Russell Investments Group Ltd. raised its stake in shares of AGNC Investment Corp. (NASDAQ: AGNC – Get Rating ) by 39.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 57,552 shares of the real estate investment trust’s stock after buying an additional 16,319 shares during the period. The holdings of Russell Investments Group Ltd. in AGNC Investment were worth $753,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in AGNC Investment by 23.7% in the first quarter. Janney Montgomery Scott LLC now owns 107,630 shares of the real estate investment trust’s stock valued at $1,410,000 after buying an additional 20,618 shares in the last quarter. Crescent Grove Advisors LLC bought a new position in shares of AGNC Investment during the first quarter valued at approximately $205,000. Wolverine Asset Management LLC raised its stake in shares of AGNC Investment by 31.2% during the first quarter. Wolverine Asset Management LLC now owns 1,066,183 shares of the real estate investment trust’s stock valued at $13,966,000 after buying an additional 253,764 shares in the last quarter. Prospera Financial Services Inc purchased a new position in shares of AGNC Investment in the first quarter valued at approximately $53,000. Finally, Stephens Inc. AR boosted its stake in shares of AGNC Investment by 5.2% in the first quarter. Stephens Inc. AR now owns 29,826 shares of the real estate investment trust’s stock valued at $391,000 after purchasing an additional 1,472 shares in the last quarter. Institutional investors and hedge funds own 47.52% of the company’s shares.
Analysts set new price targets
A number of research firms recently commented on AGNC. Credit Suisse Group decreased their target price on shares of AGNC Investment to $12.50 and set a “neutral” rating on the stock in a report on Monday, May 16th. Maxim Group cut their target price on shares of AGNC Investment from $17.00 to $13.00 in a report on Wednesday, May 4th. Barclays cut their target price on shares of AGNC Investment from $15.00 to $13.00 in a report on Wednesday, April 27th. Keefe, Bruyette & Woods raised shares of AGNC Investment from a “market perform” rating to an “outperform” rating and upped their target price for the company from $12.25 to $13.25 in a report on Wednesday, June 8th. Finally, Royal Bank of Canada cut their target price on shares of AGNC Investment from $17.00 to $14.00 in a report on Monday, May 16th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $13.00, based on data from MarketBeat.
AGNC Investment Stock down 1.3%
Shares of NASDAQ:AGNC opened at $12.51 on Friday. AGNC Investment Corp. it has a 52-week low of $9.99 and a 52-week high of $16.75. The firm has a fifty day moving average of $11.79 and a 200 day moving average of $12.37. The firm has a market cap of $6.54 billion, a PE ratio of -6.55 and a beta of 1.07. The company has a debt-to-equity ratio of 0.02, a quick earnings ratio of 0.24, and a current ratio of 0.24.
AGNC Investment (NASDAQ:AGNC – Get Rating) last announced its earnings results on Monday, July 25th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.24. AGNC Investment had a negative net margin of 69.82% and a positive return on equity of 20.36%. The company had revenue of $315.00 million during the quarter, compared to analyst estimates of $323.75 million. During the same period in the previous year, the business earned $0.76 earnings per share. The company’s quarterly revenue was up 35.8% compared to the same quarter last year. As a group, research analysts expect that AGNC Investment Corp. will post 2.7 EPS for the current fiscal year.
AGNC Investment announces dividend
The business also recently announced a dividend from August 22nd, which will be paid on Monday, September 12th. Investors of record on Wednesday, August 31st will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a yield of 11.3%. AGNC Investment’s dividend payout ratio (DPR) is currently -75.39%.
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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