Pathstone Holdings LLC Grows Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Pathstone Holdings LLC lifted its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 17.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,477 shares of the real estate investment trust’s stock after acquiring an additional 31,787 shares during the quarter. Pathstone Holdings LLC’s holdings in AGNC Investment were worth $2,224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AGNC. Riverview Trust Co acquired a new stake in AGNC Investment in the 3rd quarter valued at $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of AGNC Investment in the second quarter valued at about $31,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of AGNC Investment by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,255 shares in the last quarter. Blue Trust Inc. raised its position in shares of AGNC Investment by 315.9% during the 3rd 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 purchased a new position in AGNC Investment in the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Performance

NASDAQ:AGNC opened at $9.64 on Wednesday. The company’s 50-day moving average is $10.02 and its two-hundred 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 firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 6.77 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $219.50 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. Analysts forecast that AGNC Investment Corp. will post 1.94 EPS for the current year.

AGNC Investment Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. 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. Finally, Royal Bank of Canada raised their price target 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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).