Shares of AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) were up 2% during mid-day trading on Friday after the company announced a dividend. The stock traded as high as $9.73 and last traded at $9.71. Approximately 6,502,083 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 13,986,491 shares. The stock had previously closed at $9.52.
The newly announced dividend which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.12 per share. AGNC Investment's dividend payout ratio (DPR) is 100.00%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on AGNC. Royal Bank of Canada lifted their price objective on AGNC Investment from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Friday, August 16th. JPMorgan Chase & Co. boosted their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 16th. Wells Fargo & Company upgraded shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $10.00 to $12.00 in a report on Friday, September 20th. StockNews.com downgraded shares of AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. Finally, Maxim Group downgraded AGNC Investment from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $10.33.
Get Our Latest Report on AGNC
AGNC Investment Stock Performance
The stock's 50 day moving average price is $10.17 and its 200 day moving average price is $9.94. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 6.74 and a beta of 1.47. The company has a current ratio of 0.23, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.04). The firm had revenue of $756.00 million for 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 period last year, the firm posted $0.65 EPS. On average, analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.
Institutional Trading of AGNC Investment
Institutional investors have recently added to or reduced their stakes in the business. Riverview Trust Co acquired a new position in shares of AGNC Investment during the third quarter worth about $25,000. Ashton Thomas Private Wealth LLC purchased a new position in AGNC Investment in the 2nd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. grew its position in AGNC Investment by 52.2% in the second 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 in the last quarter. Blue Trust Inc. raised its stake in shares of AGNC Investment by 315.9% during 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 period. Finally, LRI Investments LLC acquired a new position in shares of AGNC Investment during the first quarter worth $38,000. 38.28% of the stock is owned by hedge funds and other institutional investors.
AGNC Investment Company Profile
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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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