Brookstone Capital Management Acquires Shares of 10,589 AGNC Investment Corp. (NASDAQ:AGNC)

Brookstone Capital Management acquired a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the third quarter, HoldingsChannel.com reports. The fund acquired 10,589 shares of the real estate investment trust’s stock, valued at approximately $111,000.

Several other hedge funds have also modified their holdings of AGNC. Atomi Financial Group Inc. raised its stake in shares of AGNC Investment by 10.3% during the 3rd quarter. Atomi Financial Group Inc. now owns 26,867 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 2,499 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in AGNC Investment by 5.6% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 36,097 shares of the real estate investment trust’s stock worth $378,000 after acquiring an additional 1,916 shares in the last quarter. Alpha Cubed Investments LLC acquired a new position in AGNC Investment during the third quarter worth $115,000. Sanctuary Advisors LLC purchased a new position in AGNC Investment during the second quarter valued at $365,000. Finally, New Wave Wealth Advisors LLC acquired a new stake in shares of AGNC Investment in the second quarter valued at about $165,000. 38.28% of the stock is owned by hedge funds and other institutional investors.

AGNC Investment Price Performance

AGNC Investment stock opened at $10.45 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $10.27 and a 200 day moving average price of $9.90. AGNC Investment Corp. has a 12-month low of $6.81 and a 12-month high of $10.85. The stock has a market cap of $7.60 billion, a P/E ratio of 11.48 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $695.00 million for the quarter, compared to analyst estimates of $643.29 million. AGNC Investment had a return on equity of 26.21% and a net margin of 16.15%. The firm’s quarterly revenue was up 52.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 EPS. Sell-side analysts anticipate that AGNC Investment Corp. will post 2.11 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a oct 24 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.12 per share. This represents a dividend yield of 14%. The ex-dividend date is Thursday, October 31st. AGNC Investment’s dividend payout ratio is presently 158.24%.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the transaction, the chief financial officer now owns 298,182 shares of the company’s stock, valued at $3,002,692.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Compass Point raised their price target on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Royal Bank of Canada boosted their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. raised their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Finally, Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $10.00 to $12.00 in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus price target 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).