Stephens Inc. AR increased its holdings in shares of AGNC Investment Corp. (NASDAQ: AGNC – Get Rating ) by 42.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,976 shares of the real estate investment trust’s stock after buying an additional 10,154 shares during the quarter. The holdings of Stephens Inc. AR’s holdings in AGNC Investment were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in AGNC Investment by 0.4% in the first quarter. Vanguard Group Inc. now owns 47,592,760 shares of the real estate investment trust’s stock valued at $623,465,000 after purchasing an additional 176,213 shares during the period. Northern Trust Corp boosted its stake in AGNC Investment by 28.6% in the second quarter. Northern Trust Corp now owns 6,052,716 shares of the real estate investment trust’s stock valued at $67,004,000 after acquiring an additional 1,346,753 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in AGNC Investment by 16.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,334,100 shares of the real estate investment trust’s stock valued at $44,912,000 after acquiring an additional 750,393 shares during the last quarter. Equity Investment Corp boosted its stake in AGNC Investment by 5.9% during the second quarter. Equity Investment Corp now owns 4,251,586 shares of the real estate investment trust’s stock valued at $47,065,000 after acquiring an additional 237,142 shares during the last quarter. Finally, Centiva Capital LP boosted its stake in AGNC Investment by 698.0% in the second quarter. Centiva Capital LP now owns 2,990,016 shares of the real estate investment trust’s stock valued at $33,100,000 after acquiring an additional 3,490,016 shares during the last quarter. 40.87% of the shares are currently owned by hedge funds and other institutional investors.
AGNC Investment Trading down 0.7%
Shares of AGNC stock opened at $11.50 on Wednesday. The company has a market cap of $6.57 billion, a P/E ratio of -3.22 and a beta of 1.15. AGNC Investment Corp. has a one year low of $7.30 and a one year high of $15.21. The company has a debt-to-equity ratio of 0.02, a quick earnings ratio of 0.25, and a current ratio of 0.25. The stock has a 50-day moving average of $10.38 and a 200-day moving average of $10.50.
AGNC Investment (NASDAQ:AGNC – Get Rating) last posted its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.15. The firm had revenue of $177.00 million during the quarter, compared to the consensus estimate of $363.05 million. AGNC Investment had a positive return on equity of 23.64% and a negative net margin of 128.56%. AGNC Investment’s revenue for the quarter was down 36.6% on a year-over-year basis. In the same quarter last year, the business reported $0.75 earnings per share. Sell-side analysts predict that AGNC Investment Corp. will post 3.05 EPS for the current fiscal year.
Investment Dividend Announcement from AGNC
The company also recently announced a dividend for January 23rd, which will be paid on Thursday, February 9th. Stockholders of record on Tuesday, January 31st will be paid a dividend of $0.12 per share. This represents a yield of 12.7%. The ex-dividend date is Monday, January 30th. AGNC Investment’s dividend payout ratio is currently -40.34%.
Wall Street analysts forecast growth
AGNC has been the subject of several reports by researchers. Piper Sandler reduced their price objective on AGNC Investment from $13.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, September 30th. Royal Bank of Canada decreased their price objective on AGNC Investment from $13.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, October 5th. Credit Suisse Group boosted their target price on AGNC Investment to $9.50 in a research note on Friday, December 2nd. UBS Group decreased their target price on AGNC Investment to $8.50 in a research note on Friday, November 4th. Finally, StockNews.com began coverage on AGNC Investment in a research note on Wednesday, October 12th. They issued a “hold” rating on the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.55, according to MarketBeat.
AGNC Investment Company 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-backed securities and collateralized mortgage obligations (CMOs) for which principal and interest payments are guaranteed by a government-sponsored entity such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) or by a United States government agency such as the Government National Mortgage Association (Ginnie Mae) (collectively the GSEs).
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