AGNC Investment Corp. (NASDAQ:AGNC – Get Rating ) saw a significant increase in short interest during the month of July. Short volume was 17,730,000 shares as of July 31st, up 16.1% from the July 15th volume of 15,270,000 shares. Based on the average daily volume of 12,680,000 shares, the short interest is currently 1.4 days . Currently, 3.4% of shares are sold short.
AGNC Investment Trading rose 0.8%
Shares of AGNC traded up $0.10 during mid-day trading on Friday, hitting $12.78. The trading volume of the company’s shares was 4,547,364 shares compared to the average volume of 8,886,507 shares. AGNC Investment has a 1 year low of $9.99. US and a 1-year high of $16.75. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.24, and a quick ratio of 0.24. The business has a fifty day moving average of $11.73. US and 200-day moving average $12.45.
AGNC Investment (NASDAQ:AGNC – Get Rating ) last posted its earnings results on Monday, July 25th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.24. The company had revenue of $315.00 million during the quarter, compared to analysts’ estimates of $323.75 million. AGNC Investment had a negative net return of 69.82% and a positive return on equity of 20.36%. The company’s revenue for the quarter increased by 35.8% compared to the same period last year. During the same quarter last year, the business earned $0.76 per share. sell-side analysts predict that AGNC Investment will post 2.7 EPS for the current fiscal year.
AGNC Investment Dividend Announcement
The firm also recently announced a dividend for August 22nd, which will be paid on Monday, September 12th. Investors of record on Wednesday, August 31st will be paid $0.12. US dividends. The ex-dividend date is Tuesday, August 30. AGNC Investment’s payout ratio is currently -75.39%.
Institutional inflows and outflows
Institutional investors have recently made changes to their positions in the stock. Joseph P. Lucia & Associates LLC purchased a new position in AGNC Investment during the first quarter valued at about $26,000. O Dell Group LLC purchased a new stake in shares of AGNC Investment in the first quarter valued at $26,000. Lazard Asset Management LLC acquired a new position in shares of AGNC Investment in the fourth quarter valued at about $31,000. GPS Wealth Strategies Group LLC boosted its position in AGNC Investment by 50.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 3,000 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Vectors Research Management LLC acquired a new stake in AGNC Investment in the 2nd quarter valued at approximately $33,000. 47.52% of shares belong to institutional investors.
A Wall Street analyst weighs in
Several equities analysts have issued reports on AGNC shares. Barclays cut their price objective on AGNC Investment from $15.00 to $13.00 in a report on Wednesday, April 27th. Credit Suisse Group cut their target price on shares of AGNC Investment to $12.50 and set a “hold” rating in a research report on Monday, May 16th. Keefe, Bruyette & Woods upgraded shares of AGNC Investment from a “market perform” rating to an “outperform” rating and upped their target price for the company from $12.25 to $13.25 in a research report on Wednesday, June 8th. Piper Sandler raised shares of AGNC Investment from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $13.50 to $13.00 in a report on Thursday, May 5th. Finally, Royal Bank of Canada cut their price target on shares of AGNC Investment from $17.00 to $14.00 in a report on Monday, May 16th. Five analysts have rated the stock with a “hold” rating and three have assigned a “buy” rating to the stock. AGNC Investment currently has an average rating of “Hold” and an average target price of $13.00, according to MarketBeat .
About AGNC Investment
AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The company invests in residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage-backed securities and collateralized mortgage obligations (CMOs), in which the payment of principal and interest is guaranteed by a government-sponsored entity such as the Federal National Mortgage Association (Fannie Mae) and the Federal Reserve Bank. Corporation (Freddie Mac) or a United States government agency such as the Government National Mortgage Association (Ginnie Mae) (collectively, the GSEs).
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