Alpha Cubed Investments LLC Invests $115,000 in AGNC Investment Corp. (NASDAQ:AGNC)

Alpha Cubed Investments LLC purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,000 shares of the real estate investment trust’s stock, valued at approximately $115,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. 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. lifted its stake in AGNC Investment by 52.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,255 shares in the last quarter. LRI Investments LLC acquired a new stake in AGNC Investment in the 1st quarter worth about $38,000. Quarry LP increased its stake in AGNC Investment by 75.6% during the 2nd quarter. Quarry LP now owns 5,285 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 2,275 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of AGNC Investment during the first quarter valued at approximately $53,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AGNC shares. Royal Bank of Canada lifted their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. JMP Securities reaffirmed a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. Compass Point raised their price target on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price objective on shares of AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AGNC Investment currently has a consensus rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Stock Performance

AGNC Investment stock opened at $10.31 on Wednesday. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 11.33 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a 50 day simple moving average of $10.23 and a 200-day simple moving average of $9.88. AGNC Investment Corp. has a 1-year low of $6.81 and a 1-year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (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 business had revenue of $695.00 million for the quarter, compared to analyst estimates of $643.29 million. During the same period last year, the business earned $0.67 EPS. AGNC Investment’s revenue was up 52.1% compared to the same quarter last year. On average, analysts expect that AGNC Investment Corp. will post 2.11 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.44 annualized dividend and a yield of 13.97%. AGNC Investment’s dividend payout ratio (DPR) is currently 158.24%.

Insiders Place Their Bets

In other news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $9.97, for a total value of $49,850.00. Following the transaction, the chief financial officer now directly owns 308,182 shares in the company, valued at approximately $3,072,574.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by 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).