Concurrent Investment Advisors LLC Has $267,000 Stock Position in AGNC Investment Corp. (NASDAQ:AGNC)

Concurrent Investment Advisors LLC cut its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 13.5% in the fourth quarter, HoldingsChannel reports. The fund owned 29,015 shares of the real estate investment trust’s stock after selling 4,544 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in AGNC Investment were worth $267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AGNC. Vaughan Nelson Investment Management L.P. increased its stake in AGNC Investment by 200.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 14,446,725 shares of the real estate investment trust’s stock valued at $151,113,000 after buying an additional 9,639,675 shares during the period. Natixis Advisors LLC grew its holdings in shares of AGNC Investment by 314.8% during the 3rd quarter. Natixis Advisors LLC now owns 3,842,814 shares of the real estate investment trust’s stock valued at $40,196,000 after acquiring an additional 2,916,345 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of AGNC Investment by 115.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,912,694 shares of the real estate investment trust’s stock worth $20,007,000 after acquiring an additional 1,023,275 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of AGNC Investment by 34.1% during the third quarter. Van ECK Associates Corp now owns 3,427,978 shares of the real estate investment trust’s stock worth $34,074,000 after acquiring an additional 870,856 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in AGNC Investment by 383.7% during the third quarter. BNP Paribas Financial Markets now owns 949,369 shares of the real estate investment trust’s stock valued at $9,930,000 after purchasing an additional 753,102 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Wall Street Analysts Forecast Growth

AGNC has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Argus raised shares of AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their price target on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Finally, StockNews.com raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.50.

AGNC Investment Trading Up 0.3 %

AGNC stock opened at $10.53 on Wednesday. AGNC Investment Corp. has a 1-year low of $8.92 and a 1-year high of $10.85. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $9.76 and its 200-day moving average is $9.91. The firm has a market cap of $9.32 billion, a P/E ratio of 10.85 and a beta of 1.48.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. Equities analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The company also recently declared a feb 25 dividend, which will be paid on Tuesday, March 11th. Investors of record on Friday, February 28th will be issued a dividend of $0.12 per share. This represents a yield of 13.8%. The ex-dividend date of this dividend is Friday, February 28th. AGNC Investment’s dividend payout ratio is currently 148.45%.

Insider Buying and Selling at AGNC Investment

In related news, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the sale, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at $3,737,149.04. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frances Spark sold 5,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the director now owns 75,919 shares in the company, valued at $766,781.90. The trade was a 6.18 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.43% of the company’s stock.

AGNC Investment Company 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).