New York State Common Retirement Fund lifted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 15.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 958,300 shares of the real estate investment trust’s stock after buying an additional 131,300 shares during the period. New York State Common Retirement Fund owned about 0.24% of AGNC Investment worth $20,776,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Capstone Asset Management Co. acquired a new position in shares of AGNC Investment during the second quarter worth $219,000. Crossmark Global Holdings Inc. acquired a new position in shares of AGNC Investment during the third quarter worth $223,000. Summit Securities Group LLC increased its holdings in shares of AGNC Investment by 25.2% during the third quarter. Summit Securities Group LLC now owns 13,400 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 2,700 shares in the last quarter. Brookstone Capital Management increased its holdings in shares of AGNC Investment by 19.2% during the third quarter. Brookstone Capital Management now owns 15,599 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 2,517 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of AGNC Investment by 55.2% during the second quarter. Private Advisor Group LLC now owns 27,518 shares of the real estate investment trust’s stock worth $590,000 after buying an additional 9,784 shares in the last quarter. Institutional investors own 65.74% of the company’s stock.
Shares of AGNC Investment Corp. (AGNC) opened at $20.31 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.05. AGNC Investment Corp. has a one year low of $17.30 and a one year high of $22.34. The firm has a market cap of $7,950.00, a price-to-earnings ratio of 8.00 and a beta of 0.14.
AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. AGNC Investment had a net margin of 145.02% and a return on equity of 12.00%. The company had revenue of $178.00 million for the quarter, compared to analysts’ expectations of $177.50 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. analysts forecast that AGNC Investment Corp. will post 2.55 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 9th. Investors of record on Friday, December 29th will be paid a $0.18 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.16 annualized dividend and a dividend yield of 10.64%. AGNC Investment’s dividend payout ratio is 53.33%.
Several research analysts have recently issued reports on AGNC shares. Maxim Group reiterated a “buy” rating and set a $21.25 price target on shares of AGNC Investment in a report on Friday, October 27th. Zacks Investment Research raised shares of AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, October 24th. Wells Fargo & Company reissued a “market perform” rating and issued a $19.00 price objective on shares of AGNC Investment in a research note on Friday, December 1st. Finally, BidaskClub cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.38.
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 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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