Stock Traders Buy Large Volume of Call Options on AGNC Investment (AGNC)
AGNC Investment Corp. (NASDAQ:AGNC) was the target of unusually large options trading on Monday. Stock traders bought 4,784 call options on the company. This represents an increase of 646% compared to the typical volume of 641 call options.
Shares of AGNC Investment (NASDAQ:AGNC) opened at $20.26 on Thursday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.05. AGNC Investment has a 12-month low of $17.30 and a 12-month high of $22.34. The firm has a market cap of $7,951.13, a price-to-earnings ratio of 8.00 and a beta of 0.14.
AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. AGNC Investment had a net margin of 145.02% and a return on equity of 12.00%. The firm had revenue of $178.00 million during the quarter, compared to analysts’ expectations of $177.50 million. During the same period in the prior year, the company earned $0.67 EPS. analysts anticipate that AGNC Investment will post 2.55 earnings per share for the current year.
The firm also recently declared a nov 17 dividend, which will be paid on Friday, December 8th. Investors of record on Thursday, November 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a yield of 11%. AGNC Investment’s dividend payout ratio (DPR) is 53.20%.
A number of analysts have recently commented on AGNC shares. Maxim Group restated a “buy” rating and set a $21.25 price objective on shares of AGNC Investment in a report on Friday, October 27th. Zacks Investment Research downgraded AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. BidaskClub upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Wells Fargo & Company restated a “market perform” rating and set a $19.00 price objective on shares of AGNC Investment in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.18.
A number of institutional investors have recently made changes to their positions in AGNC. FNY Managed Accounts LLC purchased a new stake in AGNC Investment during the 3rd quarter worth $104,000. Chicago Partners Investment Group LLC boosted its position in AGNC Investment by 227.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,900 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 4,100 shares during the period. Dana Investment Advisors Inc. purchased a new stake in AGNC Investment during the 3rd quarter worth $214,000. Capstone Asset Management Co. purchased a new stake in AGNC Investment during the 2nd quarter worth $219,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in AGNC Investment during the 3rd quarter worth $223,000. 65.74% of the stock is owned by hedge funds and other institutional investors.
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).
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