AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s stock price shot up 1.2% on Friday . The stock traded as high as $9.69 and last traded at $9.66. 3,730,917 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 14,045,037 shares. The stock had previously closed at $9.55.
Analysts Set New Price Targets
AGNC has been the topic of several recent research reports. StockNews.com cut AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Wells Fargo & Company upgraded AGNC Investment from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $10.00 to $12.00 in a report on Friday, September 20th. Finally, Royal Bank of Canada increased their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $10.33.
View Our Latest Analysis on AGNC Investment
AGNC Investment Stock Performance
The stock has a market capitalization of $8.55 billion, a PE ratio of 6.71 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 firm's 50 day moving average is $9.88 and its two-hundred day moving average is $9.96.
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 (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 during the quarter, compared to analyst estimates of $219.50 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. As a group, research analysts predict 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 paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a dividend yield of 14.9%. AGNC Investment's payout ratio is 100.00%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in AGNC. Tidal Investments LLC acquired a new position in shares of AGNC Investment during the first quarter worth $108,000. Cetera Investment Advisers increased its holdings in shares of AGNC Investment by 319.8% in the 1st quarter. Cetera Investment Advisers now owns 324,111 shares of the real estate investment trust's stock valued at $3,209,000 after acquiring an additional 246,896 shares during the last quarter. Cetera Advisors LLC raised its position in shares of AGNC Investment by 31.9% during the 1st quarter. Cetera Advisors LLC now owns 76,227 shares of the real estate investment trust's stock worth $755,000 after acquiring an additional 18,424 shares in the last quarter. Annex Advisory Services LLC purchased a new stake in AGNC Investment during the second quarter worth approximately $201,000. Finally, SG Americas Securities LLC acquired a new position in AGNC Investment in the second quarter valued at approximately $979,000. Hedge funds and other institutional investors 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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