Mainstay Capital Management LLC ADV bought a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,943 shares of the real estate investment trust’s stock, valued at approximately $750,000.
Several other hedge funds have also recently made changes to their positions in AGNC. Qube Research & Technologies Ltd acquired a new stake in shares of AGNC Investment during the second quarter worth $127,000. CIBC Private Wealth Group LLC raised its holdings in shares of AGNC Investment by 6,645.0% during the second quarter. CIBC Private Wealth Group LLC now owns 8,094 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 7,974 shares during the period. Victory Capital Management Inc. raised its holdings in shares of AGNC Investment by 44.5% during the first quarter. Victory Capital Management Inc. now owns 9,491 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 2,924 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of AGNC Investment during the second quarter worth $192,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of AGNC Investment during the first quarter worth $195,000. Institutional investors and hedge funds own 57.71% of the company’s stock.
A number of brokerages have weighed in on AGNC. BidaskClub cut shares of AGNC Investment from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 19th. JPMorgan Chase & Co. increased their target price on shares of AGNC Investment from $18.00 to $18.50 and gave the stock a “$19.11” rating in a report on Monday, July 23rd. Maxim Group increased their target price on shares of AGNC Investment from $19.25 to $19.75 and gave the stock a “buy” rating in a report on Friday, July 27th. Zacks Investment Research raised shares of AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Monday, September 24th. Finally, Barclays reissued a “hold” rating and set a $19.00 target price on shares of AGNC Investment in a report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.46.
Shares of AGNC stock traded down $0.04 during trading hours on Friday, reaching $17.76. The stock had a trading volume of 6,849,657 shares, compared to its average volume of 4,710,646. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.04. AGNC Investment Corp. has a twelve month low of $17.71 and a twelve month high of $21.90. The stock has a market cap of $8.90 billion and a PE ratio of 7.22.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. AGNC Investment had a net margin of 134.01% and a return on equity of 11.69%. The business had revenue of $177.00 million for the quarter, compared to analysts’ expectations of $274.15 million. During the same quarter last year, the company earned $0.60 EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts forecast that AGNC Investment Corp. will post 2.44 EPS for the current fiscal year.
The company also recently disclosed a oct 18 dividend, which will be paid on Friday, November 9th. Investors of record on Wednesday, October 31st will be issued a $0.18 dividend. The ex-dividend date is Tuesday, October 30th. This represents a dividend yield of 12.16%. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.
In other AGNC Investment news, Director Morris A. Davis sold 6,797 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total transaction of $129,958.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.40% of the stock is owned by company insiders.
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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