Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) were down 0.4% on Friday . The company traded as low as $9.14 and last traded at $9.25. Approximately 9,650,084 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 16,164,275 shares. The stock had previously closed at $9.29.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on AGNC shares. StockNews.com cut AGNC Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. JPMorgan Chase & Co. dropped 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 report on Monday, December 9th. Finally, Wells Fargo & Company raised shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $10.00 to $12.00 in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.44.
Get Our Latest Analysis on AGNC Investment
AGNC Investment Price Performance
The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 6.35 and a beta of 1.47. The company's 50-day simple moving average is $9.51 and its 200-day simple moving average is $9.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). The firm 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 quarter last year, the firm earned $0.65 earnings per share. Research analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.
AGNC Investment Dividend Announcement
The firm also recently declared a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $0.12 per share. This represents a yield of 15.5%. The ex-dividend date of this dividend is Friday, January 31st. AGNC Investment's dividend payout ratio is 100.00%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Riverview Trust Co bought a new position in AGNC Investment in the 3rd quarter valued at about $25,000. Point72 Asset Management L.P. bought a new position in AGNC Investment in the third quarter valued at approximately $32,000. Ashton Thomas Private Wealth LLC acquired a new position in AGNC Investment during the second quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. lifted its stake in 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 purchasing an additional 1,255 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of 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 purchasing an additional 2,966 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.
About AGNC Investment
(
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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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