Mount Lucas Management LP Has $4.81 Million Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Mount Lucas Management LP grew its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 522,300 shares of the real estate investment trust’s stock after buying an additional 12,800 shares during the quarter. AGNC Investment makes up 1.7% of Mount Lucas Management LP’s holdings, making the stock its 7th biggest holding. Mount Lucas Management LP owned approximately 0.06% of AGNC Investment worth $4,810,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Financial Life Planners acquired a new stake in AGNC Investment during the 4th quarter worth approximately $28,000. Point72 Asset Management L.P. acquired a new position in shares of AGNC Investment during the third quarter worth $32,000. Spire Wealth Management grew its stake in shares of AGNC Investment by 94.5% in the fourth quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,972 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in AGNC Investment by 775.6% in the fourth quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 515,148 shares during the period. Finally, Huntington National Bank raised its position in AGNC Investment by 105.7% during the 3rd quarter. Huntington National Bank now owns 6,705 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 3,445 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.

AGNC Investment Trading Up 2.4 %

AGNC opened at $10.38 on Monday. The company has a market cap of $9.50 billion, a P/E ratio of 10.70 and a beta of 1.50. The company has a fifty day moving average price of $9.91 and a two-hundred day moving average price of $9.93. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 1-year low of $8.92 and a 1-year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last posted 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 return on equity of 21.92% and a net margin of 29.26%. Analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently announced a feb 25 dividend, which will be paid on Tuesday, March 11th. Investors of record on Friday, February 28th will be issued a $0.12 dividend. This represents a dividend 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 Activity at AGNC Investment

In related news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total value of $50,500.00. Following the transaction, the director now owns 75,919 shares of the company’s stock, valued at approximately $766,781.90. This trade represents a 6.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bernice Bell sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total value of $130,520.00. Following the sale, the chief financial officer now directly owns 372,226 shares of the company’s stock, valued at $3,737,149.04. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $11.00 price target on shares of AGNC Investment in a research report on Thursday, January 30th. Wells Fargo & Company reduced their target price on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Argus raised shares of AGNC Investment to a “hold” rating in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of AGNC Investment from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, AGNC Investment has an average rating of “Moderate Buy” and an average price target of $10.50.

AGNC Investment 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).