Integrated Investment Consultants LLC bought a new position in AGNC Investment Corp. (NASDAQ:AGNC – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,926 shares of the real estate investment trust’s stock, valued at approximately $167,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AGNC. Vanguard Group Inc. raised its position in shares of AGNC Investment by 3.7% during the 1st 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 during the period. Vaughan Nelson Investment Management L.P. lifted its stake in AGNC Investment by 200.5% in the third 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 buying an additional 9,639,675 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of AGNC Investment by 2.4% during the third 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 acquiring an additional 189,444 shares during the period. Equity Investment Corp grew its position in shares of AGNC Investment by 2.1% during the third quarter. Equity Investment Corp now owns 7,274,167 shares of the real estate investment trust’s stock worth $76,088,000 after acquiring an additional 149,775 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of AGNC Investment by 1.0% in the 2nd quarter. Victory Capital Management Inc. now owns 5,316,724 shares of the real estate investment trust’s stock worth $50,722,000 after acquiring an additional 54,153 shares during the period. 38.28% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AGNC has been the subject of several recent analyst reports. StockNews.com cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $10.00 to $12.00 in a report on Friday, September 20th. JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. Finally, Royal Bank of Canada boosted their price target on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, AGNC Investment currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.
AGNC Investment Stock Up 0.4 %
Shares of AGNC stock opened at $9.74 on Friday. 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 stock has a market cap of $8.63 billion, a PE ratio of 6.76 and a beta of 1.47. The business’s fifty day moving average is $10.04 and its 200-day moving average is $9.97. AGNC Investment Corp. has a 1 year low of $8.57 and a 1 year high of $10.85.
AGNC Investment (NASDAQ:AGNC – Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The business had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. During the same quarter last year, the firm posted $0.65 earnings per share. Equities analysts expect that AGNC Investment Corp. will post 1.94 earnings per share 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. Investors of record on Friday, November 29th will be paid a dividend of $0.12 per share. This represents a yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment’s dividend payout ratio is presently 100.00%.
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).
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