AGNC Investment (NASDAQ:AGNC) Shares Up 1.8% – Time to Buy?

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price was up 1.8% during mid-day trading on Thursday . The company traded as high as $10.05 and last traded at $10.01. Approximately 10,420,001 shares changed hands during trading, a decline of 43% from the average daily volume of 18,138,916 shares. The stock had previously closed at $9.83.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $11.00 target price on shares of AGNC Investment in a report on Thursday. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.64.

AGNC Investment Trading Up 2.5 %

The firm has a market capitalization of $8.93 billion, a PE ratio of 7.00 and a beta of 1.47. The company’s 50-day moving average price is $9.52 and its 200-day moving average price is $9.89. 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) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. On average, sell-side analysts expect that AGNC Investment Corp. will post 1.95 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently announced a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a $0.12 dividend. This represents a dividend yield of 15.5%. The ex-dividend date is Friday, January 31st. AGNC Investment’s dividend payout ratio (DPR) is 100.00%.

Hedge Funds Weigh In On AGNC Investment

Large investors have recently bought and sold shares of the stock. Riverview Trust Co purchased a new stake in shares of AGNC Investment in the 3rd quarter valued at about $25,000. Financial Life Planners acquired a new stake in shares of AGNC Investment in the fourth quarter valued at approximately $28,000. Point72 Asset Management L.P. purchased a new position in shares of AGNC Investment during the third quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of AGNC Investment by 52.2% in the 2nd 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. raised its position in AGNC Investment by 315.9% in the 3rd 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 last quarter. Institutional investors and hedge funds 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).