AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.1% - Here's What Happened

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) shares traded up 0.1% during mid-day trading on Tuesday . The company traded as high as $9.70 and last traded at $9.68. 3,134,158 shares changed hands during trading, a decline of 78% from the average session volume of 14,043,341 shares. The stock had previously closed at $9.67.

Analysts Set New Price Targets

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

AGNC Investment Stock Performance

The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 6.74 and a beta of 1.47. The business has a 50-day moving average price of $10.08 and a 200-day moving average price of $9.97.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $219.50 million. During the same quarter last year, the company earned $0.65 EPS. As a group, sell-side analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently announced a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be issued a dividend of $0.12 per share. This represents a dividend yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment's dividend payout ratio (DPR) is 100.00%.

Institutional Trading of AGNC Investment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. boosted its position in AGNC Investment by 200.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust's stock worth $151,113,000 after purchasing an additional 9,639,675 shares in the last quarter. US Bancorp DE lifted its position in shares of AGNC Investment by 279.0% during the 3rd quarter. US Bancorp DE now owns 239,493 shares of the real estate investment trust's stock valued at $2,505,000 after buying an additional 176,301 shares in the last quarter. International Assets Investment Management LLC grew its stake in AGNC Investment by 945.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,072,039 shares of the real estate investment trust's stock valued at $102,489,000 after acquiring an additional 969,475 shares during the period. J.W. Cole Advisors Inc. raised its position in AGNC Investment by 112.7% during the third quarter. J.W. Cole Advisors Inc. now owns 107,749 shares of the real estate investment trust's stock worth $1,127,000 after acquiring an additional 57,089 shares during the period. Finally, Cannon Global Investment Management LLC purchased a new position in AGNC Investment during the third quarter valued at $1,569,000. Institutional investors and hedge funds own 38.28% of the company's stock.

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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