AGNC Investment (NASDAQ:AGNC) Stock Price Up 0.1% – Should You Buy?

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price rose 0.1% during trading on Tuesday . The stock traded as high as $9.70 and last traded at $9.68. Approximately 3,134,158 shares traded hands during trading, a decline of 78% from the average daily volume of 14,043,341 shares. The stock had previously closed at $9.67.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AGNC shares. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Royal Bank of Canada raised their price objective on 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 upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $10.00 to $12.00 in a research report on Friday, September 20th. Keefe, Bruyette & Woods boosted their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Stock Up 0.2 %

The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 6.74 and a beta of 1.47. The business has a 50-day moving average of $10.08 and a 200-day moving average of $9.97. 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 results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The company had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same period last year, the firm posted $0.65 earnings per share. On average, sell-side analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Announces Dividend

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

Institutional Investors Weigh In On AGNC Investment

Several institutional investors and hedge funds have recently modified their holdings of the company. CIBC Asset Management Inc increased its stake in AGNC Investment by 5.4% during the second quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 1,012 shares during the period. Avantax Advisory Services Inc. increased its stake in AGNC Investment by 6.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 1,059 shares during the period. Paragon Capital Management Ltd boosted its position in AGNC Investment by 3.6% in the 3rd quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 1,071 shares during the period. Garden State Investment Advisory Services LLC grew its stake in shares of AGNC Investment by 10.0% in the third quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 1,176 shares in the last quarter. Finally, Highlander Capital Management LLC increased its position in shares of AGNC Investment by 8.1% during the first quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust’s stock worth $158,000 after acquiring an additional 1,200 shares during the period. Hedge funds and other institutional investors 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).