AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.1% – Time to Sell?

AGNC Investment Corp. (NASDAQ:AGNC) dropped 0.1% during trading on Monday . The stock traded as low as $9.63 and last traded at $9.65. Approximately 3,220,236 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 14,001,701 shares. The stock had previously closed at $9.66.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AGNC shares. Compass Point boosted their price objective 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. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. JPMorgan Chase & Co. boosted their price objective on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Maxim Group downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods raised their target price on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Stock Performance

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 company has a market capitalization of $8.43 billion, a PE ratio of 6.60 and a beta of 1.47. The company has a 50 day moving average price of $10.13 and a 200 day moving average price of $9.96.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same period in the prior year, the business earned $0.65 earnings per share. Equities analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

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

Institutional Trading of AGNC Investment

Institutional investors and hedge funds have recently modified their holdings of the business. Riverview Trust Co acquired a new stake in AGNC Investment during the third quarter worth about $25,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of AGNC Investment in the 2nd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. boosted its position 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 purchasing an additional 1,255 shares during the period. Blue Trust Inc. grew its stake 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 worth $37,000 after buying an additional 2,966 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in AGNC Investment in the first quarter worth $38,000. 38.28% of the stock is 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).