Strs Ohio lifted its position in AGNC Investment Corp. (NASDAQ:AGNC) by 25.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 48,546 shares of the real estate investment trust’s stock after acquiring an additional 9,794 shares during the period. Strs Ohio’s holdings in AGNC Investment were worth $904,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in AGNC. Qube Research & Technologies Ltd bought a new position in shares of AGNC Investment in the second quarter valued at $127,000. CIBC Private Wealth Group LLC grew its stake in shares of AGNC Investment by 6,645.0% in the second quarter. CIBC Private Wealth Group LLC now owns 8,094 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 7,974 shares in the last quarter. NEXT Financial Group Inc bought a new position in shares of AGNC Investment in the third quarter valued at $170,000. First Hawaiian Bank bought a new position in shares of AGNC Investment in the third quarter valued at $170,000. Finally, Murphy Capital Management Inc. bought a new position in shares of AGNC Investment in the third quarter valued at $186,000. 58.95% of the stock is owned by institutional investors and hedge funds.
AGNC stock opened at $17.67 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.29 and a quick ratio of 0.29. AGNC Investment Corp. has a one year low of $17.57 and a one year high of $20.84. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 7.18, a P/E/G ratio of 2.42 and a beta of 0.10.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.02. AGNC Investment had a net margin of 125.99% and a return on equity of 12.39%. The firm had revenue of $188.00 million during the quarter, compared to analysts’ expectations of $324.65 million. During the same period in the previous year, the business posted $0.62 earnings per share. As a group, sell-side analysts anticipate that AGNC Investment Corp. will post 2.44 earnings per share for the current fiscal year.
The business also recently disclosed a oct 18 dividend, which will be paid on Friday, November 9th. Shareholders of record on Wednesday, October 31st will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, October 30th. This represents a yield of 12.16%. AGNC Investment’s dividend payout ratio (DPR) is 87.80%.
In related news, Director Larry K. Harvey acquired 4,000 shares of AGNC Investment stock in a transaction on Tuesday, October 30th. The stock was purchased at an average cost of $17.74 per share, with a total value of $70,960.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Morris A. Davis sold 6,797 shares of AGNC Investment stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $19.12, for a total transaction of $129,958.64. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
AGNC has been the subject of several analyst reports. Zacks Investment Research raised shares of AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday, September 24th. BidaskClub raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. JPMorgan Chase & Co. raised their target price on shares of AGNC Investment from $18.00 to $18.50 and gave the company a “$19.11” rating in a research note on Monday, July 23rd. Barclays decreased their target price on shares of AGNC Investment from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, October 26th. Finally, Maxim Group raised their target price on shares of AGNC Investment from $19.25 to $19.75 and gave the company a “buy” rating in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.29.
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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