Prudential Financial Inc. lifted its position in AGNC Investment Corp. (NASDAQ:AGNC) by 57.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,604,383 shares of the real estate investment trust’s stock after acquiring an additional 588,238 shares during the quarter. Prudential Financial Inc. owned 0.45% of AGNC Investment Corp. worth $34,783,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. bought a new stake in shares of AGNC Investment Corp. in the second quarter valued at about $219,000. Crossmark Global Holdings Inc. bought a new stake in shares of AGNC Investment Corp. in the third quarter valued at about $223,000. Summit Securities Group LLC raised its holdings in shares of AGNC Investment Corp. by 25.2% in the third quarter. Summit Securities Group LLC now owns 13,400 shares of the real estate investment trust’s stock valued at $291,000 after acquiring an additional 2,700 shares in the last quarter. Brookstone Capital Management raised its holdings in shares of AGNC Investment Corp. by 19.2% in the third quarter. Brookstone Capital Management now owns 15,599 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 2,517 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of AGNC Investment Corp. by 55.2% in the second quarter. Private Advisor Group LLC now owns 27,518 shares of the real estate investment trust’s stock valued at $590,000 after acquiring an additional 9,784 shares in the last quarter. Hedge funds and other institutional investors own 58.61% of the company’s stock.
Several analysts recently weighed in on AGNC shares. Zacks Investment Research upgraded AGNC Investment Corp. from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Tuesday, October 24th. Maxim Group restated a “buy” rating and issued a $21.25 price objective on shares of AGNC Investment Corp. in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. AGNC Investment Corp. currently has an average rating of “Hold” and a consensus target price of $20.28.
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AGNC Investment Corp. (NASDAQ AGNC) opened at $19.82 on Tuesday. The company has a market cap of $7,649.83, a PE ratio of 7.70 and a beta of 0.15. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.05. AGNC Investment Corp. has a fifty-two week low of $17.30 and a fifty-two week high of $22.34.
AGNC Investment Corp. (NASDAQ:AGNC) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. AGNC Investment Corp. had a net margin of 145.02% and a return on equity of 12.00%. The firm had revenue of $178.00 million for the quarter, compared to the consensus estimate of $177.50 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. equities analysts predict that AGNC Investment Corp. will post 2.54 EPS for the current fiscal year.
The business also recently disclosed a oct 17 dividend, which was paid on Thursday, November 9th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, October 30th. AGNC Investment Corp.’s dividend payout ratio (DPR) is currently 53.20%.
AGNC Investment Corp. 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).
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