Transcend Capital Advisors LLC decreased its stake in AGNC Investment Corp. (NASDAQ:AGNC – Get Rating) by 11.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,200 shares of the real estate investment trust’s stock after selling 2,500 shares during the quarter. Transcend Capital Advisors LLC’s holdings in AGNC Investment were worth $213,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Joseph P. Lucia & Associates LLC acquired a new position in AGNC Investment in the first quarter worth $26,000. O Dell Group LLC acquired a new position in AGNC Investment in the first quarter worth $26,000. Worth Asset Management LLC acquired a new position in AGNC Investment in the first quarter worth $35,000. Johnson Financial Group Inc. boosted its stake in AGNC Investment by 126.0% in the fourth quarter. Johnson Financial Group Inc. now owns 2,780 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Destiny Wealth Partners LLC acquired a new position in AGNC Investment in the first quarter worth $42,000. Institutional investors and hedge funds own 43.36% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods raised AGNC Investment from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $12.25 to $13.25 in a research note on Wednesday, June 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, AGNC Investment currently has a consensus rating of “Hold” and a consensus price target of $13.00.
AGNC Investment Trading Down 2.4 %
AGNC Investment (NASDAQ:AGNC – Get Rating) last released its earnings results on Monday, July 25th. The real estate investment trust reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.24. The company had revenue of $315.00 million during the quarter, compared to the consensus estimate of $323.75 million. AGNC Investment had a positive return on equity of 20.36% and a negative net margin of 69.82%. The firm’s quarterly revenue was up 35.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 earnings per share. As a group, equities research analysts expect that AGNC Investment Corp. will post 2.69 EPS for the current year.
AGNC Investment Announces Dividend
The business also recently disclosed a sep 22 dividend, which will be paid on Wednesday, October 12th. Investors of record on Friday, September 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a yield of 12.8%. AGNC Investment’s dividend payout ratio is presently -75.39%.
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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