AGNC Investment (NASDAQ:AGNC) Stock Price Down 1.1% – Should You Sell?

AGNC Investment Corp. (NASDAQ:AGNC) shares fell 1.1% during mid-day trading on Tuesday . The company traded as low as $9.50 and last traded at $9.57. 4,941,345 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 14,010,963 shares. The stock had previously closed at $9.68.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AGNC. Royal Bank of Canada increased their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Maxim Group lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Trading Down 2.2 %

The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 6.65 and a beta of 1.47. The company has a fifty day moving average price of $10.14 and a 200-day moving average price of $9.96. The company has a current ratio of 0.23, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The business had revenue of $756.00 million for the quarter, compared to the consensus estimate 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 company earned $0.65 earnings per share. On average, equities research analysts predict that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a yield of 14.9%. AGNC Investment’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Trading of AGNC Investment

A number of institutional investors and hedge funds have recently made changes to their positions in AGNC. Vaughan Nelson Investment Management L.P. increased its holdings in AGNC Investment by 200.5% in the third 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 purchasing an additional 9,639,675 shares in the last quarter. Natixis Advisors LLC lifted its stake in AGNC Investment by 314.8% in the third quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust’s stock worth $40,196,000 after purchasing an additional 2,916,345 shares during the last quarter. Vanguard Group Inc. lifted its holdings in AGNC Investment by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock worth $650,781,000 after buying an additional 2,368,658 shares during the period. ORG Wealth Partners LLC purchased a new position in AGNC Investment during the third quarter valued at $17,463,000. Finally, Boston Partners increased its stake in AGNC Investment by 522.4% during the 1st quarter. Boston Partners now owns 1,437,698 shares of the real estate investment trust’s stock valued at $14,229,000 after purchasing an additional 1,206,714 shares in the last quarter. Institutional investors 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).