Martingale Asset Management L P trimmed its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 14.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,076,581 shares of the real estate investment trust’s stock after selling 175,840 shares during the quarter. Martingale Asset Management L P’s holdings in AGNC Investment were worth $21,737,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management lifted its holdings in shares of AGNC Investment by 19.2% during the third quarter. Brookstone Capital Management now owns 15,599 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 2,517 shares during the last quarter. Summit Securities Group LLC lifted its holdings in shares of AGNC Investment by 25.2% during 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 purchasing an additional 2,700 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of AGNC Investment by 4.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 66,102 shares of the real estate investment trust’s stock valued at $1,335,000 after purchasing an additional 2,844 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of AGNC Investment by 0.9% during the fourth quarter. Rhumbline Advisers now owns 369,019 shares of the real estate investment trust’s stock valued at $7,450,000 after purchasing an additional 3,222 shares during the last quarter. Finally, AMP Capital Investors Ltd lifted its holdings in shares of AGNC Investment by 3.9% during the third quarter. AMP Capital Investors Ltd now owns 90,614 shares of the real estate investment trust’s stock valued at $1,963,000 after purchasing an additional 3,400 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Peter J. Federico sold 13,500 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $18.54, for a total transaction of $250,290.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by corporate insiders.
Shares of AGNC Investment Corp. (AGNC) opened at $18.84 on Friday. The stock has a market capitalization of $7,278.18, a PE ratio of 9.61 and a beta of -0.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.24 and a quick ratio of 0.24. AGNC Investment Corp. has a one year low of $17.94 and a one year high of $22.34.
AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $212.00 million during the quarter, compared to the consensus estimate of $204.32 million. AGNC Investment had a return on equity of 12.17% and a net margin of 86.72%. During the same period in the prior year, the business earned $0.64 EPS. analysts predict that AGNC Investment Corp. will post 2.41 earnings per share for the current year.
The firm also recently disclosed a feb 18 dividend, which will be paid on Thursday, March 8th. Investors of record on Wednesday, February 28th will be paid a $0.18 dividend. This represents a yield of 11.45%. The ex-dividend date is Tuesday, February 27th. AGNC Investment’s dividend payout ratio is currently 110.20%.
Several brokerages have recently commented on AGNC. Barclays reduced their target price on AGNC Investment from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $19.50 price objective on shares of AGNC Investment in a research note on Thursday, February 1st. Bank of America raised AGNC Investment from an “underperform” rating to a “neutral” rating in a research note on Thursday, February 1st. Maxim Group reissued a “buy” rating and issued a $21.25 price objective on shares of AGNC Investment in a research note on Thursday, February 1st. Finally, BidaskClub downgraded AGNC Investment from a “sell” rating to a “strong sell” rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.63.
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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).
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