AGNC Investment (NASDAQ:AGNC) Trading Up 1% – Here’s Why

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price rose 1% during mid-day trading on Tuesday . The company traded as high as $9.71 and last traded at $9.71. Approximately 5,849,235 shares traded hands during trading, a decline of 65% from the average daily volume of 16,946,088 shares. The stock had previously closed at $9.61.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AGNC shares. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Thursday. JPMorgan Chase & Co. dropped their target price on 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 lowered AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, AGNC Investment has a consensus rating of “Moderate Buy” and a consensus price target of $10.64.

AGNC Investment Trading Down 0.7 %

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 company has a fifty day moving average of $9.50 and a two-hundred day moving average of $9.90. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 6.69 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last posted its 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 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 quarter in the previous year, the business posted $0.65 earnings per share. On average, research analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a dividend yield of 15.5%. AGNC Investment’s payout ratio is presently 100.00%.

Institutional Investors Weigh In On AGNC Investment

Hedge funds have recently modified their holdings of the business. Fortitude Advisory Group L.L.C. raised its stake in AGNC Investment by 87.6% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 98,144 shares of the real estate investment trust’s stock valued at $904,000 after purchasing an additional 45,815 shares during the last quarter. KBC Group NV grew its position in AGNC Investment by 67.7% during the fourth quarter. KBC Group NV now owns 30,317 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 12,234 shares in the last quarter. PFG Investments LLC raised its holdings in AGNC Investment by 58.7% in the 4th quarter. PFG Investments LLC now owns 209,350 shares of the real estate investment trust’s stock valued at $1,928,000 after acquiring an additional 77,439 shares in the last quarter. Firethorn Wealth Partners LLC lifted its position in shares of AGNC Investment by 5.1% in the 4th quarter. Firethorn Wealth Partners LLC now owns 76,995 shares of the real estate investment trust’s stock worth $709,000 after acquiring an additional 3,735 shares during the period. Finally, Avior Wealth Management LLC increased its position in shares of AGNC Investment by 413.8% during the fourth quarter. Avior Wealth Management LLC now owns 8,853 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 7,130 shares during the period. 38.28% of the stock is owned by institutional investors.

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).