AGNC Investment (NASDAQ:AGNC) Reaches New 52-Week High – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $10.95 and last traded at $10.9750, with a volume of 13978124 shares changing hands. The stock had previously closed at $10.72.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AGNC. Wall Street Zen lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research note on Monday. Piper Sandler raised their price target on AGNC Investment from $10.50 to $11.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. Jones Trading reaffirmed a “buy” rating and set a $10.00 price objective on shares of AGNC Investment in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada raised their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.39.

AGNC Investment Stock Performance

The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $10.39 and a 200 day moving average price of $9.94. The stock has a market cap of $11.78 billion, a PE ratio of 16.38 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $836.00 million during the quarter, compared to analysts’ expectations of $466.39 million. AGNC Investment had a return on equity of 18.84% and a net margin of 24.40%.During the same period last year, the company earned $0.43 earnings per share. As a group, research analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, January 12th. Stockholders of record on Wednesday, December 31st will be issued a $0.12 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. AGNC Investment’s dividend payout ratio (DPR) is currently 214.93%.

Insider Buying and Selling at AGNC Investment

In related news, CEO Peter J. Federico sold 45,798 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $10.27, for a total transaction of $470,345.46. Following the completion of the sale, the chief executive officer directly owned 1,557,401 shares in the company, valued at $15,994,508.27. This represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.42% of the stock is owned by company insiders.

Institutional Trading of AGNC Investment

Several hedge funds have recently modified their holdings of AGNC. Vanguard Group Inc. grew its position in shares of AGNC Investment by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 96,440,345 shares of the real estate investment trust’s stock worth $944,151,000 after buying an additional 1,591,465 shares during the last quarter. Kingstone Capital Partners Texas LLC boosted its stake in AGNC Investment by 241,567.4% in the second quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust’s stock valued at $446,651,000 after acquiring an additional 46,368,867 shares in the last quarter. Geode Capital Management LLC boosted its stake in AGNC Investment by 10.9% in the second quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock valued at $229,990,000 after acquiring an additional 2,461,255 shares in the last quarter. State Street Corp grew its holdings in AGNC Investment by 12.9% in the second quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock worth $155,383,000 after purchasing an additional 1,906,785 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of AGNC Investment during the second quarter worth $109,814,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

About AGNC Investment

AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.

Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.