Ellington Management Group LLC purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 50,000 shares of the real estate investment trust’s stock, valued at approximately $1,010,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in AGNC. Wells Fargo & Company MN grew its stake in AGNC Investment by 71.0% in the 3rd quarter. Wells Fargo & Company MN now owns 11,306,947 shares of the real estate investment trust’s stock valued at $245,135,000 after buying an additional 4,695,908 shares during the last quarter. APG Asset Management N.V. grew its stake in AGNC Investment by 25.2% in the 4th quarter. APG Asset Management N.V. now owns 15,619,403 shares of the real estate investment trust’s stock valued at $262,621,000 after buying an additional 3,147,560 shares during the last quarter. State Treasurer State of Michigan grew its stake in AGNC Investment by 26.2% in the 4th quarter. State Treasurer State of Michigan now owns 9,605,800 shares of the real estate investment trust’s stock valued at $193,941,000 after buying an additional 1,991,800 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in AGNC Investment by 71.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,994,575 shares of the real estate investment trust’s stock valued at $43,242,000 after purchasing an additional 829,600 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in AGNC Investment by 33.3% in the 3rd quarter. Janus Henderson Group PLC now owns 2,672,335 shares of the real estate investment trust’s stock valued at $57,936,000 after purchasing an additional 668,185 shares during the period. Institutional investors and hedge funds own 67.90% of the company’s stock.
In other news, CFO Peter J. Federico sold 13,500 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $18.54, for a total transaction of $250,290.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. AGNC Investment had a net margin of 86.72% and a return on equity of 11.89%. The firm had revenue of $212.00 million during the quarter, compared to the consensus estimate of $204.32 million. During the same quarter in the previous year, the firm posted $0.64 EPS. equities research analysts expect that AGNC Investment Corp. will post 2.41 earnings per share for the current fiscal year.
The company also recently declared a feb 18 dividend, which was paid on Thursday, March 8th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.18 per share. This represents a dividend yield of 11.45%. The ex-dividend date was Tuesday, February 27th. AGNC Investment’s dividend payout ratio (DPR) is presently 110.20%.
A number of research firms have issued reports on AGNC. Wells Fargo & Co reissued a “market perform” rating and issued a $19.00 price objective on shares of AGNC Investment in a report on Friday, December 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $19.50 price objective on shares of AGNC Investment in a report on Thursday, February 1st. Maxim Group reissued a “buy” rating and issued a $21.25 price objective on shares of AGNC Investment in a report on Thursday, February 1st. BidaskClub raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Finally, Barclays cut their price objective on shares of AGNC Investment from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $20.63.
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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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