AGNC Investment (NASDAQ:AGNC) Stock Price Up 1.2% - Still a Buy?

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) was up 1.2% during mid-day trading on Thursday . The company traded as high as $9.79 and last traded at $9.76. Approximately 12,091,447 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 14,121,854 shares. The stock had previously closed at $9.64.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JMP Securities restated a "market perform" rating on shares of AGNC Investment in a report on Wednesday, August 28th. StockNews.com cut shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. Wells Fargo & Company upgraded AGNC Investment from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $10.00 to $12.00 in a report on Friday, September 20th. Finally, Royal Bank of Canada boosted their target price on AGNC Investment from $10.00 to $11.00 and gave the company 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, AGNC Investment currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.33.

AGNC Investment Stock Up 1.2 %

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 company has a market cap of $8.64 billion, a price-to-earnings ratio of 6.78 and a beta of 1.47. The business has a 50-day simple moving average of $9.98 and a two-hundred day simple moving average of $9.97.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share 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 company had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. During the same quarter last year, the firm posted $0.65 earnings per share. As a group, equities analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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 $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a yield of 14.9%. AGNC Investment's payout ratio is presently 100.00%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AGNC. Price T Rowe Associates Inc. MD increased its stake in shares of AGNC Investment by 9.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 351,975 shares of the real estate investment trust's stock worth $3,485,000 after purchasing an additional 30,647 shares during the period. Public Employees Retirement System of Ohio increased its position in AGNC Investment by 1.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 274,631 shares of the real estate investment trust's stock worth $2,719,000 after buying an additional 4,035 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of AGNC Investment by 11.8% during the first quarter. Janus Henderson Group PLC now owns 310,813 shares of the real estate investment trust's stock worth $3,072,000 after buying an additional 32,905 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of AGNC Investment by 3.5% in the first quarter. California State Teachers Retirement System now owns 674,005 shares of the real estate investment trust's stock valued at $6,673,000 after acquiring an additional 23,074 shares during the period. Finally, Tidal Investments LLC acquired a new stake in shares of AGNC Investment in the first quarter worth $108,000. Institutional investors own 38.28% of the company's stock.

AGNC Investment Company Profile

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).