AGNC Investment (NASDAQ:AGNC) Trading 1.4% Higher After Dividend Announcement

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) shares shot up 1.4% during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as $9.57 and last traded at $9.51. 4,351,019 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 13,943,930 shares. The stock had previously closed at $9.38.The newly announced dividend which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. AGNC Investment's payout ratio is 100.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Compass Point lifted their price target on AGNC Investment from $10.25 to $11.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Royal Bank of Canada boosted their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Friday, August 16th. JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Finally, Maxim Group downgraded shares of AGNC Investment from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.33.

Remove Ads

AGNC Investment Stock Performance

The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $10.18 and a 200-day moving average price of $9.95. The stock has a market capitalization of $8.43 billion, a PE ratio of 6.60 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its 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). The company had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a return on equity of 24.40% and a net margin of 42.19%. During the same period last year, the business earned $0.65 earnings per share. Research analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of AGNC Investment by 39.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 52,295 shares of the real estate investment trust's stock valued at $518,000 after buying an additional 14,898 shares in the last quarter. Norden Group LLC raised its position in AGNC Investment by 20.7% during the first quarter. Norden Group LLC now owns 20,618 shares of the real estate investment trust's stock worth $204,000 after acquiring an additional 3,529 shares during the period. Private Advisor Group LLC raised its position in AGNC Investment by 1.1% during the first quarter. Private Advisor Group LLC now owns 158,671 shares of the real estate investment trust's stock worth $1,571,000 after acquiring an additional 1,773 shares during the period. BNP Paribas Financial Markets increased its stake in shares of AGNC Investment by 7.2% during the first quarter. BNP Paribas Financial Markets now owns 346,731 shares of the real estate investment trust's stock worth $3,433,000 after purchasing an additional 23,258 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of AGNC Investment by 13.5% during the first quarter. Janney Montgomery Scott LLC now owns 154,175 shares of the real estate investment trust's stock worth $1,526,000 after purchasing an additional 18,289 shares in the last quarter. Hedge funds and other 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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.