14 hours Ago By ABMN Staff
AGNC Investment Corp. ( NASDAQ:AGNC – Get Free Report )’s stock price traded down 0.3% during trading on Tuesday .
The stock traded as low as $9.38 and last traded at $9.42.
3,502,898 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 14,188,818 shares. The stock had previously closed at $9.45.
Analyst Ratings Changes A number of analysts have weighed in on the stock. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $10.
00 to $12.00 in a research report on Friday, September 20th. JPMorgan Chase & Co.
dropped their target price on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th.
Finally, StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock.
Based on data from MarketBeat, AGNC Investment has a consensus rating of “Moderate Buy” and an average price target of $10.44. Read Our Latest Stock Report on AGNC Investment AGNC Investment Price Performance AGNC Investment ( NASDAQ:AGNC – Get Free Report ) last posted its quarterly earnings data 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 prior year, the company posted $0.65 earnings per share.
As a group, research analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.
AGNC Investment Dividend Announcement The firm also recently disclosed a dec 24 dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be paid a $0.12 dividend.
This represents a dividend yield of 15.1%. The ex-dividend date is Tuesday, December 31st.
AGNC Investment’s dividend payout ratio is 100.00%. Institutional Investors Weigh In On AGNC Investment Several large investors have recently added to or reduced their stakes in the business.
Bank of New York Mellon Corp boosted its holdings in shares of AGNC Investment by 8.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,435,422 shares of the real estate investment trust’s stock worth $23,234,000 after buying an additional 187,949 shares in the last quarter.
Arkadios Wealth Advisors bought a new position in AGNC Investment during the second quarter worth $271,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in AGNC Investment by 14.0% in the second quarter.
Zurcher Kantonalbank Zurich Cantonalbank now owns 148,157 shares of the real estate investment trust’s stock worth $1,413,000 after purchasing an additional 18,205 shares during the period. Signaturefd LLC increased its stake in AGNC Investment by 23.4% in the second quarter.
Signaturefd LLC now owns 8,355 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 1,582 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of AGNC Investment by 12.6% during the second quarter.
International Assets Investment Management LLC now owns 102,564 shares of the real estate investment trust’s stock valued at $978,000 after purchasing an additional 11,473 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.
About AGNC Investment ( Get Free Report ) 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). Featured Articles Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.
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