AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.3% – Should You Sell?

Shares of AGNC Investment Corp. (NASDAQ:AGNC) traded down 0.3% during trading on Tuesday . The stock traded as low as $9.38 and last traded at $9.42. 3,502,898 shares were traded during trading, a decline of 75% from the average session volume of 14,188,818 shares. The stock had previously closed at $9.45.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AGNC. JPMorgan Chase & Co. reduced their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.44.

AGNC Investment Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 6.58 and a beta of 1.47. The firm’s 50 day moving average is $9.69 and its 200-day moving average is $9.95.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 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 for the quarter, compared to analyst estimates of $219.50 million. During the same period in the prior year, the company posted $0.65 EPS. 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 company also recently announced a dec 24 dividend, which will be paid on Friday, January 10th. Investors of record on Tuesday, December 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 15.1%. AGNC Investment’s payout ratio is presently 100.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Riverview Trust Co bought a new position in shares of AGNC Investment in the third quarter worth about $25,000. Point72 Asset Management L.P. bought a new position in AGNC Investment in the 3rd quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of AGNC Investment during the second quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 during the period. Finally, Blue Trust Inc. grew its stake in shares of AGNC Investment by 315.9% in the third 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 last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

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).