Garden State Investment Advisory Services LLC Raises Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Garden State Investment Advisory Services LLC raised its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 10.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,947 shares of the real estate investment trust’s stock after buying an additional 1,176 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in AGNC Investment were worth $135,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new position in shares of AGNC Investment during the 3rd quarter worth $25,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of AGNC Investment during the 2nd quarter worth $31,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of AGNC Investment by 52.2% during the 2nd 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. Blue Trust Inc. grew its holdings in shares of AGNC Investment by 315.9% during the 3rd quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,966 shares during the period. Finally, Quarry LP grew its holdings in shares of AGNC Investment by 75.6% during the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 2,275 shares during the period. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

AGNC Investment Price Performance

AGNC stock opened at $9.60 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $8.50 billion, a P/E ratio of 6.67 and a beta of 1.47. The business’s 50-day moving average is $9.95 and its two-hundred day moving average is $9.97. AGNC Investment Corp. has a 1 year low of $8.85 and a 1 year high of $10.85.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The company had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same period in the prior year, the business earned $0.65 EPS. Analysts anticipate that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

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

Wall Street Analysts Forecast Growth

AGNC has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $10.00 to $12.00 in a report on Friday, September 20th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.33.

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).