AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s stock price was down 0.4% on Monday . The stock traded as low as $9.37 and last traded at $9.41. Approximately 4,038,362 shares were traded during trading, a decline of 72% from the average daily volume of 14,190,203 shares. The stock had previously closed at $9.45.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on AGNC shares. JPMorgan Chase & Co. cut their target price on AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a research note on Monday, December 9th. StockNews.com downgraded shares of 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. Finally, Wells Fargo & Company raised AGNC Investment from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $10.00 to $12.00 in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, three have assigned 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.
Check Out Our Latest Analysis on AGNC Investment
AGNC Investment Price Performance
The firm has a market capitalization of $8.37 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. The company's fifty day moving average is $9.69 and its two-hundred day moving average is $9.95.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.04). The company had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same period last year, the company earned $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 disclosed a dec 24 dividend, which will be paid on Friday, January 10th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. This represents a yield of 15.1%. The ex-dividend date of this dividend is Tuesday, December 31st. AGNC Investment's payout ratio is 100.00%.
Institutional Trading of AGNC Investment
Hedge funds have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. grew its position 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 during the period. Geode Capital Management LLC increased its position in shares of AGNC Investment by 2.0% during the third quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust's stock worth $128,730,000 after acquiring an additional 242,640 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of AGNC Investment by 2.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust's stock worth $86,169,000 after acquiring an additional 189,444 shares during the period. Equity Investment Corp boosted its stake in AGNC Investment by 2.1% in the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust's stock worth $76,088,000 after purchasing an additional 149,775 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in AGNC Investment by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust's stock worth $70,796,000 after purchasing an additional 162,152 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company's stock.
AGNC Investment Company Profile
(
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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