AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s stock price rose 1.1% during trading on Friday . The company traded as high as $9.40 and last traded at $9.38. Approximately 4,972,810 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 11,762,094 shares. The stock had previously closed at $9.28.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on AGNC shares. StockNews.com lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a research report on Saturday, October 19th. JPMorgan Chase & Co. lowered their target price 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. Finally, Wells Fargo & Company raised AGNC Investment from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $10.44.
Check Out Our Latest Analysis on AGNC Investment
AGNC Investment Price Performance
The company's fifty day moving average is $9.52 and its two-hundred day moving average is $9.93. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 6.56 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.
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 (EPS) 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 company had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. During the same quarter last year, the business posted $0.65 EPS. Equities research analysts anticipate that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.
AGNC Investment Dividend Announcement
The company also recently declared a dec 24 dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 15.1%. AGNC Investment's dividend payout ratio is 100.00%.
Institutional Trading of AGNC Investment
Hedge funds have recently added to or reduced their stakes in the business. CIBC Asset Management Inc lifted its holdings 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 valued at $188,000 after purchasing an additional 1,012 shares in the last quarter. Paragon Capital Management Ltd boosted its holdings in shares of AGNC Investment by 3.6% in the third quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust's stock valued at $321,000 after buying an additional 1,071 shares during the period. Garden State Investment Advisory Services LLC increased its position in shares of 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 acquiring an additional 1,176 shares in the last quarter. Oak Thistle LLC raised its holdings in shares of AGNC Investment by 4.9% during the second quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust's stock worth $256,000 after acquiring an additional 1,251 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in AGNC Investment by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 1,255 shares in 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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