Atria Investments Inc Grows Stock Position in AGNC Investment Corp. (NASDAQ:AGNC)

Atria Investments Inc boosted its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 5.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 30,506 shares of the real estate investment trust’s stock after buying an additional 1,564 shares during the quarter. Atria Investments Inc’s holdings in AGNC Investment were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AGNC. Vanguard Group Inc. boosted its position in shares of AGNC Investment by 3.7% during the first quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after buying an additional 2,368,658 shares during the period. CreativeOne Wealth LLC purchased a new position in AGNC Investment during the 1st quarter valued at $135,000. 1832 Asset Management L.P. bought a new position in AGNC Investment in the 1st quarter valued at $7,920,000. LRI Investments LLC purchased a new stake in AGNC Investment in the first quarter worth $38,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of AGNC Investment by 9.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 351,975 shares of the real estate investment trust’s stock worth $3,485,000 after purchasing an additional 30,647 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

Shares of AGNC stock opened at $9.74 on Friday. The stock’s 50-day moving average is $10.04 and its 200 day moving average is $9.97. AGNC Investment Corp. has a 1-year low of $8.57 and a 1-year high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market cap of $8.63 billion, a P/E ratio of 6.76 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS 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 firm had revenue of $756.00 million for the quarter, compared to analysts’ expectations of $219.50 million. During the same period in the previous year, the company posted $0.65 earnings per share. Research analysts predict that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on AGNC. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. Royal Bank of Canada upped their target price 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. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company 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).