Harbour Investments Inc. Raises Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Harbour Investments Inc. increased its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 4.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 34,618 shares of the real estate investment trust’s stock after buying an additional 1,391 shares during the quarter. Harbour Investments Inc.’s holdings in AGNC Investment were worth $362,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE lifted its stake in AGNC Investment by 26.3% in the first quarter. US Bancorp DE now owns 62,676 shares of the real estate investment trust’s stock valued at $620,000 after purchasing an additional 13,041 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of AGNC Investment by 6.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,847 shares of the real estate investment trust’s stock worth $167,000 after acquiring an additional 1,059 shares during the period. Intech Investment Management LLC purchased a new stake in AGNC Investment in the 1st quarter worth about $149,000. Vanguard Group Inc. raised its stake in AGNC Investment by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after acquiring an additional 2,368,658 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in AGNC Investment by 8.1% during the first quarter. Osaic Holdings Inc. now owns 1,173,849 shares of the real estate investment trust’s stock valued at $11,622,000 after purchasing an additional 87,938 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

Analyst Ratings Changes

AGNC has been the subject of several recent research reports. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $10.00 to $12.00 in a research note on Friday, September 20th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Keefe, Bruyette & Woods lifted their price target on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Maxim Group lowered AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.33.

AGNC Investment Stock Performance

Shares of AGNC opened at $9.58 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $10.09 and a 200-day moving average price of $9.96. The company has a market cap of $8.48 billion, a PE ratio of 6.65 and a beta of 1.47. AGNC Investment Corp. has a 12-month low of $8.57 and a 12-month high of $10.85.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 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 analysts’ expectations of $219.50 million. During the same period in the prior year, the firm earned $0.65 EPS. As a group, equities analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

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

AGNC Investment Company 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).