Choreo LLC Takes $327,000 Position in AGNC Investment Corp. (NASDAQ:AGNC)

Choreo LLC purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 4th quarter, Holdings Channel.com reports. The firm purchased 32,908 shares of the real estate investment trust’s stock, valued at approximately $327,000.

A number of other hedge funds have also added to or reduced their stakes in AGNC. Bruce G. Allen Investments LLC bought a new position in shares of AGNC Investment in the 4th quarter valued at $37,000. CENTRAL TRUST Co bought a new position in AGNC Investment in the fourth quarter valued at about $46,000. Allworth Financial LP raised its stake in AGNC Investment by 76.5% during the fourth quarter. Allworth Financial LP now owns 4,836 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,096 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its holdings in shares of AGNC Investment by 66.8% in the third quarter. Carmichael Hill & Associates Inc. now owns 6,066 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 2,429 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of AGNC Investment by 110.8% during the 4th quarter. Private Trust Co. NA now owns 6,377 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 3,352 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

AGNC Investment Stock Performance

Shares of AGNC stock opened at $9.40 on Friday. The stock has a market capitalization of $6.53 billion, a PE ratio of 10.33 and a beta of 1.45. The business’s 50 day simple moving average is $9.53 and its 200 day simple moving average is $9.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26. AGNC Investment Corp. has a one year low of $6.81 and a one year high of $10.64.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. The company had revenue of $642.00 million for the quarter, compared to analyst estimates of $568.38 million. During the same period in the prior year, the firm posted $0.70 EPS. As a group, research analysts forecast that AGNC Investment Corp. will post 2.1 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a apr 24 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be given a $0.12 dividend. This represents a dividend yield of 15.4%. The ex-dividend date of this dividend is Monday, April 29th. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AGNC. Royal Bank of Canada cut their target price on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, January 25th. Jonestrading reduced their price objective on AGNC Investment from $10.75 to $10.25 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research note on Thursday, April 18th. Keefe, Bruyette & Woods reduced their price target on AGNC Investment from $10.00 to $9.50 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Finally, StockNews.com upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a report on Tuesday, March 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.79.

Insider Activity

In related news, Director Frances Spark sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $9.35, for a total transaction of $46,750.00. Following the completion of the sale, the director now owns 75,545 shares of the company’s stock, valued at $706,345.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by company insiders.

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).