AGNC Investment Corp. (NASDAQ:AGNC) was the target of a significant increase in short interest in the month of January. As of January 12th, there was short interest totalling 14,841,531 shares, an increase of 34.7% from the December 29th total of 11,014,883 shares. Based on an average trading volume of 4,120,318 shares, the days-to-cover ratio is currently 3.6 days. Approximately 3.8% of the company’s shares are short sold.
Several large investors have recently added to or reduced their stakes in AGNC. Teachers Advisors LLC boosted its holdings in shares of AGNC Investment by 9.7% in the 2nd quarter. Teachers Advisors LLC now owns 447,823 shares of the real estate investment trust’s stock valued at $9,534,000 after buying an additional 39,701 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in AGNC Investment in the 2nd quarter worth approximately $730,000. Balasa Dinverno & Foltz LLC acquired a new stake in AGNC Investment in the 3rd quarter worth approximately $1,354,000. Aperio Group LLC boosted its stake in AGNC Investment by 38.3% in the 3rd quarter. Aperio Group LLC now owns 1,543,880 shares of the real estate investment trust’s stock worth $33,471,000 after purchasing an additional 427,944 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in AGNC Investment in the 3rd quarter worth approximately $223,000. Institutional investors and hedge funds own 65.60% of the company’s stock.
AGNC Investment (NASDAQ:AGNC) opened at $18.86 on Tuesday. AGNC Investment has a 1-year low of $17.94 and a 1-year high of $22.34. The stock has a market cap of $7,380.00, a PE ratio of 9.62 and a beta of -0.01. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.05.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. AGNC Investment had a net margin of 86.72% and a return on equity of 12.17%. The business had revenue of $212.00 million for the quarter, compared to analysts’ expectations of $204.32 million. During the same period last year, the business earned $0.64 EPS. equities analysts anticipate that AGNC Investment will post 2.41 earnings per share for the current year.
The company also recently declared a jan 18 dividend, which was paid on Thursday, February 8th. Stockholders of record on Wednesday, January 31st were issued a $0.18 dividend. This represents a dividend yield of 11.09%. The ex-dividend date was Tuesday, January 30th. AGNC Investment’s dividend payout ratio is currently 110.20%.
Several brokerages have recently weighed in on AGNC. Barclays reduced their target price on shares of AGNC Investment from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.50 price target on shares of AGNC Investment in a research note on Thursday, February 1st. Bank of America raised shares of AGNC Investment from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 1st. Maxim Group reaffirmed a “buy” rating and issued a $21.25 price target on shares of AGNC Investment in a research note on Thursday, February 1st. Finally, BidaskClub downgraded shares of AGNC Investment from a “sell” rating to a “strong sell” rating in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.63.
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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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