Orinda Asset Management LLC reduced its stake in AGNC Investment Corp (NASDAQ:AGNC) by 12.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,000 shares of the real estate investment trust’s stock after selling 15,000 shares during the period. AGNC Investment Corp comprises approximately 1.9% of Orinda Asset Management LLC’s portfolio, making the stock its 21st largest position. Orinda Asset Management LLC’s holdings in AGNC Investment Corp were worth $2,188,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of AGNC. Washington Trust Bank acquired a new position in AGNC Investment Corp during the first quarter valued at $121,000. Americafirst Capital Management LLC acquired a new position in AGNC Investment Corp during the first quarter valued at $840,000. Bank of Montreal Can boosted its position in AGNC Investment Corp by 24.6% in the first quarter. Bank of Montreal Can now owns 130,213 shares of the real estate investment trust’s stock valued at $2,590,000 after buying an additional 25,735 shares in the last quarter. Murphy Capital Management Inc. boosted its position in AGNC Investment Corp by 2.9% in the first quarter. Murphy Capital Management Inc. now owns 18,649 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 519 shares in the last quarter. Finally, Creative Planning boosted its position in AGNC Investment Corp by 19.3% in the first quarter. Creative Planning now owns 200,021 shares of the real estate investment trust’s stock valued at $3,978,000 after buying an additional 32,362 shares in the last quarter. 56.79% of the stock is currently owned by institutional investors and hedge funds.
Shares of AGNC Investment Corp (NASDAQ:AGNC) remained flat at $20.63 during mid-day trading on Wednesday. The stock had a trading volume of 3,066,539 shares. The company has a market cap of $6.83 billion, a PE ratio of 11.51 and a beta of 0.14. The stock’s 50 day moving average is $19.78 and its 200 day moving average is $19.20. AGNC Investment Corp has a 1-year low of $17.30 and a 1-year high of $20.69.
AGNC Investment Corp (NASDAQ:AGNC) last posted its earnings results on Wednesday, February 1st. The real estate investment trust reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. The company had revenue of $295 million for the quarter, compared to the consensus estimate of $214.23 million. AGNC Investment Corp had a return on equity of 10.64% and a net margin of 67.21%. During the same period in the previous year, the business earned $0.54 earnings per share. On average, equities research analysts forecast that AGNC Investment Corp will post $2.28 earnings per share for the current fiscal year.
The company also recently announced a apr 17 dividend, which will be paid on Monday, May 8th. Investors of record on Friday, April 28th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, April 26th. This represents a dividend yield of 10.66%. AGNC Investment Corp’s dividend payout ratio is currently 118.68%.
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Several research firms have weighed in on AGNC. Wells Fargo & Co cut AGNC Investment Corp from an “outperform” rating to a “market perform” rating and set a $20.50 price objective on the stock. in a research report on Tuesday, April 11th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.00 price target on shares of AGNC Investment Corp in a research report on Thursday, April 6th. Zacks Investment Research raised AGNC Investment Corp from a “sell” rating to a “hold” rating in a research report on Monday, April 3rd. TheStreet raised AGNC Investment Corp from a “d+” rating to a “c” rating in a research report on Wednesday, March 22nd. Finally, Barclays PLC set a $19.00 price target on AGNC Investment Corp and gave the company a “hold” rating in a research report on Saturday, February 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. AGNC Investment Corp presently has a consensus rating of “Hold” and a consensus target price of $20.19.
In related news, SVP Bernice Bell sold 5,135 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $19.49, for a total value of $100,081.15. Following the sale, the senior vice president now directly owns 12,709 shares in the company, valued at $247,698.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by insiders.
AGNC Investment Corp 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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