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

Private Trust Co. NA boosted 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 (SEC). The fund owned 40,091 shares of the real estate investment trust’s stock after purchasing an additional 26,418 shares during the period. Private Trust Co. NA’s holdings in AGNC Investment were worth $419,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Riverview Trust Co bought a new position in shares of AGNC Investment in the 3rd quarter valued at $25,000. Ashton Thomas Private Wealth LLC acquired a new position in AGNC Investment in the 2nd quarter worth about $31,000. Northwestern Mutual Wealth Management Co. raised its position 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 purchasing an additional 1,255 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of AGNC Investment by 315.9% during the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 2,966 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in shares of AGNC Investment in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Price Performance

AGNC Investment stock opened at $9.76 on Thursday. The stock’s 50 day moving average price is $10.00 and its two-hundred day moving average price is $9.97. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 6.77 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. AGNC Investment Corp. has a 52-week low of $8.62 and a 52-week high of $10.85.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $219.50 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. On average, equities analysts predict that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Dividend Announcement

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

Analyst Upgrades and Downgrades

AGNC has been the topic of a number of research reports. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $10.00 to $12.00 in a report on Friday, September 20th. Royal Bank of Canada increased their price target on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.33.

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).