AGNC Investment Corporation (NASDAQ:AGNC – Get Rating) saw unusually large options trading activity on Friday. Equity investor He purchased 43,451 put options. That’s an increase of about 35% compared to his average daily volume of 32,072 put options.
AGNC investment price performance
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AGNC’s share price climbed $0.10 in intraday trading on Friday to reach $11.47. The company’s stock had a trading volume of 544,145 shares compared to his average trading volume of 10,175,891 shares. The stock has a market cap of $6.56 billion, a PE ratio of -3.18 and a beta of 1.15. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt to equity ratio of 0.02. AGNC Investment has a 52-week low of $7.30 and a 52-week high of $15.21. The company has a 50-day moving average of $10.26 and a 200-day moving average of $10.51.
AGNC Investments (NASDAQ:AGNC – Get Rating) last announced quarterly earnings data on Tuesday, October 25. Real estate investment trusts reported EPS of $0.84 for the quarter, beating analyst consensus expectations of $0.69 by $0.15. The company posted $177 million in revenue for the quarter, compared to consensus expectations of $363.05 million. AGNC Investments’ net profit margin was negative 128.56% and return on equity was 23.64%. AGNC Investments quarterly earnings declined 36.6% year-over-year. During the same quarter last year, the company earned his EPS of $0.75. Equity research analysts expect AGNC Investments to record 3.05 EPS this year.
Notice of AGNC Investment Dividend
The company recently announced a January 23rd dividend to be paid on Thursday, February 9th. Dividends of $0.12 per share will be issued to shareholders of record on Tuesday, January 31. The ex-dividend date is Monday, January 30. This represents a dividend yield of 12.7%. AGNC Investments’ payout ratio is currently -40.34%.
Institutional trading of AGNC investments
Hedge funds and other institutional investors have recently changed positions in the company. Strs Ohio increased his stake in AGNC Investment by 36.7% in the second quarter. Strs Ohio now owns 198,330 shares of the real estate investment trust worth $2,195,000 after he purchased an additional 53,296 shares during the last quarter. International Assets Investment Management LLC boosted his position in AGNC Investment shares by 221.1% in the third quarter. International Assets Investment Management LLC now owns 36,042 real estate investment trust shares valued at $303,000 after purchasing an additional 24,817 shares during this period. Cetera Investment Advisers boosted his position in AGNC Investment shares by 49.8% in the second quarter. Cetera Investment Advisers now owns 49,371 real estate investment trust shares valued at $547,000 after purchasing an additional 16,420 shares during this period. Newbridge Financial Services Group Inc. increased its position in AGNC Investment shares by 87.5% in the third quarter. Newbridge Financial Services Group Inc. now owns 21,973 real estate investment trust shares valued at $185,000 after purchasing an additional 10,253 shares during this period. Finally, Rothschild Investment Corp IL purchased a new position in his AGNC Investments stock worth approximately $118,000 in the third quarter. Institutional investors and hedge funds own 40.87% of the company’s shares.
Analyst sets new price target
A number of brokerage firms have recently issued reports on AGNC. Credit Suisse Group raised AGNC Investment’s price target to his $9.50 in a research report on Friday, Dec. 2. Maxim Group lowered its price target on AGNC Investment from $13.00 to $9.00 in a research note on Tuesday, October 11th. UBS Group lowered its price target on AGNC Investment shares to $8.50 in a research note on Friday, November 4th. BTIG Research lowered its price target on AGNC Investment from $9.50 to $9.00 in its research notes on Wednesday, October 26th. Finally, Barclays raised its price target for AGNC Investments from $9.00 to $12.00 in his Friday 6 January research report. Three research analysts rated the stock with a hold rating and four gave the company a buy rating. According to MarketBeat.com data, the stock currently has a consensus rating of “moderate buy” with an average target price of $10.55.
AGNC Investment Company Profile
AGNC Investment Corporation, formerly known as American Capital Agency Corporation, is a real estate investment trust. The Company invests in agency mortgage-backed securities on a leveraged basis. Its investments consist of mortgage pass-through securities and secured mortgage obligations (CMOs), with principal and interest payments made by government-sponsored companies such as the Federal National Mortgage Association (Fannie Mae) and federal mortgage mortgages. Guaranteed by Corporation (Freddie Mac), or a US government agency such as the Government National Mortgage Association (Ginnie Mae) (collectively GSE).
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