Mainstream Capital Management LLC Purchases New Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Mainstream Capital Management LLC acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 3rd quarter, Holdings Channel reports. The firm acquired 12,047 shares of the real estate investment trust’s stock, valued at approximately $126,000.

A number of other hedge funds also recently modified their holdings of AGNC. Portside Wealth Group LLC boosted its stake in shares of AGNC Investment by 11.8% during the third quarter. Portside Wealth Group LLC now owns 20,562 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 2,164 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of AGNC Investment during the third quarter valued at approximately $351,000. QRG Capital Management Inc. increased its holdings in shares of AGNC Investment by 7.6% during the third quarter. QRG Capital Management Inc. now owns 33,068 shares of the real estate investment trust’s stock valued at $346,000 after acquiring an additional 2,332 shares in the last quarter. Cannon Global Investment Management LLC purchased a new position in shares of AGNC Investment during the third quarter valued at approximately $1,569,000. Finally, Van ECK Associates Corp boosted its position in shares of AGNC Investment by 34.1% during the third quarter. Van ECK Associates Corp now owns 3,427,978 shares of the real estate investment trust’s stock valued at $34,074,000 after buying an additional 870,856 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Up 1.5 %

AGNC Investment stock opened at $9.52 on Friday. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 6.61 and a beta of 1.47. The stock has a fifty day simple moving average of $10.17 and a two-hundred day simple moving average of $9.94. AGNC Investment Corp. has a 12 month low of $8.22 and a 12 month high of $10.85. The company has a current ratio of 0.23, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The business had revenue of $756.00 million for the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a net margin of 42.19% and a return on equity of 23.41%. During the same period in the prior year, the business earned $0.65 earnings per share. Equities analysts predict that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently announced a nov 24 dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be given a dividend of $0.12 per share. AGNC Investment’s dividend payout ratio (DPR) is presently 100.00%.

Analysts Set New Price Targets

A number of research analysts have recently commented on AGNC shares. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Keefe, Bruyette & Woods upped their price target on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research report on Thursday, July 25th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Wells Fargo & Company upgraded AGNC Investment from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $10.00 to $12.00 in a research note on Friday, September 20th. Finally, Royal Bank of Canada boosted their price objective 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 research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.33.

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).