AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.4% – Time to Sell?

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price dropped 0.4% during mid-day trading on Monday . The stock traded as low as $9.37 and last traded at $9.41. Approximately 4,038,362 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 14,190,203 shares. The stock had previously closed at $9.45.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. JPMorgan Chase & Co. dropped their target price on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $10.44.

AGNC Investment Stock Down 0.4 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 6.53 and a beta of 1.47. The business has a fifty day moving average price of $9.71 and a two-hundred day moving average price of $9.96.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $219.50 million. During the same period in the prior year, the business posted $0.65 earnings per share. On average, equities analysts expect that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently announced a dec 24 dividend, which will be paid on Friday, January 10th. Investors of record on Tuesday, December 31st will be paid a $0.12 dividend. This represents a dividend yield of 15.1%. The ex-dividend date of this dividend is Tuesday, December 31st. AGNC Investment’s dividend payout ratio is currently 100.00%.

Institutional Trading of AGNC Investment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGNC. Riverview Trust Co purchased a new stake in shares of AGNC Investment during the 3rd quarter worth about $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in AGNC Investment in the second quarter valued at approximately $31,000. Point72 Asset Management L.P. purchased a new stake in shares of AGNC Investment in the third quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of AGNC Investment by 52.2% during the 2nd 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 period. Finally, Blue Trust Inc. lifted its position in shares of AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,966 shares in the last quarter. Institutional investors and hedge funds 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).