Stock Traders Buy High-Volume AGNC Put Options (NASDAQ:AGNC)

AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) Friday saw some unusual options trading activity. Investors purchased 52,821 stock options. This is an increase of approximately 286% compared to the typical 13,669 put volume.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upgraded AGNC Investment’s shares from “market performance” to “outperforming” in a research note Wednesday, June 8, raising its price target for the company from $12.25 to $13.25. Five investment analysts rated the stock with a holding rating, and three rated the company’s stock with a buy rating. According to, the stock currently has an average “Hold” rating and an average target price of $13.00.

AGNC Investment Price Performance

Shares of AGNC Investment opened at $10.77 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24, and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $12.09 and two hundred-day moving average price is $12.08. AGNC Investment has a 52-week low of $9.99 and a 52-week high of $16.75. The stock has a market capitalization of $5.63 billion, a PE ratio of -5.64, and a beta of 1.07.

AGNC Investment (NASDAQ:AGNC – Get Rating) last released quarterly earnings results on Monday, July 25. The real estate investment trust reported an EPS of $0.83 for the quarter, beating the consensus estimate of $0.24 by $0.24. AGNC Investment had a negative net margin of 69.82% and a positive return on equity of 20.36%. The firm reported revenue of $315.00 million for the quarter, compared to analysts’ expectations of $323.75 million. In the same period of the previous year, the business earned $0.76 per share. AGNC Investment’s quarterly revenue increased 35.8% compared to the same quarter last year. As a group, sell-side analysts estimate AGNC Investment will post 2.69 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a September 22 dividend payable on Wednesday, October 12. Record shareholders will receive a $0.12 dividend on Friday, September 30. This represents a yield of 12.8%. The old dividend date is Thursday, September 29. AGNC Investment’s dividend payout ratio (DPR) is currently -75.39%.

Institutional Investors Focus on AGNC Investment

Hedge funds and other institutional investors have recently bought and sold shares of the business. Centiva Capital LP increased its stake in AGNC Investment by 698.0% in Q2. Centiva Capital LP owns 2,990,016 shares of the real estate investment trust worth $33.1 million, after purchasing an additional 3,490,016 shares last quarter. Northern Trust Corp increased its stake in AGNC Investment’s shares by 28.6% in Q2. Northern Trust Corp owns 6,052,716 shares of the real estate investment trust worth $67,004,000, after purchasing an additional 1,346,753 shares last quarter. Swiss National Bank purchased a new stake in AGNC Investment worth approximately $13.63 million in Q2. Equity Investment Corp increased its stake in AGNC Investment by 36.7% in Q1. Equity Investment Corp owns 4,014,444 shares of the real estate investment trust worth $52,589,000, after purchasing an additional 1,076,783 shares last quarter. Finally, Invesco Ltd. increased its stake in AGNC Investment by 117.2% in Q4. After purchasing an additional 876,465 shares in the last quarter, Invesco Ltd. owns 1,624,230 shares of the real estate investment trust worth $24,429,000. 43.36% of the shares are currently owned by institutional investors.

AGNC Investment Company Profile

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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), where payments of principal and interest are guaranteed by a government-sponsored organization such as the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage. Corporation (Freddie Mac) or the State National Mortgage Association (Ginnie Mae) (collectively the GSEs) by a United States Government agency.

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