38,569 Shares in AGNC Investment Corp. (NASDAQ:AGNC) Acquired by PVG Asset Management Corp

PVG Asset Management Corp acquired a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 38,569 shares of the real estate investment trust’s stock, valued at approximately $368,000. AGNC Investment accounts for 1.5% of PVG Asset Management Corp’s portfolio, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of AGNC. Virtu Financial LLC bought a new position in shares of AGNC Investment in the fourth quarter worth about $717,000. Norden Group LLC increased its position in shares of AGNC Investment by 985.9% during the first quarter. Norden Group LLC now owns 185,562 shares of the real estate investment trust’s stock worth $1,837,000 after acquiring an additional 168,473 shares during the period. Fermata Advisors LLC raised 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 valued at $230,000 after acquiring an additional 8,039 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of 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 purchasing an additional 102,933 shares during the period. Finally, Vanguard Group Inc. grew 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 worth $650,781,000 after purchasing an additional 2,368,658 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AGNC shares. JPMorgan Chase & Co. lifted their target price on AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Royal Bank of Canada upped their price objective 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. Janney Montgomery Scott assumed coverage on shares of AGNC Investment in a research report on Thursday, June 6th. They set a “buy” rating and a $10.50 target price on the stock. Compass Point raised their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AGNC Investment has a consensus rating of “Moderate Buy” and an average price target of $10.33.

AGNC Investment Stock Down 0.7 %

Shares of AGNC opened at $10.46 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01. The firm has a market cap of $7.60 billion, a P/E ratio of 11.49 and a beta of 1.47. The company’s 50-day moving average price is $10.21 and its 200 day moving average price is $9.86. AGNC Investment Corp. has a 12-month low of $6.81 and a 12-month high of $10.85.

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

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 13.77%. AGNC Investment’s payout ratio is presently 158.24%.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the transaction, the chief financial officer now directly owns 298,182 shares of the company’s stock, valued at approximately $3,002,692.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by corporate insiders.

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).