AGNC Investment (NASDAQ:AGNC) Trading 1.1% Higher – Should You Buy?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price traded up 1.1% during trading on Friday . The company traded as high as $9.40 and last traded at $9.38. 4,972,810 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 11,762,094 shares. The stock had previously closed at $9.28.

Wall Street Analyst Weigh In

AGNC has been the subject of a number of research analyst reports. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. JPMorgan Chase & Co. lowered 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. Finally, Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $10.00 to $12.00 in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.44.

AGNC Investment Trading Up 1.7 %

The business has a 50-day moving average of $9.53 and a 200-day moving average of $9.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 6.56 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 posted $0.65 EPS. Research analysts anticipate that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AGNC. Bank of New York Mellon Corp increased its position in shares of AGNC Investment by 8.4% in the second quarter. Bank of New York Mellon Corp now owns 2,435,422 shares of the real estate investment trust’s stock worth $23,234,000 after purchasing an additional 187,949 shares during the period. Signaturefd LLC lifted its position in shares of AGNC Investment by 23.4% during the 2nd quarter. Signaturefd LLC now owns 8,355 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 1,582 shares during the last quarter. Rothschild Investment LLC bought a new position in AGNC Investment in the second quarter valued at about $88,000. Commonwealth Equity Services LLC raised its stake in AGNC Investment by 27.9% during the second quarter. Commonwealth Equity Services LLC now owns 596,924 shares of the real estate investment trust’s stock worth $5,695,000 after acquiring an additional 130,134 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of AGNC Investment by 1.7% during the 2nd quarter. Natixis Advisors LLC now owns 926,469 shares of the real estate investment trust’s stock valued at $8,838,000 after purchasing an additional 15,802 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

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).