Geode Capital Management LLC lifted its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,017,379 shares of the real estate investment trust’s stock after buying an additional 135,159 shares during the quarter. Geode Capital Management LLC’s holdings in AGNC Investment were worth $101,260,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisors Preferred LLC raised its stake in shares of AGNC Investment by 1,328.9% in the fourth quarter. Advisors Preferred LLC now owns 5,001 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 4,651 shares during the period. FNY Managed Accounts LLC bought a new position in shares of AGNC Investment in the third quarter worth about $104,000. Chicago Partners Investment Group LLC raised its stake in shares of AGNC Investment by 227.8% in the third quarter. Chicago Partners Investment Group LLC now owns 5,900 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 4,100 shares during the period. Advantage Investment Management LLC bought a new position in shares of AGNC Investment in the fourth quarter worth about $131,000. Finally, Victory Capital Management Inc. raised its stake in shares of AGNC Investment by 154.5% in the fourth quarter. Victory Capital Management Inc. now owns 6,567 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 3,987 shares during the period. 67.90% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.50 price objective on shares of AGNC Investment in a research note on Thursday, February 1st. BidaskClub raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Maxim Group reissued a “buy” rating and set a $21.25 target price on shares of AGNC Investment in a research note on Thursday, February 1st. Barclays decreased their target price on AGNC Investment from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Finally, Bank of America raised AGNC Investment from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. AGNC Investment has an average rating of “Hold” and a consensus price target of $20.63.
Shares of AGNC Investment Corp. (AGNC) opened at $18.50 on Monday. The stock has a market capitalization of $7,239.36, a P/E ratio of 9.44 and a beta of 0.03. AGNC Investment Corp. has a 12 month low of $17.84 and a 12 month high of $22.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.24 and a current ratio of 0.24.
AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $212.00 million for the quarter, compared to the consensus estimate 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 last year, the company earned $0.64 EPS. equities analysts forecast that AGNC Investment Corp. will post 2.41 earnings per share for the current fiscal year.
The firm also recently announced a feb 18 dividend, which was paid on Thursday, March 8th. Investors of record on Wednesday, February 28th were paid a dividend of $0.18 per share. This represents a yield of 11.45%. The ex-dividend date of this dividend was Tuesday, February 27th. AGNC Investment’s dividend payout ratio (DPR) is presently 110.20%.
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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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