Two Sigma Advisers LP trimmed its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 16.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,385,324 shares of the real estate investment trust’s stock after selling 671,058 shares during the period. Two Sigma Advisers LP owned 0.64% of AGNC Investment worth $59,379,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Winslow Evans & Crocker Inc. acquired a new stake in shares of AGNC Investment in the fourth quarter valued at about $28,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of AGNC Investment in the fourth quarter valued at about $35,000. Bronfman E.L. Rothschild L.P. raised its position in shares of AGNC Investment by 64.6% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,125 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 834 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in shares of AGNC Investment in the fourth quarter valued at about $45,000. Finally, Private Capital Group LLC raised its position in shares of AGNC Investment by 132.0% in the fourth quarter. Private Capital Group LLC now owns 2,647 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,506 shares during the last quarter. Institutional investors and hedge funds own 67.63% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. BidaskClub cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. Keefe, Bruyette & Woods upgraded shares of AGNC Investment from a “market perform” rating to an “outperform” rating in a research report on Sunday, January 13th. Barclays upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $18.00 to $19.00 in a research report on Friday, December 14th. Finally, Maxim Group reiterated a “buy” rating and issued a $18.00 target price on shares of AGNC Investment in a research report on Thursday, January 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $18.75.
AGNC traded down $0.05 during trading on Wednesday, hitting $17.96. The stock had a trading volume of 580,050 shares, compared to its average volume of 4,879,421. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $9.66 billion, a P/E ratio of 7.64, a P/E/G ratio of 2.64 and a beta of 0.17. AGNC Investment Corp. has a twelve month low of $16.96 and a twelve month high of $19.72.
AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Wednesday, January 30th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.06). The firm had revenue of $186.00 million during the quarter, compared to analyst estimates of $341.58 million. AGNC Investment had a net margin of 11.85% and a return on equity of 11.86%. During the same period in the prior year, the firm posted $0.63 earnings per share. Sell-side analysts predict that AGNC Investment Corp. will post 2.29 EPS for the current year.
The business also recently announced a mar 19 dividend, which will be paid on Tuesday, April 9th. Shareholders of record on Friday, March 29th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a dividend yield of 11.98%. AGNC Investment’s payout ratio is currently 91.91%.
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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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