State of New Jersey Common Pension Fund D lifted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 14.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 255,789 shares of the real estate investment trust's stock after acquiring an additional 32,481 shares during the period. State of New Jersey Common Pension Fund D's holdings in AGNC Investment were worth $2,356,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of AGNC. Creative Planning raised its holdings in shares of AGNC Investment by 11.7% during the third quarter. Creative Planning now owns 189,905 shares of the real estate investment trust's stock valued at $1,984,000 after purchasing an additional 19,965 shares during the period. Blue Trust Inc. raised its holdings in shares of AGNC Investment by 315.9% in the third quarter. Blue Trust Inc. now owns 3,905 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 2,966 shares during the last quarter. Raymond James & Associates boosted its holdings in AGNC Investment by 3.3% during the third quarter. Raymond James & Associates now owns 1,222,595 shares of the real estate investment trust's stock worth $12,788,000 after purchasing an additional 38,690 shares during the last quarter. Signaturefd LLC increased its stake in AGNC Investment by 38.4% in the 3rd quarter. Signaturefd LLC now owns 11,562 shares of the real estate investment trust's stock valued at $121,000 after buying an additional 3,207 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of AGNC Investment by 14.0% during the 3rd quarter. Private Advisor Group LLC now owns 183,835 shares of the real estate investment trust's stock worth $1,923,000 after buying an additional 22,591 shares in the last quarter. 38.28% of the stock is owned by institutional investors.
AGNC Investment Stock Performance
Shares of AGNC stock traded down $0.05 during trading on Monday, reaching $10.49. 24,653,350 shares of the company's stock traded hands, compared to its average volume of 19,781,752. The firm's 50-day moving average is $9.74 and its 200 day moving average is $9.91. The company has a market capitalization of $9.29 billion, a P/E ratio of 10.81 and a beta of 1.48. AGNC Investment Corp. has a 1 year low of $8.92 and a 1 year high of $10.85. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01.
AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a return on equity of 21.92% and a net margin of 29.26%. Equities research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.
AGNC Investment Dividend Announcement
The business also recently announced a feb 25 dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Friday, February 28th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 28th. This represents a yield of 13.8%. AGNC Investment's dividend payout ratio is currently 148.46%.
Insider Buying and Selling at AGNC Investment
In other AGNC Investment news, CFO Bernice Bell sold 13,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now directly owns 372,226 shares in the company, valued at $3,737,149.04. This represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frances Spark sold 5,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the transaction, the director now directly owns 75,919 shares of the company's stock, valued at approximately $766,781.90. The trade was a 6.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.52% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on AGNC. Royal Bank of Canada restated an "outperform" rating and issued a $11.00 target price on shares of AGNC Investment in a research note on Thursday, January 30th. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods decreased their target price on AGNC Investment from $10.75 to $10.25 and set an "outperform" rating for the company in a research report on Wednesday, January 29th. Argus raised shares of AGNC Investment to a "hold" rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, AGNC Investment has an average rating of "Moderate Buy" and an average price target of $10.50.
Read Our Latest Stock Report on AGNC
About AGNC Investment
(
Free Report)
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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