Parisi Gray Wealth Management Buys 9,677 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Parisi Gray Wealth Management raised its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 21.0% during the fourth quarter, HoldingsChannel reports. The fund owned 55,677 shares of the real estate investment trust’s stock after acquiring an additional 9,677 shares during the quarter. Parisi Gray Wealth Management’s holdings in AGNC Investment were worth $513,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AGNC. Private Advisor Group LLC grew its position in AGNC Investment by 1.6% in the 2nd quarter. Private Advisor Group LLC now owns 161,244 shares of the real estate investment trust’s stock valued at $1,538,000 after acquiring an additional 2,573 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of AGNC Investment in the second quarter worth about $31,000. Choreo LLC increased its stake in AGNC Investment by 58.1% in the 2nd quarter. Choreo LLC now owns 40,668 shares of the real estate investment trust’s stock worth $386,000 after buying an additional 14,942 shares during the period. Meeder Advisory Services Inc. bought a new stake in AGNC Investment during the 2nd quarter valued at about $124,000. Finally, Federated Hermes Inc. boosted its position in AGNC Investment by 32.2% in the 2nd quarter. Federated Hermes Inc. now owns 242,129 shares of the real estate investment trust’s stock valued at $2,310,000 after buying an additional 59,042 shares during the period. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Down 0.2 %

NASDAQ AGNC traded down $0.02 during trading on Monday, hitting $9.12. The company’s stock had a trading volume of 22,248,245 shares, compared to its average volume of 19,385,480. AGNC Investment Corp. has a fifty-two week low of $8.92 and a fifty-two week high of $10.85. The company has a market cap of $8.08 billion, a PE ratio of 6.33 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 business’s 50 day simple moving average is $9.50 and its 200-day simple moving average is $9.91.

AGNC Investment (NASDAQ:AGNC) last released its 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 for 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 period in the prior year, the firm posted $0.65 EPS. On average, equities analysts anticipate that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently declared a jan 25 dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a dividend of $0.12 per share. This represents a yield of 15.5%. The ex-dividend date is Friday, January 31st. AGNC Investment’s dividend payout ratio is presently 100.00%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $10.00 to $12.00 in a report on Friday, September 20th. Finally, 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 report on Monday, December 9th. One 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.44.

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).