Signition LP acquired a new position in AGNC Investment Corp. (NASDAQ:AGNC) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 19,645 shares of the real estate investment trust’s stock, valued at approximately $330,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFM Investors Pty Ltd grew its position in shares of AGNC Investment by 2.0% during the second quarter. IFM Investors Pty Ltd now owns 35,709 shares of the real estate investment trust’s stock worth $601,000 after purchasing an additional 695 shares in the last quarter. IPG Investment Advisors LLC grew its position in shares of AGNC Investment by 3.3% during the first quarter. IPG Investment Advisors LLC now owns 24,952 shares of the real estate investment trust’s stock worth $449,000 after purchasing an additional 800 shares in the last quarter. Advisory Services Network LLC grew its position in shares of AGNC Investment by 149.3% during the second quarter. Advisory Services Network LLC now owns 1,496 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 896 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of AGNC Investment by 276.9% during the first quarter. Global Retirement Partners LLC now owns 1,568 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,152 shares in the last quarter. Finally, Exane Derivatives grew its position in shares of AGNC Investment by 14.2% during the first quarter. Exane Derivatives now owns 9,757 shares of the real estate investment trust’s stock worth $176,000 after purchasing an additional 1,216 shares in the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on AGNC. ValuEngine cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Friday, August 16th. BidaskClub cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. cut their price target on AGNC Investment from $18.00 to $17.50 and set an “overweight” rating for the company in a report on Wednesday, July 24th. TheStreet cut AGNC Investment from a “c” rating to a “d+” rating in a report on Thursday, July 25th. Finally, Maxim Group restated a “buy” rating and set a $18.00 price target on shares of AGNC Investment in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. AGNC Investment has a consensus rating of “Hold” and an average price target of $18.17.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The firm had revenue of $123.00 million for the quarter, compared to analysts’ expectations of $289.69 million. AGNC Investment had a negative net margin of 62.31% and a positive return on equity of 11.47%. During the same quarter in the prior year, the business earned $0.63 EPS. As a group, research analysts predict that AGNC Investment Corp. will post 2.01 EPS for the current fiscal year.
The company also recently declared a aug 19 dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.16 per share. This represents a yield of 3.82%. The ex-dividend date of this dividend is Thursday, August 29th. AGNC Investment’s dividend payout ratio is presently 81.70%.
In other news, CEO Gary D. Kain purchased 97,802 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of $17.73 per share, for a total transaction of $1,734,029.46. Following the acquisition, the chief executive officer now directly owns 1,300 shares of the company’s stock, valued at approximately $23,049. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.
About AGNC Investment
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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