Schroder Investment Management Group reduced its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 374,019 shares of the real estate investment trust’s stock after selling 9,918 shares during the quarter. Schroder Investment Management Group owned about 0.07% of AGNC Investment worth $6,291,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Scout Investments Inc. boosted its stake in shares of AGNC Investment by 57.5% during the 2nd quarter. Scout Investments Inc. now owns 9,067,334 shares of the real estate investment trust’s stock worth $152,513,000 after acquiring an additional 3,310,432 shares in the last quarter. BlackRock Inc. boosted its stake in shares of AGNC Investment by 6.2% during the 1st quarter. BlackRock Inc. now owns 54,360,363 shares of the real estate investment trust’s stock worth $978,487,000 after acquiring an additional 3,164,017 shares in the last quarter. FMR LLC boosted its stake in shares of AGNC Investment by 15.7% during the 1st quarter. FMR LLC now owns 17,512,839 shares of the real estate investment trust’s stock worth $315,230,000 after acquiring an additional 2,376,477 shares in the last quarter. Carillon Tower Advisers Inc. boosted its stake in shares of AGNC Investment by 60.1% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 6,236,700 shares of the real estate investment trust’s stock worth $104,901,000 after acquiring an additional 2,340,200 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its stake in shares of AGNC Investment by 9.1% during the 2nd quarter. State Treasurer State of Michigan now owns 26,482,030 shares of the real estate investment trust’s stock worth $445,428,000 after acquiring an additional 2,200,000 shares in the last quarter. 66.29% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on AGNC. UBS Group began coverage on AGNC Investment in a research note on Friday, June 21st. They set a “neutral” rating and a $16.50 price objective for the company. Maxim Group reissued a “buy” rating and set a $18.00 price objective on shares of AGNC Investment in a research note on Friday, July 26th. TheStreet lowered AGNC Investment from a “c” rating to a “d+” rating in a research note on Thursday, July 25th. BidaskClub lowered AGNC Investment from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on AGNC Investment from $18.00 to $17.50 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. AGNC Investment has an average rating of “Hold” and an average target price of $18.17.
AGNC Investment (NASDAQ:AGNC) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.01). The business had revenue of $123.00 million during the quarter, compared to analysts’ expectations of $289.69 million. AGNC Investment had a negative net margin of 62.31% and a positive return on equity of 11.47%. During the same quarter in the previous year, the company earned $0.63 EPS. On average, analysts predict that AGNC Investment Corp. will post 1.97 earnings per share for the current year.
The firm also recently announced a aug 19 dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th will be issued a $0.16 dividend. The ex-dividend date is Thursday, August 29th. This represents a dividend yield of 3.82%. AGNC Investment’s payout ratio is currently 81.70%.
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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