AGNC Investment (NASDAQ:AGNC) Trading Up 1% – Should You Buy?

Shares of AGNC Investment Corp. (NASDAQ:AGNC) traded up 1% on Wednesday . The company traded as high as $9.58 and last traded at $9.56. 3,751,761 shares were traded during trading, a decline of 73% from the average session volume of 14,034,439 shares. The stock had previously closed at $9.47.

Wall Street Analyst Weigh In

Several research firms have commented on AGNC. Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $10.00 to $12.00 in a research note on Friday, September 20th. Royal Bank of Canada boosted 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. Finally, StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.

AGNC Investment Stock Performance

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 stock has a fifty day simple moving average of $10.10 and a two-hundred day simple moving average of $9.95. The firm has a market capitalization of $8.42 billion, a P/E ratio of 6.60 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued its 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 firm had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, research analysts predict that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

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 $0.12 dividend. This represents a yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment’s payout ratio is currently 100.00%.

Institutional Trading of AGNC Investment

Institutional investors and hedge funds have recently made changes to their positions in the company. Riverview Trust Co purchased a new stake in shares of AGNC Investment during the third quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of AGNC Investment during the 2nd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 purchasing an additional 1,255 shares during the period. Blue Trust Inc. lifted its stake in AGNC Investment by 315.9% in the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 2,966 shares during the last quarter. Finally, LRI Investments LLC bought a new position in AGNC Investment during the first quarter valued at $38,000. Hedge funds and other 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).