AGNC Investment (NASDAQ:AGNC) Shares Down 1.1% – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price fell 1.1% on Tuesday . The stock traded as low as $9.50 and last traded at $9.57. 4,941,345 shares traded 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 Analysts Forecast Growth

AGNC has been the subject of a number of research analyst reports. Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Finally, Compass Point raised their price target on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Stock Performance

The company has a 50-day simple moving average of $10.12 and a two-hundred day simple moving average of $9.95. 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 firm has a market capitalization of $8.42 billion, a P/E ratio of 6.65 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last posted 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 return on equity of 23.41% and a net margin of 42.19%. The company had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. During the same quarter last year, the company earned $0.65 earnings per share. As a group, equities analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

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

Institutional Investors Weigh In On AGNC Investment

Institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Asset Management Inc grew its stake in AGNC Investment by 5.4% during the 2nd quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 1,012 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in AGNC Investment by 6.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 1,059 shares during the period. Paragon Capital Management Ltd boosted its position in AGNC Investment by 3.6% in the 3rd quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 1,071 shares during the period. Highlander Capital Management LLC boosted its position in AGNC Investment by 8.1% in the 1st quarter. Highlander Capital Management LLC now owns 15,940 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 1,200 shares during the period. Finally, Oak Thistle LLC boosted its position in AGNC Investment by 4.9% in the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock valued at $256,000 after buying an additional 1,251 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.

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).