Qube Research & Technologies Ltd decreased its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) by 71.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 591,169 shares of the real estate investment trust's stock after selling 1,463,808 shares during the quarter. Qube Research & Technologies Ltd owned approximately 0.11% of AGNC Investment worth $7,744,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Equitable Holdings Inc. lifted its stake in AGNC Investment by 8.7% in the fourth quarter. Equitable Holdings Inc. now owns 40,349 shares of the real estate investment trust's stock valued at $607,000 after buying an additional 3,243 shares during the last quarter. abrdn plc lifted its stake in AGNC Investment by 2.4% in the fourth quarter. abrdn plc now owns 198,929 shares of the real estate investment trust's stock valued at $2,992,000 after buying an additional 4,756 shares during the last quarter. Capital Square LLC lifted its stake in AGNC Investment by 12.6% in the first quarter. Capital Square LLC now owns 14,123 shares of the real estate investment trust's stock valued at $185,000 after buying an additional 1,582 shares during the last quarter. Aviva PLC lifted its stake in AGNC Investment by 7.7% in the fourth quarter. Aviva PLC now owns 172,666 shares of the real estate investment trust's stock valued at $2,597,000 after buying an additional 12,355 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in AGNC Investment by 0.9% in the fourth quarter. Bank of America Corp DE now owns 3,070,633 shares of the real estate investment trust's stock valued at $46,182,000 after buying an additional 28,240 shares during the last quarter. Hedge funds and other institutional investors own 47.52% of the company's stock.
Get AGNC Investment alerts:AGNC Investment Trading Down 0.5 %
Shares of AGNC stock opened at $12.25 on Monday. The business's fifty day moving average price is $11.69 and its 200 day moving average price is $12.50. AGNC Investment Corp. has a 1-year low of $9.99 and a 1-year high of $16.75. The firm has a market capitalization of $6.41 billion, a PE ratio of -6.41 and a beta of 1.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.24 and a quick ratio of 0.24.
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 for the quarter, topping analysts' consensus estimates of $0.59 by $0.24. AGNC Investment had a positive return on equity of 20.36% and a negative net margin of 69.82%. The firm had revenue of $315.00 million for the quarter, compared to analyst estimates of $323.75 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. AGNC Investment's quarterly revenue was up 35.8% on a year-over-year basis. As a group, sell-side analysts forecast that AGNC Investment Corp. will post 2.7 EPS for the current fiscal year.AGNC Investment Announces Dividend
The firm also recently disclosed a jul 22 dividend, which will be paid on Tuesday, August 9th. Investors of record on Friday, July 29th will be issued a dividend of $0.12 per share. This represents a yield of 12.4%. The ex-dividend date of this dividend is Thursday, July 28th. AGNC Investment's dividend payout ratio is presently -75.39%.
Analysts Set New Price Targets
A number of brokerages have weighed in on AGNC. Credit Suisse Group reduced their price objective on AGNC Investment to $12.50 and set a "na" rating for the company in a research note on Monday, May 16th. JPMorgan Chase & Co. cut AGNC Investment from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $14.50 to $11.50 in a research note on Monday, April 25th. Maxim Group dropped their target price on AGNC Investment from $17.00 to $13.00 in a report on Wednesday, May 4th. Piper Sandler raised AGNC Investment from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $13.50 to $13.00 in a report on Thursday, May 5th. Finally, Barclays dropped their target price on AGNC Investment from $15.00 to $13.00 in a report on Wednesday, April 27th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $13.00.
About AGNC Investment
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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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