AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) saw some unusual options trading activity on Friday. Investors purchased 52,821 put options on the stock. This is an increase of approximately 286% compared to the typical volume of 13,669 put options.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods upgraded shares of AGNC Investment from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $12.25 to $13.25 in a research note on Wednesday, June 8th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.00.
AGNC Investment Price Performance
Shares of AGNC Investment stock opened at $10.77 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $12.09 and its two-hundred day moving average price is $12.08. AGNC Investment has a 52 week low of $9.99 and a 52 week high of $16.75. The stock has a market cap of $5.63 billion, a PE ratio of -5.64 and a beta of 1.07.
AGNC Investment (NASDAQ:AGNC – Get Rating) last issued its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.83 EPS for the quarter, topping the consensus estimate of $0.59 by $0.24. AGNC Investment had a negative net margin of 69.82% and a positive return on equity of 20.36%. The firm had revenue of $315.00 million for the quarter, compared to analysts’ expectations of $323.75 million. During the same period in the previous year, the business earned $0.76 earnings per share. AGNC Investment’s revenue for the quarter was up 35.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that AGNC Investment will post 2.69 EPS for the current fiscal year.
AGNC Investment Dividend Announcement
The firm also recently declared a sep 22 dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Friday, September 30th will be given a $0.12 dividend. This represents a yield of 12.8%. The ex-dividend date is Thursday, September 29th. AGNC Investment’s dividend payout ratio (DPR) is presently -75.39%.
Institutional Investors Weigh In On AGNC Investment
Hedge funds and other institutional investors have recently bought and sold shares of the business. Centiva Capital LP increased its stake in AGNC Investment by 698.0% in the 2nd quarter. Centiva Capital LP now owns 2,990,016 shares of the real estate investment trust’s stock worth $33,100,000 after purchasing an additional 3,490,016 shares in the last quarter. Northern Trust Corp grew its stake in shares of AGNC Investment by 28.6% in the 2nd quarter. Northern Trust Corp now owns 6,052,716 shares of the real estate investment trust’s stock valued at $67,004,000 after buying an additional 1,346,753 shares in the last quarter. Swiss National Bank acquired a new stake in AGNC Investment in the 2nd quarter worth approximately $13,630,000. Equity Investment Corp lifted its holdings in AGNC Investment by 36.7% in the 1st quarter. Equity Investment Corp now owns 4,014,444 shares of the real estate investment trust’s stock worth $52,589,000 after purchasing an additional 1,076,783 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in AGNC Investment by 117.2% in the 4th quarter. Invesco Ltd. now owns 1,624,230 shares of the real estate investment trust’s stock worth $24,429,000 after purchasing an additional 876,465 shares during the last quarter. 43.36% of the stock is currently owned by institutional investors.
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).
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider AGNC Investment, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and AGNC Investment wasn’t on the list.
While AGNC Investment currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Read More: Stock Traders Buy High Volume of AGNC Investment Put Options (NASDAQ:AGNC)