Healthcare of Ontario Pension Plan Trust Fund Invests $1.24 Million in AGNC Investment Corp. (NASDAQ:AGNC)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 118,700 shares of the real estate investment trust’s stock, valued at approximately $1,242,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AGNC. Riverview Trust Co purchased a new stake in shares of AGNC Investment during the third quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in AGNC Investment during the 2nd quarter worth $31,000. Northwestern Mutual Wealth Management Co. increased its stake 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 buying an additional 1,255 shares during the period. Blue Trust Inc. boosted its position in 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 buying an additional 2,966 shares during the last quarter. Finally, Quarry LP grew its stake in shares of AGNC Investment by 75.6% during the second quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 2,275 shares in the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

AGNC Investment Price Performance

Shares of NASDAQ:AGNC opened at $9.66 on Monday. 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 50-day simple moving average of $9.95 and a 200 day simple moving average of $9.97. AGNC Investment Corp. has a fifty-two week low of $8.79 and a fifty-two week high of $10.85. The company has a market cap of $8.56 billion, a PE ratio of 6.71 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results 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 company 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 quarter in the previous year, the company posted $0.65 earnings per share. On average, sell-side analysts anticipate that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. This represents a dividend yield of 14.9%. AGNC Investment’s dividend payout ratio is currently 100.00%.

AGNC Investment 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).