Peapack Gladstone Financial Corp Takes $142,000 Position in AGNC Investment Corp. (NASDAQ:AGNC)

Peapack Gladstone Financial Corp acquired a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 13,500 shares of the real estate investment trust’s stock, valued at approximately $142,000.

A number of other institutional investors and hedge funds have also modified their holdings of AGNC. Vaughan Nelson Investment Management L.P. raised its position in shares of AGNC Investment by 200.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after acquiring an additional 9,639,675 shares during the period. Geode Capital Management LLC lifted its holdings in shares of AGNC Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 12,303,616 shares of the real estate investment trust’s stock valued at $128,730,000 after purchasing an additional 242,640 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of AGNC Investment by 2.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock valued at $86,169,000 after purchasing an additional 189,444 shares during the period. Equity Investment Corp raised its holdings in AGNC Investment by 2.1% during the 3rd quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock worth $76,088,000 after buying an additional 149,775 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in AGNC Investment by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,768,305 shares of the real estate investment trust’s stock valued at $70,796,000 after buying an additional 162,152 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

AGNC Investment Trading Up 0.7 %

Shares of AGNC stock opened at $9.65 on Tuesday. AGNC Investment Corp. has a fifty-two week low of $8.92 and a fifty-two week high of $10.85. The stock’s fifty day moving average price is $9.78 and its two-hundred day moving average price is $9.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $8.55 billion, a PE ratio of 6.70 and a beta of 1.47.

AGNC Investment (NASDAQ:AGNC) last released 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). The business had revenue of $756.00 million during the quarter, compared to analyst estimates 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 last 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 business also recently disclosed a dec 24 dividend, which will be paid on Friday, January 10th. Investors of record on Tuesday, December 31st will be given a dividend of $0.12 per share. This represents a yield of 15.1%. The ex-dividend date is Tuesday, December 31st. AGNC Investment’s dividend payout ratio is 100.00%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company upgraded 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. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 19th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lowered their price objective on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.44.

AGNC Investment 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).