AGNC Investment Corp. (NASDAQ:AGNC) Shares Acquired by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC lifted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 10.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 12,947 shares of the real estate investment trust’s stock after buying an additional 1,176 shares during the period. Garden State Investment Advisory Services LLC’s holdings in AGNC Investment were worth $135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AGNC. Riverview Trust Co acquired a new stake in shares of AGNC Investment during the 3rd quarter worth about $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of AGNC Investment during the 2nd quarter worth about $31,000. Northwestern Mutual Wealth Management Co. raised its position 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 worth $35,000 after acquiring an additional 1,255 shares in the last quarter. Blue Trust Inc. grew its stake in 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 worth $37,000 after buying an additional 2,966 shares during the last quarter. Finally, Quarry LP grew its stake in AGNC Investment by 75.6% during the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 2,275 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Trading Down 0.6 %

Shares of AGNC stock opened at $9.60 on Tuesday. The business’s 50 day moving average is $9.95 and its two-hundred day moving average is $9.97. AGNC Investment Corp. has a twelve month low of $8.85 and a twelve month high of $10.85. The company has a market capitalization of $8.50 billion, a P/E ratio of 6.67 and a beta of 1.47. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The company had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. During the same quarter last year, the business posted $0.65 earnings per share. Equities analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a dividend yield of 14.9%. AGNC Investment’s dividend payout ratio (DPR) is presently 100.00%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Royal Bank of Canada raised 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. Finally, Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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).