AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.2% – Should You Sell?

AGNC Investment Corp. (NASDAQ:AGNC) shares fell 0.2% during mid-day trading on Thursday . The stock traded as low as $9.39 and last traded at $9.45. 3,569,650 shares were traded during mid-day trading, a decline of 75% from the average session volume of 14,178,309 shares. The stock had previously closed at $9.47.

Analyst Ratings Changes

AGNC has been the topic of several recent analyst reports. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.44.

AGNC Investment Trading Down 0.6 %

The business’s 50-day moving average price is $9.65 and its 200 day moving average price is $9.95. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 6.53 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) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 42.19% and a return on equity of 23.41%. During the same period in the previous year, the company earned $0.65 earnings per share. On average, equities analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

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

Hedge Funds Weigh In On AGNC Investment

A number of hedge funds have recently added to or reduced their stakes in AGNC. Vaughan Nelson Investment Management L.P. grew its holdings in shares of AGNC Investment by 200.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after purchasing an additional 9,639,675 shares during the last quarter. Natixis Advisors LLC lifted its position in AGNC Investment by 314.8% in the 3rd quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust’s stock valued at $40,196,000 after purchasing an additional 2,916,345 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in AGNC Investment during the 3rd quarter valued at about $17,463,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in AGNC Investment by 115.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,912,694 shares of the real estate investment trust’s stock worth $20,007,000 after purchasing an additional 1,023,275 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of AGNC Investment by 945.2% in the third quarter. International Assets Investment Management LLC now owns 1,072,039 shares of the real estate investment trust’s stock valued at $102,489,000 after purchasing an additional 969,475 shares during the period. Institutional investors and hedge funds 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).