Huntington National Bank acquired a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,609 shares of the real estate investment trust’s stock, valued at approximately $46,000.
Several other large investors have also recently made changes to their positions in AGNC. Nuveen Asset Management LLC bought a new position in AGNC Investment during the second quarter valued at about $61,511,000. BlackRock Inc. raised its holdings in AGNC Investment by 5.5% during the second quarter. BlackRock Inc. now owns 57,356,164 shares of the real estate investment trust’s stock valued at $964,732,000 after buying an additional 2,995,801 shares in the last quarter. Invesco Ltd. raised its holdings in AGNC Investment by 101.7% during the second quarter. Invesco Ltd. now owns 2,855,907 shares of the real estate investment trust’s stock valued at $48,037,000 after buying an additional 1,440,132 shares in the last quarter. State Street Corp raised its holdings in AGNC Investment by 4.7% during the third quarter. State Street Corp now owns 18,284,966 shares of the real estate investment trust’s stock valued at $297,012,000 after buying an additional 828,696 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in AGNC Investment by 19.1% during the third quarter. California Public Employees Retirement System now owns 4,554,611 shares of the real estate investment trust’s stock valued at $73,284,000 after buying an additional 730,571 shares in the last quarter. Institutional investors and hedge funds own 66.96% of the company’s stock.
AGNC stock opened at $18.43 on Friday. AGNC Investment Corp. has a twelve month low of $14.51 and a twelve month high of $18.53. The company has a market cap of $9.93 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 2.90 and a beta of 0.25. The business’s 50-day simple moving average is $17.81 and its 200 day simple moving average is $16.87. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.03.
AGNC Investment (NASDAQ:AGNC) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping 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 last year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that AGNC Investment Corp. will post 2.12 EPS for the current year.
The company also recently announced a jan 20 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $0.16 per share. This represents a yield of 10.7%. The ex-dividend date of this dividend is Thursday, January 30th. AGNC Investment’s dividend payout ratio (DPR) is presently 81.70%.
Several equities analysts have weighed in on the company. Wedbush assumed coverage on AGNC Investment in a report on Thursday, January 9th. They set a “neutral” rating and a $18.25 target price on the stock. ValuEngine upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada started coverage on AGNC Investment in a report on Wednesday, October 2nd. They set a “sector perform” rating and a $16.00 target price on the stock. BidaskClub downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Saturday, December 7th. Finally, Bank of America started coverage on AGNC Investment in a research report on Monday, November 11th. They issued a “neutral” rating on the stock. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $17.46.
In other news, Director Morris A. Davis bought 7,350 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of $17.02 per share, with a total value of $125,097.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is owned by company insiders.
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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