Envestnet Asset Management Inc. decreased its position in shares of AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) by 10.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 366,883 shares of the real estate investment trust's stock after selling 43,716 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of AGNC Investment worth $4,806,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of AGNC. Joseph P. Lucia & Associates LLC bought a new position in shares of AGNC Investment during the first quarter worth $26,000. Lazard Asset Management LLC acquired a new stake in AGNC Investment during the 4th quarter worth $31,000. Johnson Financial Group Inc. raised its stake in AGNC Investment by 126.0% during the 4th quarter. Johnson Financial Group Inc. now owns 2,780 shares of the real estate investment trust's stock worth $42,000 after buying an additional 1,550 shares during the period. Destiny Wealth Partners LLC bought a new position in AGNC Investment during the first quarter worth about $42,000. Finally, Front Row Advisors LLC grew its stake in AGNC Investment by 300.0% in the fourth quarter. Front Row Advisors LLC now owns 3,000 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 2,250 shares during the period. Institutional investors and hedge funds own 47.52% of the company's stock.
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Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Maxim Group cut their price objective on AGNC Investment from $17.00 to $13.00 in a report on Wednesday, May 4th. Piper Sandler upgraded shares of AGNC Investment from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $13.50 to $13.00 in a report on Thursday, May 5th. Barclays dropped their price objective on shares of AGNC Investment from $15.00 to $13.00 in a report on Wednesday, April 27th. Credit Suisse Group reduced their target price on shares of AGNC Investment to $12.50 and set a "na" rating for the company in a research note on Monday, May 16th. Finally, Royal Bank of Canada dropped their price target on AGNC Investment from $17.00 to $14.00 in a research note on Monday, May 16th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $13.00.
AGNC Investment Price Performance
Shares of NASDAQ AGNC opened at $12.78 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.24 and a quick ratio of 0.24. The business has a 50-day moving average of $11.73 and a 200-day moving average of $12.45. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of -6.69 and a beta of 1.07. AGNC Investment Corp. has a fifty-two week low of $9.99 and a fifty-two week high of $16.75.
AGNC Investment (NASDAQ:AGNC – Get Rating) last posted its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates 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 was up 35.8% compared to the same quarter last year. During the same period last year, the company earned $0.76 earnings per share. As a group, sell-side analysts predict that AGNC Investment Corp. will post 2.7 earnings per share for the current fiscal year.
AGNC Investment Dividend Announcement
The company also recently declared a aug 22 dividend, which will be paid on Monday, September 12th. Shareholders of record on Wednesday, August 31st will be paid a $0.12 dividend. AGNC Investment's dividend payout ratio is currently -75.39%.
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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