Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its position in AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 129,036 shares of the real estate investment trust's stock after selling 2,461 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.'s holdings in AGNC Investment were worth $1,690,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators raised its holdings in AGNC Investment by 7.0% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 11,324 shares of the real estate investment trust's stock worth $170,000 after purchasing an additional 744 shares during the period. BT Wealth Management LLC raised its holdings in AGNC Investment by 6.7% in the first quarter. BT Wealth Management LLC now owns 13,500 shares of the real estate investment trust's stock worth $177,000 after purchasing an additional 850 shares during the period. Virginia Retirement Systems ET AL raised its holdings in AGNC Investment by 1.3% in the fourth quarter. Virginia Retirement Systems ET AL now owns 77,000 shares of the real estate investment trust's stock worth $1,158,000 after purchasing an additional 1,000 shares during the period. Brookstone Capital Management raised its holdings in AGNC Investment by 3.5% in the first quarter. Brookstone Capital Management now owns 30,887 shares of the real estate investment trust's stock worth $386,000 after purchasing an additional 1,055 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in AGNC Investment by 0.6% in the fourth quarter. Victory Capital Management Inc. now owns 230,324 shares of the real estate investment trust's stock worth $3,464,000 after purchasing an additional 1,313 shares during the period. 47.52% of the stock is currently owned by institutional investors and hedge funds.
Get AGNC Investment alerts:Wall Street Analyst Weigh In
AGNC has been the topic of a number of research analyst reports. 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 decreased their target price on shares of AGNC Investment to $12.50 and set a "na" rating for the company in a research report on Monday, May 16th. Royal Bank of Canada decreased their target price on shares of AGNC Investment from $17.00 to $14.00 in a research report on Monday, May 16th. JPMorgan Chase & Co. downgraded shares of AGNC Investment from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $14.50 to $11.50 in a research report on Monday, April 25th. Finally, Keefe, Bruyette & Woods raised shares of AGNC Investment from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $12.25 to $13.25 in a research report on Wednesday, June 8th. Five investment 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.com, the stock presently has an average rating of "Hold" and a consensus price target of $13.00.
AGNC Investment Trading Up 0.8 %
Shares of AGNC Investment stock opened at $12.78 on Friday. AGNC Investment Corp. has a twelve month low of $9.99 and a twelve month high of $16.75. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.02. The company has a 50-day simple moving average of $11.73 and a two-hundred day simple moving average of $12.44.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 negative net margin of 69.82% and a positive return on equity of 20.36%. The business had revenue of $315.00 million during the quarter, compared to analysts' expectations of $323.75 million. During the same quarter in the previous year, the company earned $0.76 EPS. The business's revenue was up 35.8% on a year-over-year basis. Equities research analysts predict that AGNC Investment Corp. will post 2.7 EPS for the current year.
AGNC Investment Dividend Announcement
The company also recently announced a aug 22 dividend, which will be paid on Monday, September 12th. Stockholders of record on Wednesday, August 31st will be given a $0.12 dividend. The ex-dividend date is Tuesday, August 30th. AGNC Investment's payout ratio is presently -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).
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