Benjamin Edwards Inc. Takes Position in AGNC Investment Corp. (NASDAQ:AGNC)

Benjamin Edwards Inc. purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,425 shares of the real estate investment trust’s stock, valued at approximately $266,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. boosted its stake in shares of AGNC Investment by 200.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after purchasing an additional 9,639,675 shares during the period. Allspring Global Investments Holdings LLC boosted its position in AGNC Investment by 2.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock valued at $86,169,000 after buying an additional 189,444 shares during the period. Equity Investment Corp grew its holdings in AGNC Investment by 2.1% in the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock worth $76,088,000 after acquiring an additional 149,775 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of AGNC Investment by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock valued at $70,796,000 after acquiring an additional 162,152 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of AGNC Investment by 1.0% during the second quarter. Victory Capital Management Inc. now owns 5,316,724 shares of the real estate investment trust’s stock valued at $50,722,000 after acquiring an additional 54,153 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AGNC. JPMorgan Chase & Co. reduced their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday. Royal Bank of Canada boosted their target price on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Wells Fargo & Company raised 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. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Finally, StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.44.

AGNC Investment Trading Down 0.7 %

NASDAQ:AGNC opened at $9.61 on Wednesday. AGNC Investment Corp. has a one year low of $8.87 and a one year high of $10.85. The company’s 50-day simple moving average is $9.83 and its 200 day simple moving average is $9.96. The firm has a market capitalization of $8.51 billion, a P/E ratio of 6.67 and a beta of 1.47. 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 (NASDAQ:AGNC) last posted its quarterly 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). The company had revenue of $756.00 million during the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.65 EPS. As a group, analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a nov 24 dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th were given a $0.12 dividend. This represents a dividend yield of 14.9%. The ex-dividend date was Friday, November 29th. AGNC Investment’s dividend payout ratio is presently 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).