Short Interest in AGNC Investment Corp. (NASDAQ:AGNC) Decreases By 16.3%

AGNC Investment Corp. (NASDAQ:AGNC - Get Free Report) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 42,250,000 shares, a drop of 16.3% from the October 31st total of 50,470,000 shares. Based on an average trading volume of 18,200,000 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Investors Weigh In On AGNC Investment

A number of institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of AGNC Investment by 9.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 351,975 shares of the real estate investment trust's stock valued at $3,485,000 after buying an additional 30,647 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of AGNC Investment by 1.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 274,631 shares of the real estate investment trust's stock worth $2,719,000 after purchasing an additional 4,035 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of AGNC Investment by 11.8% during the 1st quarter. Janus Henderson Group PLC now owns 310,813 shares of the real estate investment trust's stock worth $3,072,000 after purchasing an additional 32,905 shares during the period. California State Teachers Retirement System increased its holdings in shares of AGNC Investment by 3.5% in the 1st quarter. California State Teachers Retirement System now owns 674,005 shares of the real estate investment trust's stock valued at $6,673,000 after purchasing an additional 23,074 shares in the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of AGNC Investment in the first quarter valued at about $108,000. Hedge funds and other institutional investors own 38.28% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research report on Wednesday, August 28th. StockNews.com lowered AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. Finally, Royal Bank of Canada boosted their target price on AGNC Investment from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, AGNC Investment presently has a consensus rating of "Moderate Buy" and an average target price of $10.33.

AGNC Investment Stock Performance

AGNC Investment stock traded down $0.10 during mid-day trading on Friday, reaching $9.66. 9,931,620 shares of the company were exchanged, compared to its average volume of 14,103,866. The firm's 50-day simple moving average is $9.95 and its two-hundred day simple moving average is $9.97. AGNC Investment has a twelve month low of $8.79 and a twelve month high of $10.85. The firm has a market cap of $8.56 billion, a PE ratio of 6.71 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same period in the prior year, the business earned $0.65 earnings per share. Equities analysts predict that AGNC Investment will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a yield of 14.9%. AGNC Investment's dividend payout ratio is currently 100.00%.

AGNC Investment Company Profile

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).