Utah Retirement Systems Raises Position in AGNC Investment Corp. (AGNC)
Utah Retirement Systems raised its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 13.7% in the third quarter, HoldingsChannel reports. The firm owned 88,612 shares of the real estate investment trust’s stock after acquiring an additional 10,700 shares during the quarter. Utah Retirement Systems’ holdings in AGNC Investment were worth $1,651,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in AGNC. First Republic Investment Management Inc. lifted its holdings in AGNC Investment by 120.3% during the third quarter. First Republic Investment Management Inc. now owns 243,997 shares of the real estate investment trust’s stock valued at $4,546,000 after purchasing an additional 133,250 shares in the last quarter. Assetmark Inc. lifted its holdings in AGNC Investment by 4.4% during the third quarter. Assetmark Inc. now owns 797,193 shares of the real estate investment trust’s stock valued at $14,852,000 after purchasing an additional 33,749 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in AGNC Investment by 1,098.4% during the third quarter. Renaissance Technologies LLC now owns 3,950,129 shares of the real estate investment trust’s stock valued at $73,591,000 after purchasing an additional 3,620,514 shares in the last quarter. Bridgewater Associates LP purchased a new position in AGNC Investment during the third quarter valued at approximately $367,000. Finally, Allianz Asset Management GmbH lifted its holdings in AGNC Investment by 32.1% during the third quarter. Allianz Asset Management GmbH now owns 2,550,938 shares of the real estate investment trust’s stock valued at $47,524,000 after purchasing an additional 619,365 shares in the last quarter. Institutional investors and hedge funds own 58.85% of the company’s stock.
In other AGNC Investment news, Director Larry K. Harvey purchased 4,000 shares of AGNC Investment stock in a transaction that occurred on Tuesday, October 30th. The shares were bought at an average price of $17.74 per share, for a total transaction of $70,960.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.
Shares of AGNC opened at $17.83 on Friday. AGNC Investment Corp. has a fifty-two week low of $17.26 and a fifty-two week high of $20.84. The firm has a market capitalization of $9.42 billion, a P/E ratio of 7.25, a price-to-earnings-growth ratio of 2.43 and a beta of 0.13. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.03.
AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. AGNC Investment had a net margin of 125.99% and a return on equity of 12.05%. The company had revenue of $188.00 million for the quarter, compared to analysts’ expectations of $324.65 million. During the same quarter in the previous year, the business posted $0.62 earnings per share. As a group, analysts anticipate that AGNC Investment Corp. will post 2.45 EPS for the current year.
The firm also recently declared a nov 18 dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 30th will be given a $0.18 dividend. This represents a yield of 12.16%. The ex-dividend date is Thursday, November 29th. AGNC Investment’s dividend payout ratio is presently 87.80%.
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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