Murphy Capital Management Inc. acquired a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 10,000 shares of the real estate investment trust’s stock, valued at approximately $186,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. CIBC Asset Management Inc lifted its holdings in AGNC Investment by 6.3% during the second quarter. CIBC Asset Management Inc now owns 46,967 shares of the real estate investment trust’s stock valued at $873,000 after purchasing an additional 2,776 shares in the last quarter. First Allied Advisory Services Inc. lifted its stake in shares of AGNC Investment by 9.8% in the second quarter. First Allied Advisory Services Inc. now owns 33,520 shares of the real estate investment trust’s stock worth $623,000 after buying an additional 3,004 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of AGNC Investment by 10.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 32,931 shares of the real estate investment trust’s stock worth $612,000 after buying an additional 3,205 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of AGNC Investment by 2.0% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 163,949 shares of the real estate investment trust’s stock worth $3,048,000 after buying an additional 3,279 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in shares of AGNC Investment by 23.0% in the first quarter. Wesbanco Bank Inc. now owns 18,685 shares of the real estate investment trust’s stock worth $354,000 after buying an additional 3,500 shares in the last quarter. 57.71% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:AGNC opened at $17.76 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $8.90 billion and a PE ratio of 7.29. AGNC Investment Corp. has a twelve month low of $17.71 and a twelve month high of $21.90.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. AGNC Investment had a net margin of 134.01% and a return on equity of 11.69%. The firm had revenue of $177.00 million for the quarter, compared to the consensus estimate of $274.15 million. During the same period last year, the firm posted $0.60 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts anticipate that AGNC Investment Corp. will post 2.44 earnings per share for the current year.
The company also recently announced a oct 18 dividend, which will be paid on Friday, November 9th. Shareholders of record on Wednesday, October 31st will be paid a dividend of $0.18 per share. This represents a yield of 12.16%. The ex-dividend date is Tuesday, October 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.
In other AGNC Investment news, Director Morris A. Davis sold 6,797 shares of AGNC Investment stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total transaction of $129,958.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.
Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research raised shares of AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Monday, September 24th. Barclays reissued a “hold” rating and issued a $19.00 price target on shares of AGNC Investment in a research note on Wednesday, September 12th. Maxim Group raised their price target on shares of AGNC Investment from $19.25 to $19.75 and gave the stock a “buy” rating in a research note on Friday, July 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of AGNC Investment from $18.00 to $18.50 and gave the stock a “$19.11” rating in a research note on Monday, July 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $19.46.
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).
See Also: Dividend
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