Cinctive Capital Management LP Grows Position in AGNC Investment Corp. (NASDAQ:AGNC)

Cinctive Capital Management LP increased its position in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 227.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 414,875 shares of the real estate investment trust's stock after acquiring an additional 288,347 shares during the quarter. Cinctive Capital Management LP's holdings in AGNC Investment were worth $4,340,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its holdings in AGNC Investment by 5.4% in the second quarter. CIBC Asset Management Inc now owns 19,712 shares of the real estate investment trust's stock valued at $188,000 after buying an additional 1,012 shares during the period. Paragon Capital Management Ltd grew its position in AGNC Investment by 3.6% in the third quarter. Paragon Capital Management Ltd now owns 30,717 shares of the real estate investment trust's stock valued at $321,000 after purchasing an additional 1,071 shares in the last quarter. Oak Thistle LLC raised its holdings in AGNC Investment by 4.9% during the second quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust's stock worth $256,000 after acquiring an additional 1,251 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in AGNC Investment by 52.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,661 shares of the real estate investment trust's stock worth $35,000 after buying an additional 1,255 shares during the last quarter. Finally, Hollencrest Capital Management lifted its stake in AGNC Investment by 0.6% in the 3rd quarter. Hollencrest Capital Management now owns 222,450 shares of the real estate investment trust's stock valued at $2,327,000 after purchasing an additional 1,290 shares during the last quarter. Institutional investors own 38.28% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AGNC shares. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a report on Wednesday, August 28th. Royal Bank of Canada boosted their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. StockNews.com lowered AGNC Investment from a "hold" rating to a "sell" rating in a research report on Saturday, October 19th. Finally, Wells Fargo & Company raised AGNC Investment from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $10.33.

AGNC Investment Stock Performance

Shares of NASDAQ:AGNC traded down $0.08 during midday trading on Tuesday, hitting $9.52. The company had a trading volume of 10,999,361 shares, compared to its average volume of 14,089,146. The company has a fifty day moving average of $9.93 and a two-hundred day moving average of $9.97. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 6.65 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. AGNC Investment Corp. has a 12-month low of $8.85 and a 12-month high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The business had revenue of $756.00 million during the quarter, compared to the consensus estimate of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same quarter in the prior year, the firm posted $0.65 EPS. On average, equities research analysts expect that AGNC Investment Corp. will post 1.94 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently disclosed a nov 24 dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.12 per share. This represents a dividend yield of 14.9%. The ex-dividend date of this dividend is Friday, November 29th. AGNC Investment's dividend payout ratio (DPR) is presently 100.00%.

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).