AGNC Investment Corp. (NASDAQ:AGNC – Get Free Report) was the target of some unusual options trading on Thursday. Stock traders purchased 52,294 put options on the stock. This is an increase of approximately 38% compared to the typical volume of 37,759 put options.
Hedge Funds Weigh In On AGNC Investment
A number of hedge funds have recently added to or reduced their stakes in AGNC. Riverview Trust Co acquired a new stake in shares of AGNC Investment in the 3rd quarter worth about $25,000. Financial Life Planners bought a new stake in AGNC Investment during the 4th quarter valued at $28,000. Point72 Asset Management L.P. acquired a new position in AGNC Investment during the 3rd quarter worth $32,000. Northwestern Mutual Wealth Management Co. grew its position in 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 valued at $35,000 after buying an additional 1,255 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of AGNC Investment by 315.9% during the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,966 shares during the period. Institutional investors and hedge funds own 38.28% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on AGNC shares. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Thursday, January 23rd. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Keefe, Bruyette & Woods decreased their price target on AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $11.00 target price on shares of AGNC Investment in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.
AGNC Investment Trading Up 2.5 %
Shares of AGNC stock opened at $10.08 on Friday. AGNC Investment has a fifty-two week low of $8.92 and a fifty-two week high of $10.85. The firm’s 50 day moving average price is $9.52 and its two-hundred day moving average price is $9.90. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 7.00 and a beta of 1.47. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01.
AGNC Investment (NASDAQ:AGNC – Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. On average, analysts anticipate that AGNC Investment will post 1.95 EPS for the current year.
AGNC Investment Announces Dividend
The company also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.12 per share. This represents a yield of 15.5%. The ex-dividend date is Friday, January 31st. AGNC Investment’s payout ratio is currently 148.45%.
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).
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