AGNC Investment (NASDAQ:AGNC) Trading Down 0.3% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC) traded down 0.3% on Friday . The stock traded as low as $9.40 and last traded at $9.48. 4,879,399 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 14,040,090 shares. The stock had previously closed at $9.51.

Analyst Ratings Changes

A number of analysts recently issued reports on AGNC shares. Maxim Group downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Royal Bank of Canada lifted their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $10.00 to $12.00 in a research report on Friday, September 20th. Compass Point raised their target price on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods upped their price target on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Price Performance

The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 6.65 and a beta of 1.47. The business’s 50-day moving average price is $10.09 and its two-hundred day moving average price is $9.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share 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 during the quarter, compared to the consensus estimate of $219.50 million. During the same period in the previous year, the firm posted $0.65 EPS. On average, research analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

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

Institutional Investors Weigh In On AGNC Investment

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in AGNC Investment by 3.7% during the first quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock worth $650,781,000 after purchasing an additional 2,368,658 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of AGNC Investment by 200.5% during the third 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 period. Geode Capital Management LLC lifted its position in shares of AGNC Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock worth $128,730,000 after buying an additional 242,640 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of AGNC Investment by 2.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock valued at $86,169,000 after buying an additional 189,444 shares during the period. Finally, Equity Investment Corp grew its position in shares of AGNC Investment by 2.1% during the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock valued at $76,088,000 after buying an additional 149,775 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

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).