Ellevest Inc. reduced its position in shares of AGNC Investment Corp. (NASDAQ: AGNC – Get Rating ) by 30.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,764 shares of the real estate investment trust’s stock after selling 1,194 shares during the quarter. The holdings of Ellevest Inc. in AGNC Investment were worth $36,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Joseph P. Lucia & Associates LLC purchased a new position in shares of AGNC Investment in the 1st quarter valued at $26,000. TAP Consulting LLC purchased a new position in shares of AGNC Investment in the 4th quarter valued at $28,000. National Bank of Canada FI purchased a new position in shares of AGNC Investment in the 4th quarter valued at $31,000. Lazard Asset Management LLC bought a new position in shares of AGNC Investment in the 4th quarter valued at $31,000. Finally, Johnson Financial Group Inc. increased its position in shares of AGNC Investment by 126.0% in the 4th quarter. Johnson Financial Group Inc. now owns 2,780 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,550 shares in the last quarter. 47.52% of the shares are currently owned by institutional investors and hedge funds.
Shares of AGNC stock opened at $11.48 on Monday. The stock’s 50-day simple moving average is $11.65, and the 200-day simple moving average is $13.08. The company has a debt-to-equity ratio of 0.02, a quick earnings ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $6.01 billion, a PE ratio of -6.14 and a beta of 1.03. AGNC Investment Corp. has a fifty-two week low of $9.99 and a fifty-two week high of $17.11.
AGNC Investment (NASDAQ:AGNC – Get Rating) last announced its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.08. AGNC Investment had a positive return on equity of 18.40% and a negative net margin of 72.72%. During the same period last year, the firm earned $0.76 EPS. Sell-side analysts predict that AGNC Investment Corp. will report 2.34 earnings per share for the current year.
The company also recently disclosed a dividend from June 22nd, which will be paid on Tuesday, July 12th. Shareholders of record on Thursday, June 30th will be given a $0.12 dividend. This represents a dividend yield of 13.1%. The ex-dividend date of this dividend is Wednesday, June 29th. AGNC Investment’s dividend payout ratio is currently -77.01%.
A number of equities analysts recently weighed in on the company. Barclays reduced their price objective on AGNC Investment from $15.00 to $13.00 in a research note on Wednesday, April 27th. StockNews.com assumed coverage on AGNC Investment in a research note on Thursday, March 31st. They assign a “hold” rating to the company. Royal Bank of Canada cut their price objective on AGNC Investment from $17.00 to $14.00 in a research note on Monday, May 16th. Credit Suisse Group dropped their price objective on AGNC Investment to $12.50 and set a “no” rating for the company in a research note on Monday, May 16th. Finally, Keefe, Bruyette & Woods upgraded AGNC Investment from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $12.25 to $13.25 in a research note on Wednesday, June 8th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $13.44, according to MarketBeat.
AGNC Investment Company Profile (Get Rating)
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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