AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.4% - Here's What Happened

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) was down 1.4% during mid-day trading on Monday . The company traded as low as $8.98 and last traded at $9.01. Approximately 8,299,612 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 17,111,191 shares. The stock had previously closed at $9.14.

Analyst Ratings Changes

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

AGNC Investment Trading Down 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 stock has a 50-day moving average price of $9.50 and a two-hundred day moving average price of $9.91. The stock has a market capitalization of $8.08 billion, a P/E ratio of 6.33 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released 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 company had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. During the same period last year, the firm posted $0.65 earnings per share. On average, research analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a $0.12 dividend. This represents a dividend yield of 15.5%. The ex-dividend date of this dividend is Friday, January 31st. AGNC Investment's dividend payout ratio (DPR) is currently 100.00%.

Institutional Trading of AGNC Investment

Several 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 worth about $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of AGNC Investment during the second quarter worth $31,000. Point72 Asset Management L.P. purchased a new stake in AGNC Investment during the 3rd quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 acquiring an additional 1,255 shares during the last quarter. Finally, Blue Trust Inc. grew its position in 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 worth $37,000 after purchasing an additional 2,966 shares during the period. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

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).