DNB Asset Management AS raised its position in AGNC Investment Corp. (NASDAQ:AGNC) by 155.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,131 shares of the real estate investment trust’s stock after purchasing an additional 112,120 shares during the quarter. DNB Asset Management AS’s holdings in AGNC Investment were worth $3,255,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new stake in shares of AGNC Investment in the third quarter worth $29,000. Synovus Financial Corp grew its position in AGNC Investment by 37.7% in the third quarter. Synovus Financial Corp now owns 2,316 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 634 shares in the last quarter. Meeder Asset Management Inc. grew its position in AGNC Investment by 80.8% in the third quarter. Meeder Asset Management Inc. now owns 3,386 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,513 shares in the last quarter. Penserra Capital Management LLC increased its stake in AGNC Investment by 53.3% in the 3rd quarter. Penserra Capital Management LLC now owns 7,317 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 2,544 shares during the last quarter. Finally, Accurate Investment Solutions Inc. acquired a new stake in AGNC Investment in the 4th quarter valued at $146,000. 67.25% of the stock is currently owned by hedge funds and other institutional investors.
In other AGNC Investment news, Director Morris A. Davis bought 7,350 shares of AGNC Investment stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $17.02 per share, for a total transaction of $125,097.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.
Shares of NASDAQ:AGNC opened at $18.21 on Friday. AGNC Investment Corp. has a 52-week low of $14.51 and a 52-week high of $18.31. The company has a market capitalization of $9.85 billion, a P/E ratio of 7.75, a price-to-earnings-growth ratio of 2.84 and a beta of 0.25. The company has a 50-day simple moving average of $17.66 and a 200 day simple moving average of $16.82. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.08 and a current ratio of 0.08.
AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.11. The firm had revenue of $119.00 million for the quarter, compared to the consensus estimate of $280.17 million. AGNC Investment had a positive return on equity of 11.89% and a negative net margin of 84.94%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. As a group, equities analysts forecast that AGNC Investment Corp. will post 2.12 earnings per share for the current year.
The firm also recently disclosed a jan 20 dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be given a $0.16 dividend. The ex-dividend date is Thursday, January 30th. This represents a dividend yield of 10.7%. AGNC Investment’s payout ratio is 81.70%.
AGNC has been the topic of several recent analyst reports. BidaskClub lowered AGNC Investment from a “buy” rating to a “hold” rating in a research report on Saturday, December 7th. Wedbush began coverage on AGNC Investment in a report on Thursday, January 9th. They issued a “neutral” rating and a $18.25 price objective for the company. ValuEngine raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Maxim Group reissued a “buy” rating and issued a $18.00 target price on shares of AGNC Investment in a research note on Friday, November 1st. Finally, Zacks Investment Research upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating and set a $18.00 target price on the stock in a report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. AGNC Investment has a consensus rating of “Hold” and an average target price of $17.46.
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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