Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 7.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,026 shares of the real estate investment trust’s stock after purchasing an additional 4,542 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in AGNC Investment Corp. were worth $1,388,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of AGNC Investment Corp. by 17.6% in the second quarter. Wells Fargo & Company MN now owns 6,611,039 shares of the real estate investment trust’s stock valued at $140,749,000 after purchasing an additional 987,395 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of AGNC Investment Corp. by 35.0% in the second quarter. Acadian Asset Management LLC now owns 5,610,700 shares of the real estate investment trust’s stock valued at $119,451,000 after purchasing an additional 1,453,704 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of AGNC Investment Corp. by 38.3% in the third quarter. Aperio Group LLC now owns 1,543,880 shares of the real estate investment trust’s stock valued at $33,471,000 after purchasing an additional 427,944 shares in the last quarter. Martingale Asset Management L P lifted its holdings in shares of AGNC Investment Corp. by 372.2% in the second quarter. Martingale Asset Management L P now owns 1,042,044 shares of the real estate investment trust’s stock valued at $22,186,000 after purchasing an additional 821,363 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK lifted its holdings in shares of AGNC Investment Corp. by 9.8% in the second quarter. Aberdeen Asset Management PLC UK now owns 844,469 shares of the real estate investment trust’s stock valued at $17,979,000 after purchasing an additional 75,467 shares in the last quarter. Institutional investors own 58.61% of the company’s stock.
Shares of AGNC Investment Corp. (AGNC) opened at $19.82 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.24 and a quick ratio of 0.24. AGNC Investment Corp. has a 52-week low of $17.30 and a 52-week high of $22.34. The stock has a market capitalization of $7,649.83, a price-to-earnings ratio of 7.70 and a beta of 0.15.
AGNC Investment Corp. (NASDAQ:AGNC) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. AGNC Investment Corp. had a return on equity of 12.00% and a net margin of 145.02%. The business had revenue of $178.00 million during the quarter, compared to the consensus estimate of $177.50 million. During the same period last year, the business posted $0.67 earnings per share. equities analysts predict that AGNC Investment Corp. will post 2.54 EPS for the current fiscal year.
The company also recently announced a oct 17 dividend, which was paid on Thursday, November 9th. Shareholders of record on Tuesday, October 31st were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, October 30th. AGNC Investment Corp.’s dividend payout ratio is currently 53.20%.
A number of brokerages recently commented on AGNC. Zacks Investment Research upgraded AGNC Investment Corp. from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a report on Tuesday, October 24th. Maxim Group reiterated a “buy” rating and set a $21.25 price target on shares of AGNC Investment Corp. in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. AGNC Investment Corp. presently has a consensus rating of “Hold” and an average target price of $20.28.
AGNC Investment Corp. Profile
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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