AGNC Investment (NASDAQ:AGNC) Trading Down 0.2% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC)’s share price fell 0.2% on Thursday . The company traded as low as $9.39 and last traded at $9.45. 3,569,650 shares were traded during mid-day trading, a decline of 75% from the average session volume of 14,178,309 shares. The stock had previously closed at $9.47.

Analyst Ratings Changes

AGNC has been the topic of several analyst reports. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Finally, JPMorgan Chase & Co. decreased their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.44.

AGNC Investment Price Performance

The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $9.63 and a 200 day moving average of $9.94. The firm has a market cap of $8.26 billion, a P/E ratio of 6.48 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued its 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 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 the consensus estimate of $219.50 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. On average, sell-side analysts anticipate that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a dec 24 dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be given 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 payout ratio is presently 100.00%.

Institutional Trading of AGNC Investment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Riverview Trust Co acquired a new stake in AGNC Investment during the third quarter worth approximately $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in AGNC Investment during the 2nd quarter worth approximately $31,000. Point72 Asset Management L.P. bought a new stake in AGNC Investment in the 3rd quarter valued at $32,000. Northwestern Mutual Wealth Management Co. grew its holdings in AGNC Investment by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,255 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in AGNC Investment by 315.9% in 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 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).