AGNC Investment (NASDAQ:AGNC) Trading Up 0.2% - Here's What Happened

Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) rose 0.2% on Wednesday . The company traded as high as $9.47 and last traded at $9.47. Approximately 10,784,664 shares traded hands during trading, a decline of 24% from the average daily volume of 14,222,621 shares. The stock had previously closed at $9.45.

Analyst Ratings Changes

Several analysts have recently weighed in on AGNC shares. JPMorgan Chase & Co. reduced 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 shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $10.00 to $12.00 in a research report on Friday, September 20th. StockNews.com lowered AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. Finally, JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, AGNC Investment has a consensus rating of "Moderate Buy" and a consensus target price of $10.44.

AGNC Investment Stock Up 0.2 %

The business has a 50-day simple moving average of $9.65 and a two-hundred day simple moving average of $9.95. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 6.58 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $756.00 million during the quarter, compared to analysts' expectations 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 last year, the business earned $0.65 earnings per share. As a group, equities analysts predict that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

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

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors have recently added to or reduced their stakes in AGNC. Bank of New York Mellon Corp boosted its stake in shares of AGNC Investment by 8.4% in the second quarter. Bank of New York Mellon Corp now owns 2,435,422 shares of the real estate investment trust's stock valued at $23,234,000 after buying an additional 187,949 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of AGNC Investment during the 2nd quarter worth $271,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AGNC Investment by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 148,157 shares of the real estate investment trust's stock worth $1,413,000 after purchasing an additional 18,205 shares during the period. TrueMark Investments LLC purchased a new position in shares of AGNC Investment in the 2nd quarter valued at about $1,732,000. Finally, Signaturefd LLC increased its holdings in shares of AGNC Investment by 23.4% in the 2nd quarter. Signaturefd LLC now owns 8,355 shares of the real estate investment trust's stock valued at $80,000 after purchasing an additional 1,582 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company's stock.

About AGNC Investment

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).