AGNC Investment (NASDAQ:AGNC) Stock Price Down 0.4% – Time to Sell?

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

Analysts Set New Price Targets

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

AGNC Investment Stock Performance

The company has a market capitalization of $8.39 billion, a PE ratio of 6.58 and a beta of 1.47. The stock’s 50-day simple moving average is $9.67 and its 200 day simple moving average is $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.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly 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). The business had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same quarter in the prior year, the business earned $0.65 earnings per share. As a group, research analysts expect that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

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

Institutional Trading of AGNC Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riverview Trust Co purchased a new position in shares of AGNC Investment in the 3rd quarter valued at $25,000. Point72 Asset Management L.P. acquired a new position in AGNC Investment in the third quarter valued at $32,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of AGNC Investment during the second quarter worth about $31,000. Northwestern Mutual Wealth Management Co. increased its position in shares of AGNC Investment by 52.2% during the second 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 in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of AGNC Investment by 315.9% in the 3rd 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. Institutional investors and hedge funds own 38.28% of the company’s stock.

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).