Caisse DE Depot ET Placement DU Quebec Decreases Holdings in AGNC Investment Corp. (AGNC)
Caisse DE Depot ET Placement DU Quebec lessened its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 92.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,530 shares of the real estate investment trust’s stock after selling 389,470 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in AGNC Investment were worth $686,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. FNY Managed Accounts LLC bought a new stake in AGNC Investment in the third quarter valued at $104,000. Capstone Asset Management Co. bought a new stake in AGNC Investment in the second quarter valued at $219,000. Crossmark Global Holdings Inc. bought a new stake in AGNC Investment in the third quarter valued at $223,000. Summit Securities Group LLC lifted its stake in AGNC Investment by 25.2% in the third quarter. Summit Securities Group LLC now owns 13,400 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 2,700 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in AGNC Investment by 19.2% in the third quarter. Brookstone Capital Management now owns 15,599 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 2,517 shares during the last quarter. 65.74% of the stock is owned by hedge funds and other institutional investors.
Shares of AGNC Investment Corp. (NASDAQ:AGNC) opened at $20.42 on Friday. AGNC Investment Corp. has a one year low of $17.30 and a one year high of $22.34. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.05. The firm has a market cap of $7,935.48, a PE ratio of 7.98 and a beta of 0.14.
AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. AGNC Investment had a net margin of 145.02% and a return on equity of 12.00%. The business had revenue of $178.00 million for the quarter, compared to analysts’ expectations of $177.50 million. During the same period in the previous year, the business earned $0.67 earnings per share. research analysts predict that AGNC Investment Corp. will post 2.55 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, January 9th. Investors of record on Friday, December 29th will be paid a dividend of $0.18 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 10.58%. The ex-dividend date of this dividend is Thursday, December 28th. AGNC Investment’s dividend payout ratio is currently 53.20%.
A number of equities research analysts have issued reports on AGNC shares. Zacks Investment Research cut AGNC Investment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Maxim Group reiterated a “buy” rating and issued a $21.25 target price on shares of AGNC Investment in a research note on Friday, October 27th. Wells Fargo & Company reiterated a “market perform” rating and issued a $19.00 target price on shares of AGNC Investment in a research note on Friday, December 1st. Finally, BidaskClub upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.38.
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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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