AGNC Investment Corp. (NASDAQ:AGNC) Stake Lifted by Tidal Investments LLC

Tidal Investments LLC raised its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 3.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 96,081 shares of the real estate investment trust’s stock after buying an additional 3,075 shares during the quarter. Tidal Investments LLC’s holdings in AGNC Investment were worth $1,005,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Riverview Trust Co bought a new stake in AGNC Investment in the 3rd quarter valued at about $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of AGNC Investment in the second quarter valued at approximately $31,000. Point72 Asset Management L.P. acquired a new stake in shares of AGNC Investment in the third quarter valued at approximately $32,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of AGNC Investment by 52.2% during the second 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 during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of AGNC Investment by 315.9% during the third 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 period. Institutional investors and hedge funds own 38.28% of the company’s stock.

Analyst Upgrades and Downgrades

AGNC has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Finally, Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and an average target price of $10.44.

AGNC Investment Trading Down 0.4 %

Shares of NASDAQ:AGNC opened at $9.27 on Friday. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 6.44 and a beta of 1.47. AGNC Investment Corp. has a 1-year low of $8.92 and a 1-year high of $10.85. The company has a 50 day moving average price of $9.72 and a 200 day moving average price of $9.95. 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 earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The company had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. On average, research analysts anticipate that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a dec 24 dividend, which will be paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. This represents a yield of 15.1%. The ex-dividend date is Tuesday, December 31st. AGNC Investment’s dividend payout ratio is presently 100.00%.

About AGNC Investment

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).