AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.1% - Here's What Happened

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) shares traded up 0.1% on Friday . The company traded as high as $9.68 and last traded at $9.65. 3,467,350 shares were traded during mid-day trading, a decline of 75% from the average session volume of 14,072,521 shares. The stock had previously closed at $9.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company raised AGNC Investment from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. Royal Bank of Canada raised their target price on AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Friday, August 16th. StockNews.com cut shares of AGNC Investment from a "hold" rating to a "sell" rating in a research note on Saturday, October 19th. Finally, JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a research note on Wednesday, August 28th. One equities research 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $10.33.

AGNC Investment Stock Down 1.0 %

The firm's fifty day simple moving average is $9.96 and its 200-day simple moving average is $9.97. The company has a market cap of $8.56 billion, a PE ratio of 6.70 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.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The company had revenue of $756.00 million during the quarter, compared to analysts' expectations of $219.50 million. During the same period in the previous year, the company posted $0.65 EPS. As a group, equities research analysts expect that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be given a dividend of $0.12 per share. This represents a yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment's dividend payout ratio is presently 100.00%.

Institutional Investors Weigh In On AGNC Investment

Hedge funds have recently modified their holdings of the company. Riverview Trust Co purchased a new stake in shares of AGNC Investment in the third quarter valued at $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in AGNC Investment in the 2nd quarter worth about $31,000. Point72 Asset Management L.P. purchased a new stake in AGNC Investment in the 3rd quarter valued at about $32,000. Northwestern Mutual Wealth Management Co. increased 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 valued at $35,000 after acquiring an additional 1,255 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 2,966 shares during the period. 38.28% of the stock is 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).