Everence Capital Management Inc. Makes New $310,000 Investment in AGNC Investment Corp. (NASDAQ:AGNC)

Everence Capital Management Inc. bought a new stake in AGNC Investment Corp. (NASDAQ:AGNC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 33,700 shares of the real estate investment trust’s stock, valued at approximately $310,000.

Several other institutional investors also recently modified their holdings of AGNC. Riverview Trust Co bought a new position in AGNC Investment in the third quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC bought a new position in shares of AGNC Investment in the 2nd quarter worth $31,000. Point72 Asset Management L.P. bought a new position in shares of AGNC Investment in the 3rd quarter worth $32,000. Northwestern Mutual Wealth Management Co. grew its stake 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 worth $35,000 after purchasing an additional 1,255 shares during the period. Finally, Blue Trust Inc. increased its holdings in 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 purchasing an additional 2,966 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Analysts Set New Price Targets

AGNC has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $10.00 to $12.00 in a report on Friday, September 20th. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Finally, JPMorgan Chase & Co. cut their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $10.44.

AGNC Investment Trading Down 1.3 %

Shares of NASDAQ:AGNC opened at $9.32 on Tuesday. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 6.47 and a beta of 1.47. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12 month low of $8.92 and a 12 month high of $10.85. The company’s fifty day simple moving average is $9.52 and its 200 day simple moving average is $9.93.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data 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 return on equity of 23.41% and a net margin of 42.19%. The firm had revenue of $756.00 million for the quarter, compared to analyst estimates of $219.50 million. During the same period in the prior year, the company earned $0.65 earnings per share. As a group, research analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

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

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).