Davidson Investment Advisors trimmed its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 507,365 shares of the real estate investment trust’s stock after selling 10,305 shares during the period. Davidson Investment Advisors owned about 0.09% of AGNC Investment worth $8,164,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in AGNC. Nuveen Asset Management LLC purchased a new position in shares of AGNC Investment in the second quarter valued at about $61,511,000. Scout Investments Inc. lifted its position in shares of AGNC Investment by 57.5% in the second quarter. Scout Investments Inc. now owns 9,067,334 shares of the real estate investment trust’s stock worth $152,513,000 after buying an additional 3,310,432 shares in the last quarter. BlackRock Inc. lifted its position in shares of AGNC Investment by 5.5% in the second quarter. BlackRock Inc. now owns 57,356,164 shares of the real estate investment trust’s stock worth $964,732,000 after buying an additional 2,995,801 shares in the last quarter. Carillon Tower Advisers Inc. lifted its position in shares of AGNC Investment by 60.1% in the second quarter. Carillon Tower Advisers Inc. now owns 6,236,700 shares of the real estate investment trust’s stock worth $104,901,000 after buying an additional 2,340,200 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its position in shares of AGNC Investment by 9.1% in the second quarter. State Treasurer State of Michigan now owns 26,482,030 shares of the real estate investment trust’s stock worth $445,428,000 after buying an additional 2,200,000 shares in the last quarter. Institutional investors and hedge funds own 64.84% of the company’s stock.
A number of equities research analysts recently commented on AGNC shares. BidaskClub upgraded AGNC Investment from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Royal Bank of Canada started coverage on AGNC Investment in a research report on Wednesday, October 2nd. They issued a “sector perform” rating and a $16.00 target price on the stock. Maxim Group reiterated a “buy” rating and issued a $18.00 target price on shares of AGNC Investment in a research report on Friday, November 1st. ValuEngine upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. decreased their target price on AGNC Investment from $18.00 to $17.50 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.57.
AGNC stock traded up $0.02 during midday trading on Tuesday, reaching $17.37. 44,996 shares of the company traded hands, compared to its average volume of 4,227,505. AGNC Investment Corp. has a 52-week low of $14.51 and a 52-week high of $18.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.08 and a current ratio of 0.08. The business has a 50 day moving average of $16.43 and a 200-day moving average of $16.67. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 7.36, a P/E/G ratio of 2.75 and a beta of 0.26.
AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.11. AGNC Investment had a positive return on equity of 11.89% and a negative net margin of 84.94%. The business had revenue of $119.00 million for the quarter, compared to the consensus estimate of $280.17 million. During the same period in the prior year, the business posted $0.61 earnings per share. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. Research analysts anticipate that AGNC Investment Corp. will post 2.1 earnings per share for the current year.
The firm also recently announced a oct 19 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, October 29th. This represents a dividend yield of 11.9%. AGNC Investment’s dividend payout ratio is 81.70%.
AGNC Investment 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).
Featured Article: What is a price target?
Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.