Mount Lucas Management LP Has $5.25 Million Stake in AGNC Investment Corp. $AGNC

Mount Lucas Management LP increased its stake in AGNC Investment Corp. (NASDAQ:AGNC) by 4.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 570,800 shares of the real estate investment trust’s stock after buying an additional 22,200 shares during the period. AGNC Investment comprises 2.2% of Mount Lucas Management LP’s investment portfolio, making the stock its 5th biggest holding. Mount Lucas Management LP’s holdings in AGNC Investment were worth $5,246,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AGNC. Brighton Jones LLC increased its holdings in AGNC Investment by 7.2% in the 2nd quarter. Brighton Jones LLC now owns 15,800 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 1,064 shares during the last quarter. Kovack Advisors Inc. boosted its position in shares of AGNC Investment by 0.5% during the 1st quarter. Kovack Advisors Inc. now owns 222,310 shares of the real estate investment trust’s stock valued at $2,130,000 after acquiring an additional 1,186 shares during the last quarter. Huntington National Bank lifted its position in AGNC Investment by 32.2% during the second quarter. Huntington National Bank now owns 4,918 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,199 shares during the last quarter. CreativeOne Wealth LLC lifted its holdings in shares of AGNC Investment by 9.7% during the 1st quarter. CreativeOne Wealth LLC now owns 13,986 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 1,237 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of AGNC Investment by 8.8% during the 1st quarter. MetLife Investment Management LLC now owns 15,548 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 1,256 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

Insider Transactions at AGNC Investment

In other news, CEO Peter J. Federico sold 45,798 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $10.27, for a total value of $470,345.46. Following the completion of the transaction, the chief executive officer owned 1,557,401 shares in the company, valued at $15,994,508.27. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

AGNC has been the topic of several recent research reports. Royal Bank Of Canada increased their target price on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Piper Sandler upped their price target on shares of AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Jones Trading reiterated a “buy” rating and issued a $10.00 price objective on shares of AGNC Investment in a report on Tuesday, October 21st. UBS Group increased their target price on AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research report on Tuesday, November 11th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, AGNC Investment has a consensus rating of “Moderate Buy” and a consensus target price of $10.18.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $10.15 on Monday. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.63. The stock has a market capitalization of $10.89 billion, a P/E ratio of 15.15 and a beta of 1.34. The company’s 50-day moving average is $10.07 and its 200 day moving average is $9.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $836.00 million during the quarter, compared to the consensus estimate of $466.39 million. AGNC Investment had a return on equity of 19.44% and a net margin of 24.40%.During the same quarter last year, the company posted $0.43 EPS. On average, sell-side analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 9th. Investors of record on Friday, November 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 14.2%. AGNC Investment’s dividend payout ratio (DPR) is 214.93%.

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).