BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 26,422 Shares of AGNC Investment Corp. (AGNC)
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 25.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,426 shares of the real estate investment trust’s stock after purchasing an additional 26,422 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in AGNC Investment were worth $2,288,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Winslow Evans & Crocker Inc. bought a new stake in shares of AGNC Investment during the fourth quarter valued at approximately $28,000. San Francisco Sentry Investment Group CA bought a new position in AGNC Investment in the fourth quarter valued at approximately $35,000. Prime Capital Investment Advisors LLC bought a new position in AGNC Investment in the fourth quarter valued at approximately $45,000. Private Capital Group LLC boosted its stake in AGNC Investment by 132.0% in the fourth quarter. Private Capital Group LLC now owns 2,647 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 1,506 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new position in AGNC Investment in the fourth quarter valued at approximately $53,000. 69.04% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ AGNC opened at $18.00 on Monday. The firm has a market cap of $9.65 billion, a PE ratio of 7.66, a PEG ratio of 2.61 and a beta of 0.17. AGNC Investment Corp. has a twelve month low of $16.96 and a twelve month high of $19.72. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.03.
The business also recently disclosed a mar 19 dividend, which will be paid on Tuesday, April 9th. Investors of record on Friday, March 29th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, March 28th. This represents a dividend yield of 11.98%. AGNC Investment’s payout ratio is 91.91%.
A number of equities analysts have recently weighed in on AGNC shares. Zacks Investment Research raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. BidaskClub raised shares of AGNC Investment from a “strong sell” rating to a “sell” rating in a research report on Saturday, March 9th. ValuEngine raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research report on Friday, December 7th. Maxim Group reissued a “buy” rating and set a $18.00 price target on shares of AGNC Investment in a research report on Thursday, January 31st. Finally, Barclays raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $18.00 to $19.00 in a research report on Friday, December 14th. Two 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. The stock has a consensus rating of “Hold” and an average price target of $18.75.
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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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