AGNC Investment (NASDAQ:AGNC) Shares Down 0.1% – Here’s Why

Shares of AGNC Investment Corp. (NASDAQ:AGNC) traded down 0.1% on Thursday . The stock traded as low as $9.70 and last traded at $9.71. 3,633,186 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 16,629,438 shares. The stock had previously closed at $9.71.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AGNC shares. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. JPMorgan Chase & Co. reduced 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, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.64.

AGNC Investment Price Performance

The firm has a market cap of $8.60 billion, a price-to-earnings ratio of 6.75 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The business has a 50 day simple moving average of $9.50 and a 200-day simple moving average of $9.90.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results 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). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The business had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. During the same quarter in the previous year, the firm earned $0.65 EPS. Equities research analysts expect that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Dividend Announcement

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

Institutional Investors Weigh In On AGNC Investment

A number of hedge funds have recently modified their holdings of the stock. Riverview Trust Co bought a new stake in AGNC Investment during the 3rd quarter valued at $25,000. Point72 Asset Management L.P. bought a new stake in AGNC Investment during the 3rd quarter valued at $32,000. Northwestern Mutual Wealth Management Co. raised its holdings in AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,255 shares during the period. Blue Trust Inc. raised its holdings in AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,966 shares during the period. Finally, Quarry LP raised its holdings in AGNC Investment by 75.6% during the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 2,275 shares during the period. Institutional investors 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).