AGNC Investment Corp. (NASDAQ:AGNC) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 20,685,296 shares, a growth of 13.6% from the October 15th total of 18,204,848 shares. Based on an average daily volume of 5,606,842 shares, the short-interest ratio is presently 3.7 days. Approximately 4.4% of the company’s shares are short sold.
AGNC stock opened at $18.08 on Friday. AGNC Investment has a fifty-two week low of $17.51 and a fifty-two week high of $20.84. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.03. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 2.43 and a beta of 0.10.
AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. AGNC Investment had a return on equity of 12.05% and a net margin of 125.99%. The firm had revenue of $188.00 million for the quarter, compared to the consensus estimate of $324.65 million. During the same quarter in the prior year, the business earned $0.62 EPS. On average, analysts expect that AGNC Investment will post 2.44 EPS for the current year.
The company also recently announced a nov 18 dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, November 29th. AGNC Investment’s dividend payout ratio (DPR) is 87.80%.
In other AGNC Investment news, Director Morris A. Davis sold 6,797 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $19.12, for a total transaction of $129,958.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry K. Harvey purchased 4,000 shares of the stock in a transaction on Tuesday, October 30th. The shares were acquired at an average cost of $17.74 per share, with a total value of $70,960.00. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of the business. FMR LLC grew its stake in shares of AGNC Investment by 129.0% in the 3rd quarter. FMR LLC now owns 12,775,229 shares of the real estate investment trust’s stock worth $238,002,000 after buying an additional 7,197,703 shares during the last quarter. BlackRock Inc. grew its stake in shares of AGNC Investment by 14.4% in the 3rd quarter. BlackRock Inc. now owns 42,967,955 shares of the real estate investment trust’s stock worth $800,494,000 after buying an additional 5,400,238 shares during the last quarter. State Treasurer State of Michigan grew its stake in shares of AGNC Investment by 31.4% in the 2nd quarter. State Treasurer State of Michigan now owns 18,541,100 shares of the real estate investment trust’s stock worth $344,679,000 after buying an additional 4,435,300 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of AGNC Investment by 33.0% in the 2nd quarter. Wells Fargo & Company MN now owns 10,365,601 shares of the real estate investment trust’s stock worth $192,696,000 after buying an additional 2,574,569 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of AGNC Investment by 809.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 2,230,503 shares of the real estate investment trust’s stock worth $41,554,000 after buying an additional 1,985,129 shares during the last quarter. Hedge funds and other institutional investors own 58.95% of the company’s stock.
A number of research analysts have weighed in on AGNC shares. Barclays reduced their target price on AGNC Investment from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, October 26th. BidaskClub downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Tuesday. Maxim Group upped their target price on AGNC Investment from $19.25 to $19.75 and gave the stock a “buy” rating in a report on Friday, July 27th. Zacks Investment Research upgraded AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, September 24th. Finally, JPMorgan Chase & Co. upped their target price on AGNC Investment from $18.00 to $18.50 and gave the stock a “$19.11” rating in a report on Monday, July 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.29.
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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).
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