Cubist Systematic Strategies LLC reduced its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 23.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,716 shares of the real estate investment trust’s stock after selling 9,984 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in AGNC Investment were worth $688,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in AGNC Investment by 71.0% during the third 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 acquiring an additional 4,695,908 shares during the period. Janus Henderson Group PLC grew its position in AGNC Investment by 33.3% during the third 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 acquiring an additional 668,185 shares during the period. Legal & General Group Plc grew its position in AGNC Investment by 6.7% during the third quarter. Legal & General Group Plc now owns 2,247,884 shares of the real estate investment trust’s stock valued at $48,731,000 after acquiring an additional 140,831 shares during the period. Allianz Asset Management GmbH grew its position in AGNC Investment by 18.7% during the third quarter. Allianz Asset Management GmbH now owns 2,196,593 shares of the real estate investment trust’s stock valued at $47,622,000 after acquiring an additional 345,292 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its position in AGNC Investment by 71.2% during the third 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 acquiring an additional 829,600 shares during the period. Hedge funds and other institutional investors own 65.41% of the company’s stock.
Several equities research analysts have recently weighed in on AGNC shares. Zacks Investment Research raised AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research report on Tuesday, October 24th. Maxim Group reaffirmed a “buy” rating and issued a $21.25 target price on shares of AGNC Investment in a research report on Friday, October 27th. BidaskClub downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $19.00 target price on shares of AGNC Investment in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. AGNC Investment currently has a consensus rating of “Hold” and an average price target of $20.38.
AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. AGNC Investment had a return on equity of 12.00% and a net margin of 145.02%. The company had revenue of $178.00 million during the quarter, compared to the consensus estimate of $177.50 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. research analysts expect that AGNC Investment Corp. will post 2.55 EPS for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, January 9th. Investors of record on Friday, December 29th will be issued a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 10.68%. The ex-dividend date of this dividend is Thursday, December 28th. AGNC Investment’s dividend payout ratio is currently 53.20%.
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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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