Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) dropped 0.3% on Tuesday . The stock traded as low as $9.38 and last traded at $9.42. Approximately 3,502,898 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 14,188,818 shares. The stock had previously closed at $9.45.
Analysts Set New Price Targets
AGNC has been the topic of a number of recent research reports. JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a report on Wednesday, August 28th. StockNews.com lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. Wells Fargo & Company upgraded shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. dropped their price target on AGNC Investment from $10.00 to $9.50 and set an "overweight" rating on the stock in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.44.
Check Out Our Latest Report on AGNC Investment
AGNC Investment Price Performance
The company has a market cap of $8.39 billion, a price-to-earnings ratio of 6.58 and a beta of 1.47. The company has a 50-day simple moving average of $9.67 and a 200-day simple moving average of $9.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $219.50 million. During the same period in the prior year, the company earned $0.65 EPS. As a group, research analysts predict that AGNC Investment Corp. will post 1.94 earnings per share for the current year.
AGNC Investment Dividend Announcement
The business also recently disclosed a dec 24 dividend, which will be paid on Friday, January 10th. Investors of record on Tuesday, December 31st will be paid 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 dividend payout ratio (DPR) is 100.00%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its stake in shares of 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 acquiring an additional 1,012 shares in the last quarter. Paragon Capital Management Ltd boosted its position 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 purchasing an additional 1,071 shares in the last quarter. Garden State Investment Advisory Services LLC boosted its position in AGNC Investment by 10.0% during 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 purchasing an additional 1,176 shares in the last quarter. Oak Thistle LLC grew its holdings in AGNC Investment by 4.9% in the second quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust's stock valued at $256,000 after purchasing an additional 1,251 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust's stock worth $35,000 after buying an additional 1,255 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.
About AGNC Investment
(
Get Free Report)
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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