AGNC Investment (NASDAQ:AGNC) Stock Price Up 1% - Time to Buy?

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) rose 1% on Wednesday . The company traded as high as $9.58 and last traded at $9.56. Approximately 3,751,761 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 14,034,439 shares. The stock had previously closed at $9.47.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on AGNC Investment from $9.50 to $10.00 and gave the company an "overweight" rating in a research note on Tuesday, July 16th. StockNews.com cut AGNC Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. Compass Point increased their price objective on AGNC Investment from $10.25 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods increased their price objective on AGNC Investment from $10.00 to $10.25 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Finally, Maxim Group cut AGNC Investment from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, AGNC Investment has an average rating of "Moderate Buy" and an average target price of $10.33.

AGNC Investment Stock Up 0.1 %

The firm has a market cap of $8.40 billion, a PE ratio of 6.60 and a beta of 1.47. 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 business has a 50-day moving average price of $10.13 and a two-hundred day moving average price of $9.96.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued 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 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 analysts' expectations of $219.50 million. During the same period in the previous year, the business posted $0.65 EPS. On average, equities research analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently declared 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 is currently 100.00%.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its position in AGNC Investment by 2.0% in the third quarter. FMR LLC now owns 103,556 shares of the real estate investment trust's stock valued at $1,083,000 after purchasing an additional 1,999 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of AGNC Investment by 7.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 197,489 shares of the real estate investment trust's stock worth $2,066,000 after purchasing an additional 13,578 shares during the last quarter. Private Trust Co. NA raised its position in shares of AGNC Investment by 193.2% during the 3rd quarter. Private Trust Co. NA now owns 40,091 shares of the real estate investment trust's stock worth $419,000 after purchasing an additional 26,418 shares during the last quarter. Independent Advisor Alliance acquired a new position in shares of AGNC Investment during the 3rd quarter worth approximately $137,000. Finally, Pekin Hardy Strauss Inc. grew its stake in AGNC Investment by 4.8% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 927,517 shares of the real estate investment trust's stock worth $9,702,000 after acquiring an additional 42,586 shares during the period. Institutional investors and hedge funds own 38.28% of the company's stock.

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).

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