Zurcher Kantonalbank Zurich Cantonalbank raised its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 20.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,702 shares of the real estate investment trust’s stock after purchasing an additional 11,747 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AGNC Investment were worth $1,319,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. KBC Group NV grew its holdings in shares of AGNC Investment by 1.2% in the fourth quarter. KBC Group NV now owns 746,780 shares of the real estate investment trust’s stock valued at $15,077,000 after acquiring an additional 8,957 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of AGNC Investment by 39.5% in the fourth quarter. Toronto Dominion Bank now owns 22,844 shares of the real estate investment trust’s stock valued at $462,000 after acquiring an additional 6,473 shares in the last quarter. Denali Advisors LLC bought a new position in shares of AGNC Investment in the fourth quarter valued at approximately $264,000. Boston Partners grew its holdings in shares of AGNC Investment by 32.5% in the fourth quarter. Boston Partners now owns 235,012 shares of the real estate investment trust’s stock valued at $4,745,000 after acquiring an additional 57,645 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings 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 valued at $133,000 after acquiring an additional 3,987 shares in the last quarter. 69.04% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ AGNC opened at $18.84 on Friday. AGNC Investment Corp. has a 1-year low of $18.85 and a 1-year high of $18.91. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 7.66 and a beta of -0.06. 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 announced its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. AGNC Investment had a return on equity of 11.85% and a net margin of 122.47%. The business had revenue of $225.00 million during the quarter, compared to analyst estimates of $240.82 million. During the same period in the prior year, the company earned $0.64 earnings per share. analysts anticipate that AGNC Investment Corp. will post 2.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Thursday, May 31st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Wednesday, May 30th. AGNC Investment’s payout ratio is currently 87.80%.
AGNC has been the subject of several research reports. Zacks Investment Research lowered AGNC Investment from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. BidaskClub lowered AGNC Investment from a “hold” rating to a “sell” rating in a report on Thursday, April 12th. Barclays reduced their price objective 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. 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 set a $21.25 price objective on shares of AGNC Investment in a report on Thursday, February 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.55.
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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