AGNC Investment (NASDAQ:AGNC) Trading Up 0.6% – What’s Next?

by · The Markets Daily

AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report)’s share price traded up 0.6% during mid-day trading on Friday . The company traded as high as $9.65 and last traded at $9.61. 5,499,698 shares traded hands during trading, a decline of 67% from the average session volume of 16,884,195 shares. The stock had previously closed at $9.55.

Analysts Set New Price Targets

Several equities analysts have commented on AGNC shares. 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 research report on Friday, September 20th. JPMorgan Chase & Co. dropped their price target on 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, StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.44.

Read Our Latest Report on AGNC

AGNC Investment Stock Performance

The firm has a 50-day moving average price of $9.49 and a two-hundred day moving average price of $9.90. The firm has a market capitalization of $8.52 billion, a P/E ratio of 6.68 and a beta of 1.47. 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 – Get Free Report) last issued 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 firm had revenue of $756.00 million during the quarter, compared to analysts’ expectations 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 company posted $0.65 earnings per share. On average, analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a dividend of $0.12 per share. This represents a yield of 15.5%. The ex-dividend date is Friday, January 31st. AGNC Investment’s payout ratio is 100.00%.

Hedge Funds Weigh In On AGNC Investment

A number of large investors have recently bought and sold shares of AGNC. Federated Hermes Inc. increased its holdings in shares of AGNC Investment by 32.2% in the 2nd quarter. Federated Hermes Inc. now owns 242,129 shares of the real estate investment trust’s stock valued at $2,310,000 after acquiring an additional 59,042 shares during the period. Envestnet Asset Management Inc. grew its stake in AGNC Investment by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,406,042 shares of the real estate investment trust’s stock valued at $13,414,000 after purchasing an additional 31,345 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in AGNC Investment by 24.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 39,609 shares of the real estate investment trust’s stock worth $378,000 after purchasing an additional 7,714 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of AGNC Investment during the second quarter valued at about $157,000. Finally, Garden State Investment Advisory Services LLC bought a new stake in shares of AGNC Investment in the 2nd quarter valued at about $112,000. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Company Profile

(Get Free Report)

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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