AGNC Investment Corp (NASDAQ:AGNC) was the recipient of a significant growth in short interest during the month of July. As of July 14th, there was short interest totalling 10,955,378 shares, a growth of 18.0% from the June 30th total of 9,283,019 shares. Based on an average daily trading volume, of 3,492,482 shares, the days-to-cover ratio is presently 3.1 days. Currently, 3.1% of the company’s stock are short sold.
Several institutional investors have recently modified their holdings of the company. Exane Derivatives raised its stake in shares of AGNC Investment Corp by 2.0% in the 1st quarter. Exane Derivatives now owns 14,187 shares of the real estate investment trust’s stock valued at $282,000 after purchasing an additional 278 shares in the last quarter. Tocqueville Asset Management L.P. raised its stake in shares of AGNC Investment Corp by 2.1% in the 1st quarter. Tocqueville Asset Management L.P. now owns 14,300 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 300 shares in the last quarter. World Asset Management Inc raised its stake in shares of AGNC Investment Corp by 1.8% in the 1st quarter. World Asset Management Inc now owns 18,670 shares of the real estate investment trust’s stock valued at $371,000 after purchasing an additional 334 shares in the last quarter. Pekin Singer Strauss Asset Management IL raised its stake in shares of AGNC Investment Corp by 2.6% in the 4th quarter. Pekin Singer Strauss Asset Management IL now owns 19,430 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 500 shares in the last quarter. Finally, Murphy Capital Management Inc. raised its stake in shares of AGNC Investment Corp by 2.9% in the 1st quarter. Murphy Capital Management Inc. now owns 18,649 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 519 shares in the last quarter. Institutional investors and hedge funds own 56.10% of the company’s stock.
Shares of AGNC Investment Corp (NASDAQ:AGNC) traded up 0.78% during trading on Tuesday, hitting $21.88. The company’s stock had a trading volume of 4,249,513 shares. AGNC Investment Corp has a 52 week low of $17.30 and a 52 week high of $22.34.
AGNC Investment Corp (NASDAQ:AGNC) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. The business had revenue of $181.00 million for the quarter, compared to analyst estimates of $203.44 million. AGNC Investment Corp had a net margin of 15.79% and a return on equity of 0.95%. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 EPS. On average, equities analysts predict that AGNC Investment Corp will post $2.53 earnings per share for the current fiscal year.
The business also recently announced a sep 17 dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th will be paid a $0.18 dividend. The ex-dividend date is Thursday, September 28th. AGNC Investment Corp’s dividend payout ratio (DPR) is presently 44.63%.
Several research firms recently commented on AGNC. Credit Suisse Group reissued a “hold” rating and issued a $20.00 target price on shares of AGNC Investment Corp in a report on Friday, July 28th. BidaskClub lowered AGNC Investment Corp from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Maxim Group reissued a “buy” rating and issued a $21.25 target price on shares of AGNC Investment Corp in a report on Thursday, July 27th. Zacks Investment Research lowered AGNC Investment Corp from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $19.00 target price on shares of AGNC Investment Corp in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.14.
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About AGNC Investment Corp
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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