California Public Employees Retirement System raised its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 3.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,336,562 shares of the real estate investment trust’s stock after acquiring an additional 45,710 shares during the period. California Public Employees Retirement System’s holdings in AGNC Investment were worth $26,985,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. FNY Managed Accounts LLC purchased a new position in shares of AGNC Investment in the third quarter worth about $104,000. Chicago Partners Investment Group LLC increased 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 purchasing an additional 4,100 shares in the last quarter. Victory Capital Management Inc. increased 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 purchasing an additional 3,987 shares in the last quarter. National Pension Service purchased a new position in shares of AGNC Investment in the fourth quarter worth about $179,000. Finally, Dana Investment Advisors Inc. purchased a new position in shares of AGNC Investment in the third quarter worth about $214,000. Hedge funds and other institutional investors own 65.60% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.50 target price on shares of AGNC Investment in a research note on Thursday, February 1st. Maxim Group reiterated a “buy” rating and issued a $21.25 target price on shares of AGNC Investment in a research note on Thursday, February 1st. BidaskClub upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Zacks Investment Research downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Barclays reduced their target price on shares of AGNC Investment from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. 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 stock. The stock currently 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 that occurred on Friday, February 9th. The shares were sold at an average price of $18.54, for a total transaction of $250,290.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.47% of the stock is currently owned by insiders.
AGNC Investment Corp. (NASDAQ:AGNC) opened at $19.39 on Monday. The company has a market cap of $7,590.00, a P/E ratio of 9.89 and a beta of -0.01. AGNC Investment Corp. has a 12 month low of $17.94 and a 12 month high of $22.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.24 and a current ratio of 0.24.
AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $212.00 million during the quarter, compared to analysts’ expectations of $204.32 million. AGNC Investment had a net margin of 86.72% and a return on equity of 12.17%. During the same quarter in the previous year, the company earned $0.64 earnings per share. equities analysts forecast that AGNC Investment Corp. will post 2.41 EPS for the current year.
The company also recently disclosed a feb 18 dividend, which will be paid on Thursday, March 8th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a yield of 11.45%. AGNC Investment’s dividend payout ratio is currently 110.20%.
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About AGNC Investment
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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