AGNC Investment Sees Unusually High Options Volume (NASDAQ:AGNC)

AGNC Investment Corp. (NASDAQ:AGNCGet Rating) was the recipient of unusually large options trading on Friday. Stock investors acquired 43,451 put options on the company. This represents an increase of 35% compared to the typical volume of 32,072 put options.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $11.53 on Friday. AGNC Investment has a fifty-two week low of $7.30 and a fifty-two week high of $15.21. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of -3.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.25 and a current ratio of 0.25. The firm’s 50-day simple moving average is $10.30 and its 200 day simple moving average is $10.51.

AGNC Investment (NASDAQ:AGNCGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.15. AGNC Investment had a negative net margin of 128.56% and a positive return on equity of 23.64%. The business had revenue of $177.00 million for the quarter, compared to analysts’ expectations of $363.05 million. During the same quarter last year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was down 36.6% compared to the same quarter last year. As a group, research analysts anticipate that AGNC Investment will post 3.05 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a jan 23 dividend, which will be paid on Thursday, February 9th. Investors of record on Tuesday, January 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, January 30th. This represents a yield of 12.7%. AGNC Investment’s payout ratio is -40.34%.

Hedge Funds Weigh In On AGNC Investment

Several large investors have recently added to or reduced their stakes in AGNC. Howard Financial Services LTD. increased its stake in AGNC Investment by 2.4% in the 2nd quarter. Howard Financial Services LTD. now owns 39,368 shares of the real estate investment trust’s stock valued at $436,000 after buying an additional 907 shares during the last quarter. SVB Wealth LLC increased its stake in AGNC Investment by 2.3% in the 2nd quarter. SVB Wealth LLC now owns 42,396 shares of the real estate investment trust’s stock valued at $469,000 after buying an additional 959 shares during the last quarter. CWM LLC increased its stake in AGNC Investment by 14.4% in the 2nd quarter. CWM LLC now owns 7,635 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 963 shares during the last quarter. GPS Wealth Strategies Group LLC increased its stake in AGNC Investment by 50.0% in 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 buying an additional 1,000 shares during the last quarter. Finally, NTB Financial Corp increased its stake in AGNC Investment by 5.3% in the 2nd quarter. NTB Financial Corp now owns 25,901 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 1,300 shares during the last quarter. Institutional investors own 40.87% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AGNC. Maxim Group decreased their price target on AGNC Investment from $13.00 to $9.00 in a report on Tuesday, October 11th. UBS Group decreased their price target on AGNC Investment to $8.50 in a report on Friday, November 4th. Credit Suisse Group increased their price target on AGNC Investment to $9.50 in a report on Friday, December 2nd. Piper Sandler cut their price objective on shares of AGNC Investment from $13.00 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, September 30th. Finally, StockNews.com began coverage on shares of AGNC Investment in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.55.

AGNC Investment Company Profile

(Get Rating)

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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