Pitcairn Co. Takes Position in AGNC Investment Corp. (NASDAQ:AGNC)

Pitcairn Co. bought a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 49,565 shares of the real estate investment trust’s stock, valued at approximately $518,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in shares of AGNC Investment in the 3rd quarter valued at $25,000. Ashton Thomas Private Wealth LLC acquired a new position in AGNC Investment in the second quarter valued at $31,000. Northwestern Mutual Wealth Management Co. grew its holdings 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 last quarter. Blue Trust Inc. lifted its holdings in shares of AGNC Investment by 315.9% in the 3rd 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. Finally, LRI Investments LLC acquired a new stake in shares of AGNC Investment in the 1st quarter valued at about $38,000. 38.28% of the stock is owned by institutional investors and hedge funds.

AGNC Investment Stock Performance

NASDAQ AGNC opened at $9.75 on Tuesday. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 6.77 and a beta of 1.47. The business’s 50 day moving average is $10.02 and its two-hundred day moving average is $9.97. AGNC Investment Corp. has a 12-month low of $8.57 and a 12-month high of $10.85. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The business had revenue of $756.00 million for the quarter, compared to analyst estimates 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 company earned $0.65 EPS. Research analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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).