Stephens Inc. AR lifted its position in AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,536 shares of the real estate investment trust’s stock after acquiring an additional 2,185 shares during the quarter. Stephens Inc. AR’s holdings in AGNC Investment were worth $391,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in AGNC. Red Tortoise LLC grew its position in shares of AGNC Investment by 377.4% in the 2nd quarter. Red Tortoise LLC now owns 2,764 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 2,185 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of AGNC Investment in the 1st quarter worth approximately $28,000. Larson Financial Group LLC grew its position in shares of AGNC Investment by 326.3% in the 1st quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 2,519 shares in the last quarter. Trust Co. of Vermont grew its position in shares of AGNC Investment by 1,003.0% in the 2nd quarter. Trust Co. of Vermont now owns 3,629 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 3,300 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of AGNC Investment in the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 38.28% of the company’s stock.
AGNC Investment Stock Up 1.1%
Shares of AGNC Investment stock opened at $10.20 on Monday. The business’s fifty day moving average price is $9.97 and its two-hundred day moving average price is $9.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $10.63 billion, a P/E ratio of 15.22 and a beta of 1.32. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.63.
AGNC Investment Dividend Announcement
The firm also recently announced a oct 25 dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a yield of 1,417.0%. AGNC Investment’s payout ratio is presently 214.93%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of AGNC Investment in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. UBS Group upped their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Jones Trading restated a “buy” rating and set a $10.00 price target on shares of AGNC Investment in a research report on Tuesday, October 21st. Finally, Royal Bank Of Canada upped their price target on shares of AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.18.
Read Our Latest Stock Analysis on AGNC Investment
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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