Wealthcare Advisory Partners LLC raised its position in shares of AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 49.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,526 shares of the real estate investment trust’s stock after purchasing an additional 5,826 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in AGNC Investment were worth $161,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in AGNC. Winch Advisory Services LLC increased its position in shares of AGNC Investment by 81.3% during the fourth quarter. Winch Advisory Services LLC now owns 11,617 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 5,210 shares during the period. BluePath Capital Management LLC bought a new stake in shares of AGNC Investment during the 4th quarter valued at about $114,000. Armstrong Advisory Group Inc. boosted its holdings in shares of AGNC Investment by 6.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 18,505 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 1,150 shares in the last quarter. Park Avenue Securities LLC boosted its stake in AGNC Investment by 139.4% during the fourth quarter. Park Avenue Securities LLC now owns 28,595 shares of the real estate investment trust’s stock worth $263,000 after acquiring an additional 16,651 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of AGNC Investment in the 4th quarter valued at about $103,000. Institutional investors own 38.28% of the company’s stock.
AGNC Investment Stock Performance
AGNC stock opened at $9.71 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.01. The firm has a market cap of $8.60 billion, a PE ratio of 6.74 and a beta of 1.47. The business has a 50 day moving average of $9.50 and a 200-day moving average of $9.90. AGNC Investment Corp. has a 12-month low of $8.92 and a 12-month high of $10.85.
AGNC Investment Dividend Announcement
The business also recently disclosed a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a yield of 15.5%. AGNC Investment’s dividend payout ratio (DPR) is presently 100.00%.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research report on Monday, December 9th. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.64.
Check Out Our Latest Stock Report on AGNC
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).
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