AGNC Investment Corp. (NASDAQ:AGNC) Shares Purchased by Hollencrest Capital Management

Hollencrest Capital Management grew its position in AGNC Investment Corp. (NASDAQ:AGNC) by 0.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 222,450 shares of the real estate investment trust’s stock after acquiring an additional 1,290 shares during the period. Hollencrest Capital Management’s holdings in AGNC Investment were worth $2,327,000 at the end of the most recent quarter.

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

AGNC Investment Stock Performance

Shares of NASDAQ AGNC traded up $0.21 during midday trading on Friday, reaching $9.73. 9,138,233 shares of the company were exchanged, compared to its average volume of 13,993,686. The stock has a market cap of $8.62 billion, a P/E ratio of 6.74 and a beta of 1.47. AGNC Investment Corp. has a 1 year low of $8.22 and a 1 year high of $10.85. The stock has a fifty day simple moving average of $10.17 and a 200 day simple moving average of $9.94. The company has a current ratio of 0.23, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last announced 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 net margin of 42.19% and a return on equity of 23.41%. The company had revenue of $756.00 million during the quarter, compared to analysts’ expectations of $219.50 million. During the same quarter last year, the business posted $0.65 earnings per share. On average, research analysts forecast that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently announced 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. AGNC Investment’s payout ratio is 100.00%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods increased their target price on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Wells Fargo & Company raised 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 report on Friday, September 20th. Compass Point boosted their price objective on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada lifted their price target 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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).