DNB Asset Management AS Acquires 3,094 Shares of AGNC Investment Corp. (AGNC)
DNB Asset Management AS raised its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,549 shares of the real estate investment trust’s stock after purchasing an additional 3,094 shares during the period. DNB Asset Management AS’s holdings in AGNC Investment were worth $1,702,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in AGNC Investment by 19.2% during the fourth quarter. BlackRock Inc. now owns 51,196,346 shares of the real estate investment trust’s stock valued at $897,984,000 after buying an additional 8,228,391 shares in the last quarter. Vanguard Group Inc lifted its stake in AGNC Investment by 14.0% during the third quarter. Vanguard Group Inc now owns 41,306,726 shares of the real estate investment trust’s stock valued at $769,544,000 after buying an additional 5,066,044 shares in the last quarter. State Treasurer State of Michigan lifted its stake in AGNC Investment by 5.9% during the fourth quarter. State Treasurer State of Michigan now owns 23,815,845 shares of the real estate investment trust’s stock valued at $417,730,000 after buying an additional 1,330,000 shares in the last quarter. FMR LLC lifted its stake in AGNC Investment by 18.5% during the fourth quarter. FMR LLC now owns 15,136,362 shares of the real estate investment trust’s stock valued at $265,491,000 after buying an additional 2,361,133 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of AGNC Investment by 24.4% in the 4th quarter. Geode Capital Management LLC now owns 7,240,959 shares of the real estate investment trust’s stock valued at $127,115,000 after purchasing an additional 1,420,224 shares during the period. Hedge funds and other institutional investors own 69.18% of the company’s stock.
Several brokerages have commented on AGNC. JPMorgan Chase & Co. upgraded AGNC Investment from a “neutral” rating to an “overweight” rating and increased their price target for the company from $17.50 to $18.00 in a report on Thursday, December 20th. BidaskClub raised AGNC Investment from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 25th. Zacks Investment Research raised AGNC Investment from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, December 31st. Keefe, Bruyette & Woods raised AGNC Investment from a “market perform” rating to an “outperform” rating in a research report on Sunday, January 13th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $18.00 target price on shares of AGNC Investment in a research report on Thursday, January 31st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $18.60.
AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Wednesday, January 30th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.06). AGNC Investment had a net margin of 11.85% and a return on equity of 11.86%. The business had revenue of $186.00 million during the quarter, compared to analyst estimates of $341.58 million. During the same quarter last year, the business posted $0.63 earnings per share. Equities analysts anticipate that AGNC Investment Corp. will post 2.29 earnings per share for the current year.
The firm also recently announced a apr 19 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a dividend yield of 11.9%. AGNC Investment’s dividend payout ratio (DPR) is presently 91.91%.
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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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