CreativeOne Wealth LLC Acquires New Position in AGNC Investment Corp. (NASDAQ:AGNC)

CreativeOne Wealth LLC acquired a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the third quarter, HoldingsChannel reports. The fund acquired 18,435 shares of the real estate investment trust’s stock, valued at approximately $193,000.

A number of other large investors also recently modified their holdings of AGNC. Riverview Trust Co purchased a new position in shares of AGNC Investment during the 3rd quarter valued at about $25,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of AGNC Investment during the 2nd quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of AGNC Investment by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,255 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,966 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of AGNC Investment by 75.6% during the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 2,275 shares in the last quarter. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Price Performance

Shares of AGNC stock opened at $9.48 on Wednesday. The firm has a market cap of $8.40 billion, a P/E ratio of 6.58 and a beta of 1.47. AGNC Investment Corp. has a fifty-two week low of $8.85 and a fifty-two week high of $10.85. The business’s 50 day moving average price is $9.93 and its 200-day moving average price is $9.97. 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) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The business had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same quarter in the prior year, the business posted $0.65 earnings per share. On average, equities research analysts anticipate that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Announces Dividend

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 given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a dividend yield of 14.9%. AGNC Investment’s dividend payout ratio is presently 100.00%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AGNC shares. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. Finally, Royal Bank of Canada lifted their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment 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).