Private Trust Co. NA Has $419,000 Stock Position in AGNC Investment Corp. (NASDAQ:AGNC)

Private Trust Co. NA increased its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 193.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,091 shares of the real estate investment trust’s stock after buying an additional 26,418 shares during the quarter. Private Trust Co. NA’s holdings in AGNC Investment were worth $419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AGNC. Riverview Trust Co acquired a new position in shares of AGNC Investment during the 3rd quarter worth about $25,000. Ashton Thomas Private Wealth LLC acquired a new position in AGNC Investment during the second quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. raised its stake in AGNC Investment by 52.2% in 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 buying an additional 1,255 shares during the period. Blue Trust Inc. lifted its position in shares of AGNC Investment by 315.9% in the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 2,966 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of AGNC Investment during the 1st quarter worth approximately $38,000. 38.28% of the stock is owned by institutional investors.

AGNC Investment Stock Up 1.2 %

AGNC stock opened at $9.76 on Thursday. AGNC Investment Corp. has a 52 week low of $8.62 and a 52 week high of $10.85. The business has a 50-day simple moving average of $10.00 and a 200 day simple moving average of $9.97. 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 company has a market cap of $8.64 billion, a PE ratio of 6.77 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued 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). The firm 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 quarter in the previous year, the firm posted $0.65 earnings per share. Sell-side analysts anticipate that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on AGNC. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Royal Bank of Canada raised their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $10.00 to $12.00 in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company 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).