Oak Thistle LLC Invests $589,000 in AGNC Investment Corp. (NASDAQ:AGNC)

Oak Thistle LLC bought a new position in AGNC Investment Corp. (NASDAQ:AGNCFree Report) during the fourth quarter, Holdings Channel reports. The firm bought 60,018 shares of the real estate investment trust’s stock, valued at approximately $589,000.

A number of other hedge funds have also recently modified their holdings of AGNC. Norges Bank purchased a new position in AGNC Investment during the fourth quarter worth approximately $56,213,000. Virginia Retirement Systems ET AL purchased a new position in AGNC Investment during the second quarter worth approximately $52,644,000. Clearbridge Investments LLC boosted its position in AGNC Investment by 85.6% during the third quarter. Clearbridge Investments LLC now owns 7,301,298 shares of the real estate investment trust’s stock worth $68,924,000 after purchasing an additional 3,367,112 shares in the last quarter. Millennium Management LLC boosted its position in AGNC Investment by 86.5% during the fourth quarter. Millennium Management LLC now owns 6,506,730 shares of the real estate investment trust’s stock worth $67,345,000 after purchasing an additional 3,018,383 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its position in AGNC Investment by 329.9% during the first quarter. Schonfeld Strategic Advisors LLC now owns 2,224,541 shares of the real estate investment trust’s stock worth $22,423,000 after purchasing an additional 1,707,061 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

NASDAQ:AGNC opened at $9.69 on Thursday. AGNC Investment Corp. has a one year low of $6.81 and a one year high of $10.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market cap of $6.73 billion, a PE ratio of 969.97 and a beta of 1.45. The stock has a 50 day moving average price of $9.61 and a 200 day moving average price of $9.28.

AGNC Investment (NASDAQ:AGNCGet Free Report) last posted its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.49 by $0.11. AGNC Investment had a return on equity of 28.02% and a net margin of 7.59%. The firm had revenue of $640.00 million during the quarter, compared to analysts’ expectations of $570.42 million. During the same quarter last year, the firm earned $0.74 earnings per share. Equities research analysts expect that AGNC Investment Corp. will post 2.16 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently declared a mar 24 dividend, which will be paid on Tuesday, April 9th. Investors of record on Friday, March 29th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, March 27th. This represents a dividend yield of 14.8%. AGNC Investment’s dividend payout ratio is presently 14,414.41%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AGNC. UBS Group reiterated a “neutral” rating and set a $9.00 price target on shares of AGNC Investment in a research report on Wednesday, December 6th. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Royal Bank of Canada reduced their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, January 25th. Compass Point started coverage on AGNC Investment in a report on Tuesday, February 20th. They set a “buy” rating and a $10.25 target price for the company. Finally, Barclays increased their target price on AGNC Investment from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, January 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.93.

View Our Latest Research Report on AGNC

Insider Activity at AGNC Investment

In related news, CFO Bernice Bell sold 10,000 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $9.85, for a total value of $98,500.00. Following the completion of the sale, the chief financial officer now owns 287,282 shares of the company’s stock, valued at $2,829,727.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.43% of the company’s stock.

AGNC Investment Profile

(Free Report)

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).

See Also

Want to see what other hedge funds are holding AGNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGNC Investment Corp. (NASDAQ:AGNCFree Report).

Institutional Ownership by Quarter for AGNC Investment (NASDAQ:AGNC)

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