Barings LLC bought a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 33,900 shares of the real estate investment trust’s stock, valued at approximately $735,000.
Other institutional investors and hedge funds have also modified their holdings of the company. FNY Managed Accounts LLC bought a new stake in AGNC Investment during the 3rd quarter valued at approximately $104,000. Capstone Asset Management Co. bought a new stake in AGNC Investment during the 2nd quarter valued at approximately $219,000. Crossmark Global Holdings Inc. purchased a new position in AGNC Investment during the 3rd quarter valued at approximately $223,000. Summit Securities Group LLC grew its holdings in AGNC Investment by 25.2% during the 3rd quarter. Summit Securities Group LLC now owns 13,400 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 2,700 shares in the last quarter. Finally, Brookstone Capital Management grew its holdings in AGNC Investment by 19.2% during the 3rd quarter. Brookstone Capital Management now owns 15,599 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 2,517 shares in the last quarter. 65.74% of the stock is currently owned by institutional investors.
Several equities analysts have weighed in on AGNC shares. Zacks Investment Research upgraded AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a report on Tuesday, October 24th. Maxim Group restated a “buy” rating and set a $21.25 price target on shares of AGNC Investment in a report on Friday, October 27th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $19.00 price target on shares of AGNC Investment in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.18.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $178.00 million during the quarter, compared to analysts’ expectations of $177.50 million. AGNC Investment had a return on equity of 12.00% and a net margin of 145.02%. During the same quarter last year, the business posted $0.67 EPS. equities research analysts expect that AGNC Investment Corp. will post 2.54 earnings per share for the current fiscal year.
The business also recently announced a nov 17 dividend, which will be paid on Friday, December 8th. Stockholders of record on Thursday, November 30th will be issued a $0.18 dividend. This represents a dividend yield of 11%. The ex-dividend date is Wednesday, November 29th. AGNC Investment’s dividend payout ratio (DPR) is 53.33%.
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AGNC Investment Profile
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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