AGNC Investment (NASDAQ:AGNC) Trading 1.1% Higher – Here’s What Happened

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AGNC shares. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. 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 report on Friday, August 16th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Price Performance

The company has a market cap of $8.64 billion, a P/E ratio of 6.78 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. The firm’s fifty day moving average is $9.98 and its two-hundred day moving average is $9.97.

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

AGNC Investment Dividend Announcement

The business also recently disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. This represents a dividend yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AGNC. Riverview Trust Co bought a new position in shares of AGNC Investment in the 3rd quarter valued at about $25,000. Ashton Thomas Private Wealth LLC bought a new stake in AGNC Investment in the second quarter worth about $31,000. Point72 Asset Management L.P. bought a new stake in AGNC Investment in the third quarter worth about $32,000. Northwestern Mutual Wealth Management Co. lifted its stake in 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 purchasing an additional 1,255 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in AGNC Investment by 315.9% in the third 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. Institutional investors own 38.28% of the company’s stock.

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).