Prospera Financial Services Inc purchased a new position in AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,053 shares of the real estate investment trust's stock, valued at approximately $53,000.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Stephens Inc. AR grew 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 worth $391,000 after purchasing an additional 1,472 shares in the last quarter. Banque Pictet & Cie SA lifted its holdings in shares of AGNC Investment by 38.6% in the first quarter. Banque Pictet & Cie SA now owns 269,345 shares of the real estate investment trust's stock valued at $3,528,000 after buying an additional 75,064 shares during the period. Brio Consultants LLC acquired a new stake in shares of AGNC Investment in the first quarter valued at $297,000. Shell Asset Management Co. lifted its holdings in shares of AGNC Investment by 4.5% in the first quarter. Shell Asset Management Co. now owns 160,599 shares of the real estate investment trust's stock valued at $2,104,000 after buying an additional 6,976 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of AGNC Investment by 2.2% in the first quarter. Arizona State Retirement System now owns 146,112 shares of the real estate investment trust's stock valued at $1,914,000 after buying an additional 3,198 shares during the period. Institutional investors own 47.52% of the company's stock.
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AGNC Investment Stock Up 1.3 %
Shares of AGNC Investment stock opened at $12.41 on Tuesday. The stock has a 50-day moving average price of $11.69 and a 200 day moving average price of $12.48. The company has a market cap of $6.49 billion, a P/E ratio of -6.50 and a beta of 1.07. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.02. 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 announced its quarterly earnings data 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. The firm had revenue of $315.00 million during the quarter, compared to the consensus estimate of $323.75 million. AGNC Investment had a positive return on equity of 20.36% and a negative net
margin of 69.82%. The business's revenue for the quarter was up 35.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. As a group, analysts expect that AGNC Investment Corp. will post 2.7 EPS for the current fiscal year.
AGNC Investment Announces Dividend
The company also recently announced a jul 22 dividend, which will be paid on Tuesday, August 9th. Shareholders of record on Friday, July 29th will be given a $0.12 dividend. This represents a yield of 12.4%. The ex-dividend date of this dividend is Thursday, July 28th. AGNC Investment's payout ratio is currently -75.39%.
Analyst Ratings Changes
AGNC has been the subject of several research analyst reports. Credit Suisse Group cut their price objective on AGNC Investment to $12.50 and set a "na" rating for the company in a report on Monday, May 16th. Maxim Group cut their price objective on AGNC Investment from $17.00 to $13.00 in a report on Wednesday, May 4th. JPMorgan Chase & Co. downgraded AGNC Investment from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $14.50 to $11.50 in a report on Monday, April 25th. Piper Sandler raised AGNC Investment from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $13.50 to $13.00 in a report on Thursday, May 5th. Finally, Keefe, Bruyette & Woods raised 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. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, AGNC Investment has a consensus rating of "Hold" and an average target price of $13.00.
AGNC Investment Company 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).
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