Lee Financial Co lifted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 114.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,680 shares of the real estate investment trust’s stock after purchasing an additional 19,075 shares during the period. Lee Financial Co’s holdings in AGNC Investment were worth $642,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of AGNC Investment by 9.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,070,828 shares of the real estate investment trust’s stock worth $38,579,000 after purchasing an additional 170,115 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of AGNC Investment by 4.1% in the 3rd quarter. Teachers Advisors LLC now owns 602,068 shares of the real estate investment trust’s stock worth $11,217,000 after acquiring an additional 23,455 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of AGNC Investment by 8.4% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,241,132 shares of the real estate investment trust’s stock worth $23,122,000 after acquiring an additional 96,242 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of AGNC Investment in the 3rd quarter worth $427,000. Finally, Legal & General Group Plc grew its holdings in shares of AGNC Investment by 11.8% in the 3rd quarter. Legal & General Group Plc now owns 2,417,622 shares of the real estate investment trust’s stock worth $45,040,000 after acquiring an additional 254,749 shares during the last quarter. Institutional investors own 69.55% of the company’s stock.
AGNC has been the subject of several recent analyst reports. ValuEngine raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Nomura began coverage on AGNC Investment in a research report on Wednesday, March 27th. They issued a “neutral” rating and a $18.00 target price for the company. TheStreet cut AGNC Investment from a “c” rating to a “d+” rating in a research report on Thursday, January 31st. Zacks Investment Research cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Finally, BidaskClub lowered AGNC Investment from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.60.
AGNC traded up $0.02 on Friday, hitting $17.05. 3,092,634 shares of the stock traded hands, compared to its average volume of 5,170,512. AGNC Investment Corp. has a 52 week low of $16.86 and a 52 week high of $19.72. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 7.26, a P/E/G ratio of 2.81 and a beta of 0.16.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). The company had revenue of $164.00 million for the quarter, compared to analyst estimates of $327.08 million. AGNC Investment had a negative net margin of 4.10% and a positive return on equity of 11.71%. During the same period in the previous year, the firm posted $0.60 earnings per share. Equities research analysts expect that AGNC Investment Corp. will post 2.02 EPS for the current year.
The business also recently disclosed a may 19 dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.16 per share. This represents a yield of 10.98%. The ex-dividend date of this dividend is Thursday, May 30th. AGNC Investment’s payout ratio is 91.91%.
In other AGNC Investment news, Director Morris A. Davis sold 11,537 shares of AGNC Investment stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $17.94, for a total transaction of $206,973.78. Following the sale, the director now directly owns 17,546 shares of the company’s stock, valued at $314,775.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by insiders.
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AGNC Investment 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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