Legal & General Group Plc lifted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 16.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,818,677 shares of the real estate investment trust’s stock after purchasing an additional 401,055 shares during the period. Legal & General Group Plc owned 0.53% of AGNC Investment worth $49,439,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Kovack Advisors Inc. boosted its stake in shares of AGNC Investment by 3.7% during the 4th quarter. Kovack Advisors Inc. now owns 18,901 shares of the real estate investment trust’s stock worth $332,000 after acquiring an additional 666 shares during the period. World Asset Management Inc lifted its holdings in AGNC Investment by 3.7% during the 4th quarter. World Asset Management Inc now owns 21,693 shares of the real estate investment trust’s stock worth $380,000 after purchasing an additional 770 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in AGNC Investment by 64.6% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,125 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 834 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in AGNC Investment by 3.2% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 33,063 shares of the real estate investment trust’s stock worth $580,000 after purchasing an additional 1,029 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in AGNC Investment by 1.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 108,955 shares of the real estate investment trust’s stock worth $1,911,000 after purchasing an additional 1,047 shares during the last quarter. 69.18% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on AGNC. Zacks Investment Research cut AGNC Investment from a “hold” rating to a “sell” rating in a report on Friday, April 5th. Nomura began coverage on AGNC Investment in a report on Wednesday, March 27th. They set a “neutral” rating and a $18.00 price target for the company. BidaskClub cut AGNC Investment from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Keefe, Bruyette & Woods upgraded AGNC Investment from a “market perform” rating to an “outperform” rating in a research report on Sunday, January 13th. Finally, Maxim Group restated a “buy” rating and set a $18.00 price objective on shares of AGNC Investment in a research report on Thursday, January 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. AGNC Investment has a consensus rating of “Hold” and an average target price of $18.60.
AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Wednesday, January 30th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.06). AGNC Investment had a net margin of 11.85% and a return on equity of 11.86%. The business had revenue of $186.00 million for the quarter, compared to the consensus estimate of $341.58 million. During the same quarter in the previous year, the company earned $0.63 EPS. On average, sell-side analysts expect that AGNC Investment Corp. will post 2.29 EPS for the current fiscal year.
The business also recently disclosed a apr 19 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be paid a $0.18 dividend. This represents a dividend yield of 11.9%. The ex-dividend date is Monday, April 29th. AGNC Investment’s dividend payout ratio (DPR) is presently 91.91%.
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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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