Beck Capital Management LLC Purchases 53,882 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Beck Capital Management LLC raised its position in AGNC Investment Corp. (NASDAQ:AGNC) by 10.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 591,169 shares of the real estate investment trust’s stock after acquiring an additional 53,882 shares during the quarter. AGNC Investment makes up about 1.7% of Beck Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Beck Capital Management LLC’s holdings in AGNC Investment were worth $6,184,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its stake in AGNC Investment by 200.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after purchasing an additional 9,639,675 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of AGNC Investment by 2.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock worth $86,169,000 after acquiring an additional 189,444 shares during the period. Equity Investment Corp raised its stake in AGNC Investment by 2.1% in the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock valued at $76,088,000 after acquiring an additional 149,775 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in AGNC Investment by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock valued at $70,796,000 after purchasing an additional 162,152 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in AGNC Investment by 1.0% during the second quarter. Victory Capital Management Inc. now owns 5,316,724 shares of the real estate investment trust’s stock worth $50,722,000 after purchasing an additional 54,153 shares during the period. Institutional investors own 38.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AGNC. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $10.00 to $12.00 in a research note on Friday, September 20th. Finally, Royal Bank of Canada boosted 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, AGNC Investment currently has an average rating of “Moderate Buy” and a consensus target price of $10.33.

AGNC Investment Stock Performance

AGNC opened at $9.66 on Monday. The firm has a market cap of $8.56 billion, a P/E ratio of 6.71 and a beta of 1.47. The business’s fifty day moving average is $9.95 and its 200-day moving average is $9.97. AGNC Investment Corp. has a 52-week low of $8.79 and a 52-week high of $10.85. 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 (NASDAQ:AGNC) last released 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 return on equity of 23.41% and a net margin of 42.19%. The business had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. During the same quarter in the previous year, the company earned $0.65 earnings per share. Sell-side analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a nov 24 dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be paid 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 payout ratio is presently 100.00%.

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).