AGNC Investment Corp. (NASDAQ: AGNC) stock fell -1.35% on Thursday to $8.75 against a previous-day closing price of $8.87. With 15.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 11.32 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $8.85 whereas the lowest price it dropped to was $8.57. The 52-week range on AGNC shows that it touched its highest point at $12.89 and its lowest point at $7.30 during that stretch. It currently has a 1-year price target of $10.38. With its current market cap of 5.25 billion, AGNC has annualized dividend of $1.44 while the current yield stands at 16.46%. Beta for the stock currently stands at 1.22.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AGNC was down-trending over the past week, with a drop of -5.71%, but this was down by -10.53% over a month. Three-month performance dropped to -21.17% while six-month performance fell -7.89%. The stock lost -26.59% in the past year, while it has lost -15.46% so far this year. A look at the trailing 12-month EPS for AGNC yields -1.56 with Next year EPS estimates of 2.24. For the next quarter, that number is 0.62. This implies an EPS growth rate of -296.90% for this year and -10.80% for next year. EPS is expected to decline by -1.81% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -26.00%.
Float and Shares Shorts:
At present, 579.30 million AGNC shares are outstanding with a float of 569.35 million shares on hand for trading. On May 14, 2023, short shares totaled 25.43 million, which was 4.27% higher than short shares on Apr 13, 2023. In addition to Mr. Gary D. Kain as the firm’s Exec. Chairman, Mr. Peter J. Federico serves as its Pres, CEO & Director.
Through their ownership of 45.45% of AGNC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 24.44% of AGNC, in contrast to 21.39% held by mutual funds. Shares owned by individuals account for 0.96%. As the largest shareholder in AGNC with 9.48% of the stake, The Vanguard Group, Inc. holds 54,460,913 shares worth 54,460,913. A second-largest stockholder of AGNC, BlackRock Fund Advisors, holds 29,316,616 shares, controlling over 5.10% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in AGNC, holding 14,935,613 shares or 2.60% stake. With a 3.12% stake in AGNC, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 17,914,133 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.62% of AGNC stock, is the second-largest Mutual Fund holder. It holds 15,038,115 shares valued at 149.03 million. Vanguard Small Cap Value Index Fu holds 1.83% of the stake in AGNC, owning 10,538,672 shares worth 104.44 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AGNC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AGNC analysts setting a high price target of $11.25 and a low target of $9.50, the average target price over the next 12 months is $10.43. Based on these targets, AGNC could surge 28.57% to reach the target high and rise by 8.57% to reach the target low. Reaching the average price target will result in a growth of 19.2% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, AGNC has a current ratio of $1.44, which is $1.44 over the trailing 12-months, while a dividend of $1.74 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and AGNC currently yields $16.46. In the past year, AGNC’s dividend yield has been $16.46, but when looking at the stock over the past five years, its yield has been $11.88. Accordingly, AGNC has a current buyback yield of $0.89. This was $0.89 for the TTM.
Summary of Insider Activity:
Insiders traded AGNC stock several times over the past three months with 5 Buys and 8 Sells. In these transactions, 439,562 shares were bought while 125,978 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 701,327 while 245,682 shares were sold.