AGNC Investment (NASDAQ:AGNC) Trading Down 0.2% - What's Next?

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $9.39 and last traded at $9.45. Approximately 3,569,650 shares changed hands during trading, a decline of 75% from the average daily volume of 14,178,309 shares. The stock had previously closed at $9.47.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company raised AGNC Investment from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. StockNews.com lowered AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. JPMorgan Chase & Co. reduced their price objective 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, JMP Securities restated a "market perform" rating on shares of AGNC Investment in a report on Wednesday, August 28th. One investment 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, AGNC Investment has an average rating of "Moderate Buy" and an average target price of $10.44.

AGNC Investment Price Performance

The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm's 50-day moving average price is $9.63 and its two-hundred day moving average price is $9.94. The stock has a market cap of $8.31 billion, a PE ratio of 6.51 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its 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). 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 business posted $0.65 EPS. On average, equities analysts expect that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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

Hedge Funds Weigh In On AGNC Investment

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its holdings in shares of AGNC Investment by 35.8% in the third quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust's stock worth $6,060,000 after buying an additional 154,029 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new stake in shares of AGNC Investment in the 3rd quarter valued at $142,000. Tidal Investments LLC raised its holdings in shares of AGNC Investment by 3.3% during the third quarter. Tidal Investments LLC now owns 96,081 shares of the real estate investment trust's stock worth $1,005,000 after purchasing an additional 3,075 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of AGNC Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust's stock valued at $128,730,000 after buying an additional 242,640 shares during the period. Finally, Barclays PLC grew its holdings in AGNC Investment by 4.8% during the third quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust's stock worth $16,242,000 after acquiring an additional 71,330 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.

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).