AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) shares were up 1.1% during trading on Tuesday . The company traded as high as $9.24 and last traded at $9.22. Approximately 3,519,701 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 17,308,908 shares. The stock had previously closed at $9.12.
Analysts Set New Price Targets
AGNC has been the subject of several recent analyst reports. Wells Fargo & Company raised AGNC Investment from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. StockNews.com downgraded AGNC Investment from a "hold" rating to a "sell" rating in a research report on Saturday, October 19th. Finally, JPMorgan Chase & Co. reduced 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, three have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $10.44.
Read Our Latest Stock Analysis on AGNC
AGNC Investment Price 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 cap of $8.18 billion, a price-to-earnings ratio of 6.42 and a beta of 1.47. The company's 50-day moving average price is $9.50 and its 200-day moving average price is $9.91.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 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 business had revenue of $756.00 million during the quarter, compared to analysts' expectations of $219.50 million. During the same period in the prior year, the business earned $0.65 EPS. On average, equities research analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current year.
AGNC Investment Announces Dividend
The business also recently declared a jan 25 dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a yield of 15.5%. AGNC Investment's dividend payout ratio (DPR) is 100.00%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in AGNC. Vaughan Nelson Investment Management L.P. raised its holdings in shares of 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 purchasing an additional 9,639,675 shares in the last quarter. Natixis Advisors LLC increased its holdings in AGNC Investment by 314.8% in the third quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust's stock valued at $40,196,000 after buying an additional 2,916,345 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in AGNC Investment in the third quarter valued at $17,463,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in AGNC Investment by 115.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,912,694 shares of the real estate investment trust's stock worth $20,007,000 after buying an additional 1,023,275 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of AGNC Investment by 945.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,072,039 shares of the real estate investment trust's stock worth $102,489,000 after acquiring an additional 969,475 shares in the last quarter. 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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