AGNC Investment (NASDAQ:AGNC) Shares Down 0.3% - Here's What Happened

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s stock price fell 0.3% on Friday . The company traded as low as $9.40 and last traded at $9.48. 4,879,399 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 14,040,090 shares. The stock had previously closed at $9.51.

Analysts Set New Price Targets

Several brokerages recently issued reports on AGNC. Compass Point raised their price objective on AGNC Investment from $10.25 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods lifted their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Royal Bank of Canada increased their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Friday, August 16th. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, Maxim Group lowered AGNC Investment from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.33.

AGNC Investment Stock Up 0.1 %

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 company's 50-day moving average is $10.10 and its 200 day moving average is $9.95. The company has a market capitalization of $8.43 billion, a PE ratio of 6.58 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.04). The business had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same period in the previous year, the business posted $0.65 EPS. As a group, analysts anticipate that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be paid a $0.12 dividend. This represents a dividend yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment's dividend payout ratio is currently 100.00%.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors have recently made changes to their positions in AGNC. CIBC Asset Management Inc grew its stake in AGNC Investment by 5.4% during the 2nd quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust's stock worth $188,000 after buying an additional 1,012 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in AGNC Investment by 6.7% during the first quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust's stock worth $167,000 after buying an additional 1,059 shares during the period. Paragon Capital Management Ltd increased its stake in AGNC Investment by 3.6% during the third quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust's stock worth $321,000 after acquiring an additional 1,071 shares during the last quarter. Garden State Investment Advisory Services LLC boosted its position in shares of AGNC Investment by 10.0% in the third quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust's stock worth $135,000 after buying an additional 1,176 shares during the period. Finally, Highlander Capital Management LLC grew its stake in shares of AGNC Investment by 8.1% during the first quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust's stock valued at $158,000 after acquiring an additional 1,200 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).

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