AGNC Investment Corp. (NASDAQ:AGNC) Short Interest Up 85.4% in August

AGNC Investment Corp. (NASDAQ:AGNCGet Rating) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 18,870,000 shares, an increase of 85.4% from the August 15th total of 10,180,000 shares. Currently, 3.6% of the company’s shares are short sold. Based on an average trading volume of 9,640,000 shares, the short-interest ratio is presently 2.0 days.

Institutional Trading of AGNC Investment

Several institutional investors and hedge funds have recently modified their holdings of AGNC. Lazard Asset Management LLC bought a new stake in shares of AGNC Investment during the fourth quarter valued at approximately $31,000. HighTower Advisors LLC increased its holdings in AGNC Investment by 190.1% during the fourth quarter. HighTower Advisors LLC now owns 170,857 shares of the real estate investment trust’s stock valued at $2,571,000 after buying an additional 111,960 shares during the period. Teacher Retirement System of Texas increased its holdings in AGNC Investment by 21.9% during the fourth quarter. Teacher Retirement System of Texas now owns 101,677 shares of the real estate investment trust’s stock valued at $1,529,000 after buying an additional 18,265 shares during the period. Pictet Asset Management SA increased its holdings in AGNC Investment by 22.5% during the fourth quarter. Pictet Asset Management SA now owns 476,853 shares of the real estate investment trust’s stock valued at $7,172,000 after buying an additional 87,688 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in AGNC Investment by 15.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,459,699 shares of the real estate investment trust’s stock valued at $52,034,000 after buying an additional 474,675 shares during the period. Institutional investors own 43.36% of the company’s stock.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $11.55 on Thursday. 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 company has a market cap of $6.04 billion, a P/E ratio of -6.05 and a beta of 1.07. AGNC Investment has a 1 year low of $9.99 and a 1 year high of $16.75. The firm has a 50-day simple moving average of $12.13 and a two-hundred day simple moving average of $12.16.

AGNC Investment (NASDAQ:AGNCGet Rating) last posted its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.24. AGNC Investment had a negative net margin of 69.82% and a positive return on equity of 20.36%. The firm had revenue of $315.00 million during the quarter, compared to the consensus estimate of $323.75 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s revenue was up 35.8% on a year-over-year basis. Research analysts anticipate that AGNC Investment will post 2.69 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a sep 22 dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.12 per share. AGNC Investment’s dividend payout ratio is presently -75.39%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised shares of AGNC Investment from a “market perform” rating to an “outperform” rating and increased their price target for the company from $12.25 to $13.25 in a report on Wednesday, June 8th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, AGNC Investment presently has a consensus rating of “Hold” and an average target price of $13.00.

About AGNC Investment

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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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