AGNC Investment Corp. (AGNC) Short Interest Up 15.6% in September
AGNC Investment Corp. (NASDAQ:AGNC) was the recipient of a large increase in short interest during the month of September. As of September 14th, there was short interest totalling 16,860,809 shares, an increase of 15.6% from the August 31st total of 14,580,770 shares. Based on an average daily trading volume, of 4,229,794 shares, the days-to-cover ratio is presently 4.0 days. Currently, 3.5% of the company’s shares are sold short.
In other news, Director Morris A. Davis sold 6,797 shares of AGNC Investment stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $19.12, for a total value of $129,958.64. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.40% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AGNC. State Treasurer State of Michigan lifted its stake in shares of AGNC Investment by 31.4% in the 2nd quarter. State Treasurer State of Michigan now owns 18,541,100 shares of the real estate investment trust’s stock valued at $344,679,000 after purchasing an additional 4,435,300 shares during the period. BlackRock Inc. lifted its stake in shares of AGNC Investment by 8.0% in the 2nd quarter. BlackRock Inc. now owns 37,567,717 shares of the real estate investment trust’s stock valued at $698,383,000 after purchasing an additional 2,787,637 shares during the period. Wells Fargo & Company MN lifted its stake in shares of AGNC Investment by 33.0% in the 2nd quarter. Wells Fargo & Company MN now owns 10,365,601 shares of the real estate investment trust’s stock valued at $192,696,000 after purchasing an additional 2,574,569 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of AGNC Investment by 88.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,541,339 shares of the real estate investment trust’s stock valued at $28,653,000 after purchasing an additional 725,492 shares during the period. Finally, Bank of Montreal Can purchased a new position in shares of AGNC Investment in the 2nd quarter valued at approximately $13,027,000. Institutional investors own 57.71% of the company’s stock.
AGNC Investment (NASDAQ:AGNC) last released its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. The company had revenue of $177.00 million during the quarter, compared to analysts’ expectations of $274.15 million. AGNC Investment had a return on equity of 11.69% and a net margin of 134.01%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. research analysts expect that AGNC Investment will post 2.44 earnings per share for the current fiscal year.
The company also recently announced a sep 18 dividend, which will be paid on Tuesday, October 9th. Stockholders of record on Friday, September 28th will be paid a $0.18 dividend. This represents a dividend yield of 11.44%. The ex-dividend date of this dividend is Thursday, September 27th. AGNC Investment’s payout ratio is presently 87.80%.
A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Monday, June 25th. Barclays reiterated a “hold” rating and issued a $19.00 price objective on shares of AGNC Investment in a research report on Wednesday, September 12th. Maxim Group lifted their price objective on AGNC Investment from $19.25 to $19.75 and gave the stock a “buy” rating in a research report on Friday, July 27th. ValuEngine lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. Finally, JPMorgan Chase & Co. lifted their price objective on AGNC Investment from $18.00 to $18.50 and gave the stock a “$19.11” rating in a research report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. AGNC Investment has an average rating of “Hold” and a consensus price target of $19.46.
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 Article: How to Invest in Growth Stocks
Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.