AGNC Investment (NASDAQ:AGNC) Shares Down 0.3% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC)’s share price was down 0.3% during mid-day trading on Thursday . The stock traded as low as $9.17 and last traded at $9.29. Approximately 15,315,102 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 17,898,922 shares. The stock had previously closed at $9.32.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AGNC shares. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $10.00 to $12.00 in a report on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Finally, StockNews.com downgraded shares of 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 assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.44.

AGNC Investment Stock Performance

The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $8.23 billion, a PE ratio of 6.45 and a beta of 1.47. The firm’s 50-day moving average price is $9.51 and its two-hundred day moving average price is $9.92.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company 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 in the prior year, the business posted $0.65 earnings per share. As a group, research analysts predict that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently announced a jan 25 dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a $0.12 dividend. AGNC Investment’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Trading of AGNC Investment

Institutional investors and hedge funds have recently modified their holdings of the company. Riverview Trust Co bought a new position in AGNC Investment during the third quarter worth $25,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of AGNC Investment in the 2nd quarter worth about $31,000. Point72 Asset Management L.P. bought a new stake in shares of AGNC Investment in the 3rd quarter worth about $32,000. Northwestern Mutual Wealth Management Co. grew 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 worth $35,000 after purchasing an additional 1,255 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of 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 worth $37,000 after purchasing an additional 2,966 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).