be paid on Friday, August 9th. Shareholders of record on Wednesday, July 31st will be paid a $0.12 dividend. This represents a yield of 13.8%. The ex-dividend date is Wednesday, July 31st. AGNC Investment’s payout ratio is 158.24%.

Hedge Funds Weigh In On AGNC Investment

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in AGNC Investment by 3.7% in the first quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after buying an additional 2,368,658 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of AGNC Investment by 0.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 8,048,520 shares of the real estate investment trust’s stock worth $76,783,000 after purchasing an additional 32,813 shares during the period. Clearbridge Investments LLC raised its position in shares of AGNC Investment by 1.1% during the fourth quarter. Clearbridge Investments LLC now owns 7,380,614 shares of the real estate investment trust’s stock worth $72,404,000 after purchasing an additional 79,316 shares during the period. Norges Bank acquired a new stake in shares of AGNC Investment during the fourth quarter worth about $69,215,000. Finally, Equity Investment Corp raised its position in shares of AGNC Investment by 16.2% during the first quarter. Equity Investment Corp now owns 6,870,571 shares of the real estate investment trust’s stock worth $68,019,000 after purchasing an additional 957,139 shares during the period. Institutional investors and hedge funds 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).