AGNC Investment (NASDAQ:AGNC) Trading Down 0.4% - What's Next?

Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) dropped 0.4% during trading on Wednesday . The stock traded as low as $9.11 and last traded at $9.21. Approximately 21,129,969 shares were traded during trading, an increase of 48% from the average daily volume of 14,317,139 shares. The stock had previously closed at $9.25.

Analysts Set New Price Targets

AGNC has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an "overweight" rating for the company in a research report on Monday, December 9th. Wells Fargo & Company raised AGNC Investment from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $10.00 to $12.00 in a research note on Friday, September 20th. Finally, StockNews.com lowered shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, AGNC Investment presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.44.

AGNC Investment Price Performance

The company's 50 day simple moving average is $9.55 and its 200 day simple moving average is $9.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market cap of $8.16 billion, a P/E ratio of 6.40 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.04). The firm had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, equities analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a dec 24 dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be paid a $0.12 dividend. This represents a yield of 15.1%. The ex-dividend date is Tuesday, December 31st. AGNC Investment's payout ratio is currently 100.00%.

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds and other institutional investors have recently made changes to their positions in AGNC. Riverview Trust Co bought a new position in AGNC Investment during the 3rd quarter worth about $25,000. Point72 Asset Management L.P. acquired a new stake in AGNC Investment in the 3rd quarter valued at approximately $32,000. Ashton Thomas Private Wealth LLC bought a new stake in AGNC Investment in the 2nd quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 1,255 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of AGNC Investment by 315.9% in the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 2,966 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).