AGNC Investment Corp. $AGNC Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC boosted its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 532.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 352,308 shares of the real estate investment trust’s stock after buying an additional 296,597 shares during the period. Yousif Capital Management LLC’s holdings in AGNC Investment were worth $3,195,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AGNC. BlackRock Inc. bought a new stake in AGNC Investment in the 2nd quarter worth approximately $704,076,000. Equity Investment Corp purchased a new stake in shares of AGNC Investment during the 2nd quarter worth approximately $106,123,000. Bank of America Corp DE purchased a new stake in shares of AGNC Investment during the 2nd quarter worth approximately $77,501,000. Bank of New York Mellon Corp purchased a new stake in shares of AGNC Investment during the 2nd quarter worth approximately $40,182,000. Finally, Advisors Capital Management LLC purchased a new stake in shares of AGNC Investment during the 2nd quarter worth approximately $35,421,000. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AGNC. Wall Street Zen downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. Keefe, Bruyette & Woods reduced their price target on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Barclays reduced their price target on shares of AGNC Investment from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 21st. Royal Bank Of Canada decreased their price target on shares of AGNC Investment from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of AGNC Investment from $8.00 to $8.50 and gave the company a “neutral” rating in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AGNC Investment currently has a consensus rating of “Hold” and a consensus price target of $10.12.

AGNC Investment Trading Down 0.7%

AGNC opened at $8.78 on Tuesday. The firm has a market cap of $10.41 billion, a P/E ratio of 878.88 and a beta of 1.36. AGNC Investment Corp. has a 12 month low of $8.38 and a 12 month high of $12.19. The stock has a 50-day moving average of $9.76 and a 200 day moving average of $10.55.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. AGNC Investment had a return on equity of 18.74% and a net margin of 2.45%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.06 billion. On average, research analysts forecast that AGNC Investment Corp. will post 1.58 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.4%. AGNC Investment’s payout ratio is currently 14,400.00%.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.