AGNC Investment (NASDAQ:AGNC) Trading Up 0.4% - Here's Why

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report)'s share price was up 0.4% during trading on Thursday . The stock traded as high as $9.73 and last traded at $9.69. Approximately 2,961,620 shares traded hands during trading, a decline of 79% from the average daily volume of 14,041,693 shares. The stock had previously closed at $9.65.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AGNC. JMP Securities reiterated a "market perform" rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Wells Fargo & Company upgraded 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 research report on Friday, September 20th. Royal Bank of Canada lifted their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Friday, August 16th. Maxim Group downgraded AGNC Investment from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods boosted their target price on AGNC Investment from $10.00 to $10.25 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, AGNC Investment has a consensus rating of "Moderate Buy" and a consensus target price of $10.33.

AGNC Investment Stock Up 0.7 %

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 company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 6.73 and a beta of 1.47. The firm has a 50-day moving average price of $10.06 and a two-hundred day moving average price of $9.97.

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

AGNC Investment Dividend Announcement

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

Institutional Trading of AGNC Investment

Hedge funds have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. lifted its holdings in AGNC Investment by 200.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust's stock worth $151,113,000 after purchasing an additional 9,639,675 shares during the last quarter. Natixis Advisors LLC increased its position in AGNC Investment by 314.8% in the 3rd quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust's stock valued at $40,196,000 after acquiring an additional 2,916,345 shares during the period. Vanguard Group Inc. lifted its holdings in AGNC Investment by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust's stock worth $650,781,000 after buying an additional 2,368,658 shares during the period. ORG Wealth Partners LLC bought a new stake in AGNC Investment in the third quarter valued at approximately $17,463,000. Finally, Boston Partners lifted its position in shares of AGNC Investment by 522.4% in the 1st quarter. Boston Partners now owns 1,437,698 shares of the real estate investment trust's stock worth $14,229,000 after purchasing an additional 1,206,714 shares during the period. 38.28% of the stock is owned by institutional investors and hedge funds.

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).

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