AGNC Investment (NASDAQ:AGNC) Shares Down 0.1% – What’s Next?

Shares of AGNC Investment Corp. (NASDAQ:AGNC) were down 0.1% during mid-day trading on Wednesday . The stock traded as low as $9.57 and last traded at $9.66. Approximately 4,224,706 shares changed hands during trading, a decline of 70% from the average daily volume of 14,041,874 shares. The stock had previously closed at $9.67.

Analysts Set New Price Targets

A number of analysts have recently commented on AGNC shares. Keefe, Bruyette & Woods lifted their target price on AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. Royal Bank of Canada raised their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Finally, StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.33.

AGNC Investment Stock Up 0.4 %

The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 6.73 and a beta of 1.47. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm’s 50 day simple moving average is $10.04 and its 200-day simple moving average is $9.97.

AGNC Investment (NASDAQ:AGNC) last issued 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 firm had revenue of $756.00 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.65 earnings per share. On average, sell-side analysts anticipate that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be issued a $0.12 dividend. 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AGNC. Vanguard Group Inc. lifted its holdings in AGNC Investment by 3.7% in the first quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after acquiring an additional 2,368,658 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of AGNC Investment by 200.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock worth $151,113,000 after buying an additional 9,639,675 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of AGNC Investment by 2.0% in the third 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 purchasing an additional 242,640 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in AGNC Investment by 2.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock valued at $86,169,000 after buying an additional 189,444 shares during the last quarter. Finally, Equity Investment Corp increased its position in AGNC Investment by 2.1% during the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock worth $76,088,000 after purchasing an additional 149,775 shares in 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).