AGNC Investment (NASDAQ:AGNC) Hits New 12-Month High – What’s Next?

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $12.01 and last traded at $11.9450, with a volume of 5656612 shares trading hands. The stock had previously closed at $11.80.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Piper Sandler lifted their price objective on shares of AGNC Investment from $11.00 to $11.50 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Wall Street Zen downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Barclays raised their price target on AGNC Investment from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Finally, BTIG Research downgraded AGNC Investment from a “buy” rating to a “neutral” rating in a report on Tuesday, January 6th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AGNC Investment has an average rating of “Hold” and an average target price of $10.41.

AGNC Investment Price Performance

The stock’s 50-day moving average is $10.84 and its 200 day moving average is $10.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $12.85 billion, a PE ratio of 17.86 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $995.00 million during the quarter, compared to analysts’ expectations of $354.75 million. AGNC Investment had a net margin of 24.40% and a return on equity of 18.84%. As a group, equities analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th will be paid a $0.12 dividend. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 12.0%. AGNC Investment’s payout ratio is currently 214.93%.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors and hedge funds have recently made changes to their positions in AGNC. Norges Bank acquired a new position in shares of AGNC Investment during the second quarter worth about $109,814,000. SG Americas Securities LLC lifted its position in AGNC Investment by 19,632.0% in the fourth quarter. SG Americas Securities LLC now owns 3,108,188 shares of the real estate investment trust’s stock valued at $33,320,000 after purchasing an additional 3,092,436 shares during the period. Geode Capital Management LLC boosted its holdings in AGNC Investment by 10.9% in the 2nd 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 purchasing an additional 2,461,255 shares in the last quarter. Equity Investment Corp boosted its holdings in AGNC Investment by 27.0% in the 2nd quarter. Equity Investment Corp now owns 9,390,450 shares of the real estate investment trust’s stock valued at $86,298,000 after purchasing an additional 1,995,369 shares in the last quarter. Finally, State Street Corp increased its position in AGNC Investment by 12.9% during the 2nd 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 period. 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.