AGNC Investment Corp (NASDAQ:AGNC) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 15,255,430 shares, a growth of 39.3% from the July 14th total of 10,955,378 shares. Approximately 4.3% of the company’s shares are short sold. Based on an average daily volume of 4,747,599 shares, the short-interest ratio is presently 3.2 days.
A number of analysts recently weighed in on AGNC shares. Zacks Investment Research upgraded shares of AGNC Investment Corp from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, May 2nd. Deutsche Bank AG upped their target price on shares of AGNC Investment Corp from $18.50 to $19.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. BidaskClub lowered shares of AGNC Investment Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Maxim Group restated a “buy” rating and set a $21.25 target price on shares of AGNC Investment Corp in a research note on Thursday, July 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $19.50 target price on shares of AGNC Investment Corp in a research note on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $20.14.
In related news, Director Morris A. Davis sold 3,741 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $20.80, for a total transaction of $77,812.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Quadrature Capital Ltd purchased a new stake in shares of AGNC Investment Corp during the fourth quarter worth $373,000. Teachers Advisors LLC raised its position in AGNC Investment Corp by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 378,131 shares of the real estate investment trust’s stock worth $6,856,000 after buying an additional 17,810 shares in the last quarter. Macquarie Group Ltd. bought a new position in AGNC Investment Corp during the fourth quarter worth about $632,000. Murphy Capital Management Inc. raised its position in AGNC Investment Corp by 2.9% in the first quarter. Murphy Capital Management Inc. now owns 18,649 shares of the real estate investment trust’s stock worth $370,000 after buying an additional 519 shares in the last quarter. Finally, Bank of Montreal Can raised its position in AGNC Investment Corp by 24.6% in the first quarter. Bank of Montreal Can now owns 130,213 shares of the real estate investment trust’s stock worth $2,590,000 after buying an additional 25,735 shares in the last quarter. Institutional investors and hedge funds own 55.86% of the company’s stock.
Shares of AGNC Investment Corp (AGNC) opened at 21.25 on Friday. AGNC Investment Corp has a 12-month low of $17.30 and a 12-month high of $22.34. The stock has a 50 day moving average price of $21.38 and a 200 day moving average price of $20.39. The firm has a market capitalization of $7.56 billion, a P/E ratio of 4.45 and a beta of 0.20.
AGNC Investment Corp (NASDAQ:AGNC) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.07. AGNC Investment Corp had a return on equity of 0.95% and a net margin of 15.79%. The business had revenue of $181 million during the quarter, compared to the consensus estimate of $203.44 million. During the same period in the previous year, the business earned $0.73 EPS. The business’s quarterly revenue was down 16.6% on a year-over-year basis. Equities analysts anticipate that AGNC Investment Corp will post $2.49 earnings per share for the current fiscal year.
The company also recently declared a jul 17 dividend, which was paid on Monday, August 7th. Stockholders of record on Monday, July 31st were issued a $0.18 dividend. The ex-dividend date was Thursday, July 27th. AGNC Investment Corp’s dividend payout ratio (DPR) is 44.63%.
AGNC Investment Corp 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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