AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.2% – What’s Next?

Shares of AGNC Investment Corp. (NASDAQ:AGNC) were down 0.2% on Thursday . The company traded as low as $9.39 and last traded at $9.45. Approximately 3,569,650 shares changed hands during trading, a decline of 75% from the average daily volume of 14,178,309 shares. The stock had previously closed at $9.47.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. JPMorgan Chase & Co. lowered their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $10.00 to $12.00 in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.44.

AGNC Investment Trading Down 0.5 %

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 business’s 50-day moving average price is $9.63 and its two-hundred day moving average price is $9.94. The company has a market capitalization of $8.26 billion, a P/E ratio of 6.48 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last posted 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). The business had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a dec 24 dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a yield of 15.1%. AGNC Investment’s dividend payout ratio (DPR) is currently 100.00%.

Institutional Investors Weigh In On AGNC Investment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in AGNC Investment by 35.8% in the 3rd quarter. Franklin Resources Inc. now owns 584,370 shares of the real estate investment trust’s stock worth $6,060,000 after purchasing an additional 154,029 shares during the period. Peapack Gladstone Financial Corp bought a new position in shares of AGNC Investment during the third quarter worth about $142,000. Tidal Investments LLC raised its position in AGNC Investment by 3.3% in the 3rd quarter. Tidal Investments LLC now owns 96,081 shares of the real estate investment trust’s stock valued at $1,005,000 after buying an additional 3,075 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 valued at $128,730,000 after acquiring an additional 242,640 shares in the last quarter. Finally, Barclays PLC boosted its position in AGNC Investment by 4.8% during the 3rd quarter. Barclays PLC now owns 1,552,969 shares of the real estate investment trust’s stock worth $16,242,000 after acquiring an additional 71,330 shares during the last quarter. 38.28% of the stock is currently 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).