AGNC Investment (NASDAQ:AGNC) Trading Down 0.3% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC) shares traded down 0.3% during trading on Tuesday . The company traded as low as $9.38 and last traded at $9.42. 3,502,898 shares traded hands during trading, a decline of 75% from the average session volume of 14,188,818 shares. The stock had previously closed at $9.45.

Wall Street Analyst Weigh In

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

AGNC Investment Trading Up 0.2 %

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 has a market cap of $8.39 billion, a price-to-earnings ratio of 6.58 and a beta of 1.47. The company’s 50-day moving average is $9.69 and its 200-day moving average is $9.95.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results 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 earnings per share. On average, research analysts predict that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Dividend Announcement

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

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently made changes to their positions in the company. Riverview Trust Co bought a new stake in AGNC Investment during the 3rd quarter worth about $25,000. Ashton Thomas Private Wealth LLC bought a new position in shares of AGNC Investment in the 2nd quarter valued at about $31,000. Point72 Asset Management L.P. acquired a new stake in shares of AGNC Investment during the 3rd quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of AGNC Investment by 52.2% during 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. raised its stake in shares of AGNC Investment by 315.9% during the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 2,966 shares during the last quarter. 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).