PVG Asset Management Corp Purchases Shares of 38,569 AGNC Investment Corp. (NASDAQ:AGNC)

PVG Asset Management Corp acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 38,569 shares of the real estate investment trust’s stock, valued at approximately $368,000. AGNC Investment makes up approximately 1.5% of PVG Asset Management Corp’s investment portfolio, making the stock its 19th largest holding.

Other large investors have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in AGNC Investment in the fourth quarter worth approximately $717,000. Norden Group LLC lifted its position in shares of AGNC Investment by 985.9% during the 1st quarter. Norden Group LLC now owns 185,562 shares of the real estate investment trust’s stock worth $1,837,000 after purchasing an additional 168,473 shares during the last quarter. Fermata Advisors LLC grew its stake in shares of AGNC Investment by 53.0% during the first quarter. Fermata Advisors LLC now owns 23,213 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 8,039 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in AGNC Investment by 339.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 133,230 shares of the real estate investment trust’s stock valued at $1,323,000 after buying an additional 102,933 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in AGNC Investment by 3.7% in 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 in the last quarter. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

AGNC Investment Stock Down 0.7 %

AGNC stock opened at $10.46 on Tuesday. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 11.49 and a beta of 1.47. The company has a fifty day moving average price of $10.21 and a 200 day moving average price of $9.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. AGNC Investment Corp. has a 12 month low of $6.81 and a 12 month high of $10.85.

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

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be paid a $0.12 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.44 annualized dividend and a dividend yield of 13.77%. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AGNC shares. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. StockNews.com raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $10.00 to $12.00 in a report on Friday, September 20th. JPMorgan Chase & Co. boosted their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods increased their target price on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, AGNC Investment currently has an average rating of “Moderate Buy” and a consensus price target of $10.33.

Insider Transactions at AGNC Investment

In related news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction on 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 directly owns 298,182 shares in the company, valued at approximately $3,002,692.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

AGNC Investment Company 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).