AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 17,310,000 shares, a decrease of 8.3% from the August 31st total of 18,870,000 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily volume of 8,250,000 shares, the days-to-cover ratio is presently 2.1 days.
Wall Street Analyst Weigh In
Several research analysts recently commented on AGNC shares. Keefe, Bruyette & Woods raised AGNC Investment from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $12.25 to $13.25 in a research note on Wednesday, June 8th. Piper Sandler reduced their price objective on AGNC Investment from $13.00 to $9.00 in a research note on Friday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $12.50.
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Hedge Funds Weigh In On AGNC Investment
Hedge funds have recently modified their holdings of the business. Joseph P. Lucia & Associates LLC purchased a new position in AGNC Investment during the 1st quarter valued at about $26,000. O Dell Group LLC purchased a new position in AGNC Investment during the 1st quarter valued at about $26,000. Private Trust Co. NA purchased a new position in AGNC Investment during the 2nd quarter valued at about $27,000. GPS Wealth Strategies Group LLC boosted its holdings in AGNC Investment by 50.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 3,000 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 1,000 shares during the period. Finally, Vectors Research Management LLC purchased a new position in AGNC Investment during the 2nd quarter valued at about $33,000. 43.36% of the stock is currently owned by hedge funds and other institutional investors.
AGNC Investment Stock Down 3.0 %
Shares of AGNC opened at $8.42 on Friday. AGNC Investment has a 52-week low of $8.39 and a 52-week high of $16.75. The company has a market capitalization of $4.40 billion, a PE ratio of -4.41 and a beta of 1.07. The stock has a fifty day simple moving average of $11.77 and a two-hundred day simple moving average of $11.91. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.02.
AGNC Investment (NASDAQ:AGNC – Get Rating) last released its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.24. The business had revenue of $315.00 million during the quarter, compared to analysts' expectations of $323.75 million. AGNC Investment had a positive return on equity of 20.36% and a negative net margin of 69.82%. The company's revenue was up 35.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. As a group, equities analysts forecast that AGNC Investment will post 2.69 EPS for the current year.
AGNC Investment Dividend Announcement
The firm also recently declared a sep 22 dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.12 per share. This represents a dividend yield of 12.8%. The ex-dividend date is Thursday, September 29th. AGNC Investment's dividend payout ratio is presently -75.39%.
AGNC Investment Company Profile
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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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