AGNC Investment Corp. (AGNC) Shares Sold by Achmea Investment Management B.V.
Achmea Investment Management B.V. decreased its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 2.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 198,243 shares of the real estate investment trust’s stock after selling 4,047 shares during the period. Achmea Investment Management B.V.’s holdings in AGNC Investment were worth $3,477,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Winslow Evans & Crocker Inc. purchased a new stake in shares of AGNC Investment during the fourth quarter worth about $28,000. San Francisco Sentry Investment Group CA purchased a new stake in shares of AGNC Investment during the fourth quarter worth about $35,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of AGNC Investment during the fourth quarter worth about $45,000. Private Capital Group LLC grew its stake in shares of AGNC Investment by 132.0% during the fourth quarter. Private Capital Group LLC now owns 2,647 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,506 shares during the last quarter. Finally, Westside Investment Management Inc. purchased a new stake in shares of AGNC Investment during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 69.04% of the company’s stock.
AGNC has been the topic of a number of research analyst reports. BidaskClub lowered AGNC Investment from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 9th. Zacks Investment Research upgraded AGNC Investment from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Monday, December 31st. Maxim Group reiterated a “buy” rating and issued a $18.00 target price on shares of AGNC Investment in a research report on Thursday, January 31st. TheStreet lowered AGNC Investment from a “c” rating to a “d+” rating in a research report on Thursday, January 31st. Finally, ValuEngine upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Friday, December 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. AGNC Investment currently has an average rating of “Hold” and a consensus price target of $18.75.
AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Wednesday, January 30th. The real estate investment trust reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.06). The firm had revenue of $186.00 million during the quarter, compared to analysts’ expectations of $341.58 million. AGNC Investment had a net margin of 11.85% and a return on equity of 11.86%. During the same quarter in the prior year, the company earned $0.63 EPS. Sell-side analysts predict that AGNC Investment Corp. will post 2.29 earnings per share for the current fiscal year.
The company also recently announced a mar 19 dividend, which will be paid on Tuesday, April 9th. Investors of record on Friday, March 29th will be given a $0.18 dividend. The ex-dividend date is Thursday, March 28th. This represents a yield of 11.98%. AGNC Investment’s dividend payout ratio is currently 91.91%.
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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