Sigma Planning Corp increased its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 18.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,670 shares of the real estate investment trust’s stock after acquiring an additional 5,913 shares during the quarter. Sigma Planning Corp’s holdings in AGNC Investment were worth $622,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in AGNC. Advisory Services Network LLC lifted its position in AGNC Investment by 149.3% during the second quarter. Advisory Services Network LLC now owns 1,496 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 896 shares during the period. FinTrust Capital Advisors LLC purchased a new position in AGNC Investment in the 3rd quarter valued at $29,000. Steward Partners Investment Advisory LLC purchased a new position in AGNC Investment in the 2nd quarter valued at $30,000. Meeder Asset Management Inc. increased its stake in shares of AGNC Investment by 2,397.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,873 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,798 shares during the last quarter. Finally, Westside Investment Management Inc. acquired a new stake in shares of AGNC Investment in the 2nd quarter worth $50,000. 64.87% of the stock is owned by institutional investors.
Several analysts have recently issued reports on AGNC shares. Zacks Investment Research upgraded AGNC Investment from a “sell” rating to a “hold” rating and set a $18.00 price objective on the stock in a research report on Friday, November 1st. BidaskClub upgraded shares of AGNC Investment from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. decreased their price target on shares of AGNC Investment from $18.00 to $17.50 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Maxim Group reiterated a “buy” rating and issued a $18.00 price target on shares of AGNC Investment in a research note on Friday, November 1st. Finally, ValuEngine upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $17.57.
AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.11. AGNC Investment had a negative net margin of 84.94% and a positive return on equity of 11.86%. The business had revenue of $119.00 million for the quarter, compared to analyst estimates of $280.17 million. During the same quarter last year, the firm earned $0.61 EPS. The company’s revenue was down 3.3% on a year-over-year basis. Equities research analysts expect that AGNC Investment Corp. will post 2.1 EPS for the current year.
The company also recently disclosed a oct 19 dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a dividend yield of 11.9%. AGNC Investment’s dividend payout ratio (DPR) is 81.70%.
In other news, Director Morris A. Davis acquired 7,350 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were bought at an average cost of $17.02 per share, for a total transaction of $125,097.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.
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).
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