AGNC Investment (NASDAQ:AGNC) Trading Down 0.4% – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s share price dropped 0.4% during trading on Monday . The company traded as low as $9.37 and last traded at $9.41. Approximately 4,038,362 shares changed hands during trading, a decline of 72% from the average daily volume of 14,190,203 shares. The stock had previously closed at $9.45.

Analyst Ratings Changes

AGNC has been the topic of several research reports. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Finally, JPMorgan Chase & Co. decreased their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.44.

AGNC Investment Stock Performance

The business’s fifty day simple moving average is $9.71 and its 200-day simple moving average is $9.96. The firm has a market capitalization of $8.33 billion, a PE ratio of 6.53 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.

AGNC Investment (NASDAQ:AGNC) last posted 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 analysts’ expectations 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 in the prior year, the firm posted $0.65 earnings per share. As a group, equities research analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a dec 24 dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be issued a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 15.1%. AGNC Investment’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Trading of AGNC Investment

A number of institutional investors have recently bought and sold shares of AGNC. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of AGNC Investment by 200.5% in the 3rd 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 acquiring an additional 9,639,675 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of AGNC Investment by 314.8% during the third quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust’s stock valued at $40,196,000 after buying an additional 2,916,345 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of AGNC Investment in the third quarter worth approximately $17,463,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AGNC Investment by 115.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,912,694 shares of the real estate investment trust’s stock worth $20,007,000 after acquiring an additional 1,023,275 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in AGNC Investment by 945.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,072,039 shares of the real estate investment trust’s stock valued at $102,489,000 after acquiring an additional 969,475 shares during the period. 38.28% of the stock is currently owned by institutional investors.

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).