Asset Management One Co. Ltd. increased its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 1,193.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 666,749 shares of the real estate investment trust’s stock after purchasing an additional 615,210 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.17% of AGNC Investment worth $14,449,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. AMP Capital Investors Ltd lifted its holdings in AGNC Investment by 3.9% in the 3rd quarter. AMP Capital Investors Ltd now owns 90,614 shares of the real estate investment trust’s stock worth $1,963,000 after purchasing an additional 3,400 shares during the last quarter. Beck Capital Management LLC lifted its holdings in AGNC Investment by 54.5% in the 3rd quarter. Beck Capital Management LLC now owns 113,702 shares of the real estate investment trust’s stock worth $2,465,000 after purchasing an additional 40,109 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in AGNC Investment by 18.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,196,593 shares of the real estate investment trust’s stock worth $47,622,000 after purchasing an additional 345,292 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of AGNC Investment by 16.8% during the third quarter. Private Advisor Group LLC now owns 32,141 shares of the real estate investment trust’s stock worth $691,000 after buying an additional 4,623 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of AGNC Investment by 29.1% during the third quarter. Mackenzie Financial Corp now owns 155,690 shares of the real estate investment trust’s stock worth $3,375,000 after buying an additional 35,125 shares during the last quarter. Hedge funds and other institutional investors own 65.74% of the company’s stock.
A number of research analysts have recently commented on the company. BidaskClub upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Zacks Investment Research lowered AGNC Investment from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Wells Fargo & Company reiterated a “market perform” rating and set a $19.00 price target on shares of AGNC Investment in a report on Friday, December 1st. Finally, Maxim Group reiterated a “buy” rating and set a $21.25 price target on shares of AGNC Investment in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $20.38.
AGNC Investment Corp. (NASDAQ:AGNC) opened at $20.42 on Friday. AGNC Investment Corp. has a 1-year low of $17.30 and a 1-year high of $22.34. The company has a market capitalization of $7,935.48, a P/E ratio of 7.98 and a beta of 0.14. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.05.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $178.00 million for the quarter, compared to analysts’ expectations of $177.50 million. AGNC Investment had a return on equity of 12.00% and a net margin of 145.02%. During the same period in the previous year, the business posted $0.67 earnings per share. equities research analysts anticipate that AGNC Investment Corp. will post 2.55 EPS for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Friday, December 29th will be given a dividend of $0.18 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 10.58%. The ex-dividend date of this dividend is Thursday, December 28th. AGNC Investment’s dividend payout ratio is presently 53.20%.
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).
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