Prime Capital Investment Advisors LLC Raises Position in AGNC Investment Corp. (NASDAQ:AGNC)

Prime Capital Investment Advisors LLC raised its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 16.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,892 shares of the real estate investment trust’s stock after purchasing an additional 3,156 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in AGNC Investment were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Riverview Trust Co purchased a new stake in shares of AGNC Investment in the third quarter worth approximately $25,000. Ashton Thomas Private Wealth LLC bought a new position in shares of AGNC Investment in the second quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of AGNC Investment by 52.2% in 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 acquiring an additional 1,255 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of AGNC Investment by 315.9% in the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 2,966 shares in the last quarter. Finally, LRI Investments LLC bought a new position in shares of AGNC Investment in the first quarter valued at approximately $38,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AGNC shares. Royal Bank of Canada upped their target price on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Compass Point upped their target price on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $10.00 to $12.00 in a report on Friday, September 20th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Finally, Keefe, Bruyette & Woods increased their price objective on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Price Performance

AGNC Investment stock opened at $9.58 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. AGNC Investment Corp. has a one year low of $8.57 and a one year high of $10.85. The firm has a market capitalization of $8.48 billion, a P/E ratio of 6.65 and a beta of 1.47. The business has a fifty day moving average price of $10.09 and a 200-day moving average price of $9.96.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results 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). AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. The firm had revenue of $756.00 million for the quarter, compared to analysts’ expectations of $219.50 million. During the same quarter in the previous year, the business earned $0.65 EPS. As a group, equities research analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a dividend yield of 14.9%. 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).