AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.4% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price fell 0.4% during mid-day trading on Friday . The company traded as low as $9.14 and last traded at $9.25. 9,650,084 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 16,164,275 shares. The stock had previously closed at $9.29.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AGNC shares. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. lowered their target price on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. Finally, StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and an average price target of $10.44.

AGNC Investment Stock Down 1.6 %

The company’s 50-day moving average is $9.50 and its two-hundred day moving average is $9.91. 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 company has a market cap of $8.09 billion, a P/E ratio of 6.35 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). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The business had revenue of $756.00 million for the quarter, compared to analysts’ expectations of $219.50 million. During the same period last year, the business earned $0.65 earnings per share. As a group, equities analysts predict that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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

Institutional Investors Weigh In On AGNC Investment

A number of large investors have recently made changes to their positions in the company. Paragon Capital Management Ltd lifted its position in AGNC Investment by 3.6% during the third quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 1,071 shares in the last quarter. Garden State Investment Advisory Services LLC grew its stake in shares of AGNC Investment by 10.0% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 12,947 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 1,176 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in 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 acquiring an additional 1,255 shares in the last quarter. Hollencrest Capital Management raised its stake in AGNC Investment by 0.6% during the 3rd quarter. Hollencrest Capital Management now owns 222,450 shares of the real estate investment trust’s stock worth $2,327,000 after acquiring an additional 1,290 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in AGNC Investment by 4.2% during the third quarter. Harbour Investments Inc. now owns 34,618 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 1,391 shares in the last quarter. 38.28% of the stock is currently 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).