Peapack Gladstone Financial Corp purchased a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC – Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 13,500 shares of the real estate investment trust’s stock, valued at approximately $142,000.
Several other hedge funds also recently modified their holdings of AGNC. Riverview Trust Co bought a new position in AGNC Investment during the third quarter valued at about $25,000. Point72 Asset Management L.P. acquired a new position in shares of AGNC Investment in the 3rd quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of AGNC Investment in the 2nd quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. lifted its stake in 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 valued at $35,000 after purchasing an additional 1,255 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in AGNC Investment by 315.9% during the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 2,966 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently commented on AGNC. Wells Fargo & Company upgraded 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 research report on Friday, September 20th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. JPMorgan Chase & Co. decreased their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, December 9th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and an average target price of $10.44.
AGNC Investment Stock Up 0.7 %
AGNC opened at $9.65 on Tuesday. The company has a market capitalization of $8.55 billion, a P/E ratio of 6.70 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. The firm’s fifty day moving average price is $9.78 and its two-hundred day moving average price is $9.96. AGNC Investment Corp. has a fifty-two week low of $8.92 and a fifty-two week high of $10.85.
AGNC Investment (NASDAQ:AGNC – Get Free Report) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS 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 company had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. During the same quarter last year, the business earned $0.65 EPS. On average, analysts anticipate that AGNC Investment Corp. will post 1.94 EPS for the current year.
AGNC Investment Dividend Announcement
The firm also recently announced a dec 24 dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be issued a $0.12 dividend. This represents a dividend yield of 15.1%. The ex-dividend date is Tuesday, December 31st. AGNC Investment’s payout ratio is currently 100.00%.
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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