AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s share price shot up 0.6% during trading on Friday . The company traded as high as $9.69 and last traded at $9.70. 3,330,391 shares were traded during mid-day trading, a decline of 80% from the average session volume of 16,855,680 shares. The stock had previously closed at $9.64.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on AGNC. JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a report on Thursday. StockNews.com cut shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an "overweight" rating on the stock in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $10.64.
Get Our Latest Stock Report on AGNC
AGNC Investment Price Performance
The stock has a market cap of $8.57 billion, a price-to-earnings ratio of 6.72 and a beta of 1.47. 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 company has a 50-day simple moving average of $9.50 and a two-hundred day simple moving average of $9.90.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its earnings results 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 firm had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. During the same quarter in the previous year, the firm posted $0.65 earnings per share. As a group, equities research analysts forecast that AGNC Investment Corp. will post 1.95 EPS for the current year.
AGNC Investment Announces Dividend
The company also recently announced a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a $0.12 dividend. The ex-dividend date is Friday, January 31st. This represents a yield of 15.5%. AGNC Investment's dividend payout ratio (DPR) is currently 100.00%.
Hedge Funds Weigh In On AGNC Investment
A number of institutional investors have recently bought and sold shares of AGNC. Vaughan Nelson Investment Management L.P. grew its stake 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 valued at $151,113,000 after buying an additional 9,639,675 shares during the last quarter. Geode Capital Management LLC grew its position in shares of AGNC Investment by 2.0% in the third 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 purchasing an additional 242,640 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of AGNC Investment by 2.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust's stock valued at $86,169,000 after purchasing an additional 189,444 shares during the last quarter. Equity Investment Corp increased its stake in shares of AGNC Investment by 2.1% during the third quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust's stock worth $76,088,000 after purchasing an additional 149,775 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in AGNC Investment by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust's stock worth $70,796,000 after purchasing an additional 162,152 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.
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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