49,565 Shares in AGNC Investment Corp. (NASDAQ:AGNC) Bought by Pitcairn Co.

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

A number of other hedge funds have also made changes to their positions in the company. Riverview Trust Co purchased a new stake in shares of AGNC Investment in the 3rd quarter worth about $25,000. Ashton Thomas Private Wealth LLC acquired a new position in AGNC Investment during the second quarter worth about $31,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 purchasing an additional 1,255 shares in the last quarter. Blue Trust Inc. grew 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 purchasing an additional 2,966 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in shares of AGNC Investment during the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Up 0.1 %

Shares of AGNC Investment stock opened at $9.75 on Tuesday. AGNC Investment Corp. has a twelve month low of $8.57 and a twelve month high of $10.85. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 6.77 and a beta of 1.47. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $10.02 and a 200 day moving average price of $9.97.

AGNC Investment (NASDAQ:AGNC) last issued 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). 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 during the quarter, compared to analysts’ expectations of $219.50 million. During the same period in the previous year, the company earned $0.65 EPS. Equities research analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on AGNC. Royal Bank of Canada increased their target price on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 16th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $10.00 to $12.00 in a research note on Friday, September 20th. Finally, JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. One 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. Based on data from MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and an average 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).