IFM Investors Pty Ltd grew its holdings in AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) by 26.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,029 shares of the real estate investment trust's stock after acquiring an additional 22,828 shares during the period. IFM Investors Pty Ltd's holdings in AGNC Investment were worth $1,441,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in AGNC. Joseph P. Lucia & Associates LLC purchased a new position in shares of AGNC Investment in the first quarter valued at about $26,000. O Dell Group LLC purchased a new position in shares of AGNC Investment in the first quarter valued at about $26,000. National Bank of Canada FI purchased a new position in shares of AGNC Investment in the fourth quarter valued at about $31,000. Lazard Asset Management LLC purchased a new position in shares of AGNC Investment in the fourth quarter valued at about $31,000. Finally, Johnson Financial Group Inc. lifted its position in shares of AGNC Investment by 126.0% in the fourth quarter. Johnson Financial Group Inc. now owns 2,780 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 1,550 shares in the last quarter. 47.52% of the stock is currently owned by hedge funds and other institutional investors.
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Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Royal Bank of Canada decreased their target price on AGNC Investment from $17.00 to $14.00 in a research report on Monday, May 16th. Maxim Group decreased their target price on AGNC Investment from $17.00 to $13.00 in a research report on Wednesday, May 4th. Keefe, Bruyette & Woods upgraded AGNC Investment from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $12.25 to $13.25 in a research report on Wednesday, June 8th. Piper Sandler upgraded AGNC Investment from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $13.50 to $13.00 in a research report on Thursday, May 5th. Finally, Credit Suisse Group decreased their target price on AGNC Investment to $12.50 and set a "na" rating on the stock in a research report on Monday, May 16th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, AGNC Investment presently has an average rating of "Hold" and a consensus price target of $13.00.
AGNC Investment Stock Down 0.5 %
Shares of NASDAQ AGNC opened at $12.25 on Friday. The business's 50 day moving average is $11.69 and its two-hundred day moving average is $12.52. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.27 and a quick ratio of 0.27. AGNC Investment Corp. has a 1-year low of $9.99 and a 1-year high of $16.75.
AGNC Investment (NASDAQ:AGNC – Get Rating) last issued its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.24. AGNC Investment had a positive return on equity of 19.20% and a negative net margin of 69.82%. The company had revenue of $315.00 million for the quarter, compared to analysts' expectations of $323.75 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm's revenue for the quarter was up 35.8% on a year-over-year basis. As a group, analysts anticipate that AGNC Investment Corp. will post 2.7 earnings per share for the current fiscal year.
AGNC Investment Announces Dividend
The firm also recently announced a jul 22 dividend, which will be paid on Tuesday, August 9th. Stockholders of record on Friday, July 29th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a dividend yield of 12.4%. AGNC Investment's dividend payout ratio is -75.39%.
AGNC Investment Profile
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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).
Further Reading
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