Equity Investment Corp Grows Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Equity Investment Corp increased its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,274,167 shares of the real estate investment trust's stock after purchasing an additional 149,775 shares during the quarter. Equity Investment Corp owned approximately 0.82% of AGNC Investment worth $76,088,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Riverview Trust Co bought a new position in shares of AGNC Investment during the third quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of AGNC Investment in the 2nd quarter valued at $31,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of AGNC Investment by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 1,255 shares during the period. Blue Trust Inc. raised its position 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 worth $37,000 after acquiring an additional 2,966 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in AGNC Investment during the first quarter valued at about $38,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

AGNC Investment Stock Performance

Shares of AGNC Investment stock traded up $0.09 on Monday, reaching $9.67. 14,504,302 shares of the stock were exchanged, compared to its average volume of 14,092,159. AGNC Investment Corp. has a twelve month low of $8.57 and a twelve month high of $10.85. The business has a 50 day moving average price of $10.08 and a two-hundred day moving average price 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 firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 6.72 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings data 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 business had revenue of $756.00 million during the quarter, compared to analysts' expectations 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 last year, the company earned $0.65 earnings per share. 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 disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be issued a $0.12 dividend. The ex-dividend date is Friday, November 29th. This represents a dividend yield of 14.9%. AGNC Investment's dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analyst Weigh In

AGNC has been the subject of a number of recent research reports. Wells Fargo & Company upgraded shares of AGNC Investment from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $10.00 to $12.00 in a report on Friday, September 20th. Compass Point increased their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. JMP Securities reaffirmed a "market perform" rating on shares of AGNC Investment in a report on Wednesday, August 28th. StockNews.com lowered AGNC Investment from a "hold" rating to a "sell" rating in a report on Saturday, October 19th. Finally, Maxim Group downgraded AGNC Investment from a "buy" rating to a "hold" rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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).