Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 76.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,264 shares of the real estate investment trust’s stock after selling 227,353 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AGNC Investment were worth $1,523,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of AGNC. Capstone Asset Management Co. purchased a new position in shares of AGNC Investment in the 2nd quarter worth $219,000. Crossmark Global Holdings Inc. purchased a new position in shares of AGNC Investment in the 3rd quarter worth $223,000. Summit Securities Group LLC boosted its stake in shares of AGNC Investment by 25.2% in the 3rd quarter. Summit Securities Group LLC now owns 13,400 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 2,700 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of AGNC Investment by 19.2% in the 3rd quarter. Brookstone Capital Management now owns 15,599 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 2,517 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of AGNC Investment by 274.7% in the 3rd quarter. Toronto Dominion Bank now owns 16,371 shares of the real estate investment trust’s stock worth $355,000 after buying an additional 12,002 shares during the last quarter. 65.71% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on AGNC shares. Maxim Group restated a “buy” rating and issued a $21.25 price target on shares of AGNC Investment in a research note on Friday, October 27th. Zacks Investment Research downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $19.00 price target on shares of AGNC Investment in a research note on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $20.18.
AGNC Investment (NASDAQ:AGNC) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $178.00 million for the quarter, compared to the consensus estimate of $177.50 million. AGNC Investment had a return on equity of 12.00% and a net margin of 145.02%. During the same period in the previous year, the business earned $0.67 earnings per share. equities analysts anticipate that AGNC Investment Corp. will post 2.54 EPS for the current fiscal year.
The business also recently announced a nov 17 dividend, which will be paid on Friday, December 8th. Investors of record on Thursday, November 30th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 29th. This represents a yield of 11%. AGNC Investment’s dividend payout ratio (DPR) is presently 53.20%.
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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