AGNC Investment Corp (NASDAQ:AGNC) saw a large decrease in short interest in September. As of September 29th, there was short interest totalling 17,288,536 shares, a decrease of 12.6% from the September 15th total of 19,777,137 shares. Approximately 4.4% of the company’s shares are short sold. Based on an average daily volume of 5,365,325 shares, the short-interest ratio is currently 3.2 days.
Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in AGNC Investment Corp by 24.3% in the first quarter. Tower Research Capital LLC TRC now owns 5,584 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 1,090 shares during the last quarter. Capstone Asset Management Co. bought a new stake in AGNC Investment Corp in the second quarter valued at about $219,000. Crossmark Global Holdings Inc. bought a new stake in AGNC Investment Corp in the third quarter valued at about $223,000. Level Four Advisory Services LLC increased its holdings in AGNC Investment Corp by 8.5% in the first quarter. Level Four Advisory Services LLC now owns 11,648 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 913 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in AGNC Investment Corp in the first quarter valued at about $315,000. 55.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of AGNC Investment Corp (NASDAQ AGNC) opened at 20.53 on Friday. The stock’s 50 day moving average is $21.55 and its 200-day moving average is $21.19. AGNC Investment Corp has a 52-week low of $17.30 and a 52-week high of $22.34. The firm has a market cap of $7.30 billion, a P/E ratio of 4.29 and a beta of 0.20.
AGNC Investment Corp (NASDAQ:AGNC) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The business had revenue of $178.00 million for the quarter, compared to analyst estimates of $177.50 million. AGNC Investment Corp had a return on equity of 12.50% and a net margin of 145.02%. During the same quarter in the previous year, the firm earned $0.67 EPS. Equities analysts anticipate that AGNC Investment Corp will post $2.53 earnings per share for the current fiscal year.
The company also recently declared a oct 17 dividend, which will be paid on Thursday, November 9th. Stockholders of record on Tuesday, October 31st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, October 30th. AGNC Investment Corp’s dividend payout ratio (DPR) is presently 53.20%.
A number of research analysts have issued reports on AGNC shares. Zacks Investment Research upgraded shares of AGNC Investment Corp from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a report on Tuesday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $19.00 price objective on shares of AGNC Investment Corp in a report on Tuesday, July 4th. Maxim Group reiterated a “buy” rating on shares of AGNC Investment Corp in a report on Friday. Finally, BidaskClub downgraded shares of AGNC Investment Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. AGNC Investment Corp currently has a consensus rating of “Hold” and a consensus target price of $20.28.
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About AGNC Investment Corp
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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