AGNC Investment (NASDAQ:AGNC) Reaches New 52-Week High – Here’s What Happened

AGNC Investment Corp. (NASDAQ:AGNC)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $10.89 and last traded at $10.8750, with a volume of 111233 shares traded. The stock had previously closed at $10.84.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Piper Sandler raised their target price on shares of AGNC Investment from $10.50 to $11.00 and gave the stock an “overweight” rating in a report on Monday. Royal Bank Of Canada boosted their price objective on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Jones Trading reaffirmed a “buy” rating and set a $10.00 price objective on shares of AGNC Investment in a research note on Tuesday, October 21st. UBS Group lifted their target price on shares of AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. lifted their target price 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. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.39.

AGNC Investment Stock Up 0.3%

The company has a 50-day moving average of $10.32 and a 200-day moving average of $9.89. The company has a market capitalization of $11.67 billion, a price-to-earnings ratio of 16.23 and a beta of 1.36. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $836.00 million for the quarter, compared to analysts’ expectations of $466.39 million. AGNC Investment had a return on equity of 18.84% and a net margin of 24.40%.During the same period in the previous year, the company earned $0.43 EPS. On average, equities analysts predict that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 13.2%. AGNC Investment’s dividend payout ratio (DPR) is 214.93%.

Insider Transactions at AGNC Investment

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $10.27, for a total transaction of $470,345.46. Following the sale, the chief executive officer owned 1,557,401 shares in the company, valued at approximately $15,994,508.27. This represents a 2.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On AGNC Investment

Several institutional investors and hedge funds have recently bought and sold shares of AGNC. Wellington Management Group LLP purchased a new position in AGNC Investment in the 1st quarter worth approximately $487,000. Hsbc Holdings PLC lifted its stake in AGNC Investment by 30.6% during the first quarter. Hsbc Holdings PLC now owns 23,849 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 5,590 shares during the last quarter. Compound Planning Inc. raised its stake in AGNC Investment by 6.6% during the first quarter. Compound Planning Inc. now owns 25,127 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 1,551 shares during the period. Kestra Advisory Services LLC lifted its holdings in AGNC Investment by 4.3% in the first quarter. Kestra Advisory Services LLC now owns 197,927 shares of the real estate investment trust’s stock worth $1,896,000 after acquiring an additional 8,168 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in AGNC Investment in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Company Profile

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.