California State Teachers Retirement System grew its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 12.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 761,585 shares of the real estate investment trust’s stock after buying an additional 86,875 shares during the period. California State Teachers Retirement System owned 0.19% of AGNC Investment worth $15,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in AGNC. Two Sigma Securities LLC purchased a new stake in shares of AGNC Investment in the 4th quarter valued at about $286,000. Two Sigma Advisers LP lifted its holdings in shares of AGNC Investment by 208.2% in the 4th quarter. Two Sigma Advisers LP now owns 3,349,923 shares of the real estate investment trust’s stock valued at $67,635,000 after purchasing an additional 2,262,868 shares during the last quarter. Ellington Management Group LLC purchased a new stake in shares of AGNC Investment in the 4th quarter valued at about $1,010,000. QS Investors LLC lifted its holdings in shares of AGNC Investment by 22.9% in the 4th quarter. QS Investors LLC now owns 476,850 shares of the real estate investment trust’s stock valued at $9,628,000 after purchasing an additional 88,905 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of AGNC Investment by 14.1% in the 4th quarter. Deutsche Bank AG now owns 1,474,193 shares of the real estate investment trust’s stock valued at $29,760,000 after purchasing an additional 182,103 shares during the last quarter. 67.86% of the stock is owned by institutional investors.
Several analysts have recently weighed in on the company. BidaskClub raised AGNC Investment from a “strong sell” rating to a “sell” rating in a report on Thursday, March 15th. Barclays reduced their target price on AGNC Investment from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $19.50 target price on shares of AGNC Investment in a report on Thursday, February 1st. Bank of America raised AGNC Investment from an “underperform” rating to a “neutral” rating in a report on Thursday, February 1st. Finally, Maxim Group reissued a “buy” rating and issued a $21.25 target price on shares of AGNC Investment in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. AGNC Investment has an average rating of “Hold” and a consensus price target of $20.63.
In related news, CFO Peter J. Federico sold 13,500 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $18.54, for a total value of $250,290.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.40% of the company’s stock.
AGNC Investment stock opened at $18.72 on Thursday. The stock has a market capitalization of $7,333.28, a PE ratio of 7.44 and a beta of 0.03. AGNC Investment Corp. has a 52-week low of $17.84 and a 52-week high of $22.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.24 and a quick ratio of 0.24.
AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The firm had revenue of $212.00 million for the quarter, compared to analysts’ expectations of $204.32 million. AGNC Investment had a return on equity of 11.89% and a net margin of 86.72%. During the same quarter in the previous year, the firm posted $0.64 EPS. equities analysts expect that AGNC Investment Corp. will post 2.41 earnings per share for the current fiscal year.
The business also recently declared a mar 18 dividend, which will be paid on Monday, April 9th. Investors of record on Thursday, March 29th will be given a $0.18 dividend. This represents a yield of 11.49%. The ex-dividend date is Wednesday, March 28th. AGNC Investment’s dividend payout ratio (DPR) is presently 110.20%.
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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