AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) saw a large growth in short interest in April. As of April 30th, there was short interest totalling 33,190,000 shares, a growth of 29.4% from the April 15th total of 25,650,000 shares. Approximately 6.4% of the shares of the company are short sold. Based on an average daily trading volume, of 10,880,000 shares, the days-to-cover ratio is currently 3.1 days.
AGNC stock opened at $12.29 on Tuesday. AGNC Investment has a twelve month low of $10.86 and a twelve month high of $18.84. The company has a quick ratio of 0.25, a current ratio of 0.27 and a debt-to-equity ratio of 0.02. The stock has a market cap of $6.43 billion, a P/E ratio of -6.57 and a beta of 1.05. The business’s 50-day moving average price is $12.52 and its 200-day moving average price is $14.12.
AGNC Investment (NASDAQ:AGNC – Get Rating) last posted its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.08. AGNC Investment had a positive return on equity of 18.40% and a negative net margin of 72.72%. During the same quarter in the previous year, the company posted $0.76 EPS. On average, equities research analysts expect that AGNC Investment will post 2.34 earnings per share for the current fiscal year.
Several equities research analysts recently commented on AGNC shares. Royal Bank of Canada reduced their price objective on AGNC Investment from $17.00 to $14.00 in a report on Monday. Maxim Group reduced their price objective on AGNC Investment from $17.00 to $13.00 in a report on Wednesday, May 4th. TheStreet downgraded AGNC Investment from a “c” rating to a “d+” rating in a report on Monday, January 31st. Barclays reduced their price objective on AGNC Investment from $15.00 to $13.00 in a report on Wednesday, April 27th. Finally, StockNews.com started coverage on AGNC Investment in a research note on Thursday, March 31st. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, AGNC Investment has an average rating of “Hold” and an average price target of $14.27.
Several hedge funds have recently bought and sold shares of AGNC. Norges Bank purchased a new position in shares of AGNC Investment during the 4th quarter valued at about $82,892,000. Qube Research & Technologies Ltd lifted its holdings in AGNC Investment by 236.3% in the 4th quarter. Qube Research & Technologies Ltd now owns 2,054,977 shares of the real estate investment trust’s stock worth $30,907,000 after purchasing an additional 1,443,904 shares in the last quarter. Equity Investment Corp lifted its holdings in AGNC Investment by 36.7% in the 1st quarter. Equity Investment Corp now owns 4,014,444 shares of the real estate investment trust’s stock worth $52,589,000 after purchasing an additional 1,076,783 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in AGNC Investment in the 4th quarter worth approximately $14,739,000. Finally, Northern Trust Corp lifted its holdings in AGNC Investment by 24.1% in the 1st quarter. Northern Trust Corp now owns 4,705,963 shares of the real estate investment trust’s stock worth $61,648,000 after purchasing an additional 914,711 shares in the last quarter. 47.52% of the stock is currently owned by hedge funds and other institutional investors.
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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