AGNC Investment Corp. (AGNC) Short Interest Update
AGNC Investment Corp. (NASDAQ:AGNC) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 18,841,043 shares, an increase of 26.9% from the January 12th total of 14,841,531 shares. Currently, 4.8% of the company’s stock are short sold. Based on an average daily volume of 4,745,018 shares, the days-to-cover ratio is presently 4.0 days.
A number of analysts recently issued reports on AGNC shares. Zacks Investment Research raised AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Tuesday, October 24th. Maxim Group reaffirmed a “buy” rating and set a $21.25 price target on shares of AGNC Investment in a research note on Friday, October 27th. BidaskClub raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Bank of America raised shares of AGNC Investment from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 1st. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $19.00 price target on shares of AGNC Investment in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.63.
AGNC Investment (NASDAQ AGNC) opened at $18.94 on Wednesday. The firm has a market cap of $7,410.00, a P/E ratio of 9.66 and a beta of -0.01. AGNC Investment has a 52 week low of $17.94 and a 52 week high of $22.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.24 and a current ratio of 0.24.
The firm also recently declared a feb 18 dividend, which will be paid on Thursday, March 8th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, February 27th. AGNC Investment’s dividend payout ratio is currently 110.20%.
In related news, CFO Peter J. Federico sold 13,500 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $18.54, for a total transaction of $250,290.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Brookstone Capital Management grew its stake in shares of AGNC Investment by 19.2% in the third quarter. Brookstone Capital Management now owns 15,599 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 2,517 shares in the last quarter. Summit Securities Group LLC grew its stake in shares of AGNC Investment by 25.2% in the third quarter. Summit Securities Group LLC now owns 13,400 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 2,700 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of AGNC Investment by 4.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 66,102 shares of the real estate investment trust’s stock valued at $1,335,000 after buying an additional 2,844 shares in the last quarter. Rhumbline Advisers grew its stake in shares of AGNC Investment by 0.9% in the fourth quarter. Rhumbline Advisers now owns 369,019 shares of the real estate investment trust’s stock valued at $7,450,000 after buying an additional 3,222 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of AGNC Investment by 15.6% in the fourth quarter. MML Investors Services LLC now owns 24,859 shares of the real estate investment trust’s stock valued at $502,000 after buying an additional 3,359 shares in the last quarter. 65.60% of the stock is owned by institutional investors.
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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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