Fiera Capital Corp Buys Shares of 13,599 AGNC Investment Corp. (AGNC)
Fiera Capital Corp bought a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,599 shares of the real estate investment trust’s stock, valued at approximately $239,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. MAI Capital Management bought a new position in AGNC Investment in the 4th quarter worth about $205,000. Timber Hill LLC bought a new stake in shares of AGNC Investment during the 4th quarter valued at about $289,000. Enterprise Financial Services Corp boosted its position in shares of AGNC Investment by 92.3% during the 4th quarter. Enterprise Financial Services Corp now owns 3,301 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 1,584 shares during the last quarter. Wealthstreet Investment Advisors LLC bought a new stake in shares of AGNC Investment during the 4th quarter valued at about $966,000. Finally, BlackRock Inc. boosted its position in shares of AGNC Investment by 19.2% during the 4th quarter. BlackRock Inc. now owns 51,196,346 shares of the real estate investment trust’s stock valued at $897,984,000 after acquiring an additional 8,228,391 shares during the last quarter. Institutional investors and hedge funds own 69.04% of the company’s stock.
A number of analysts have recently issued reports on AGNC shares. BidaskClub downgraded AGNC Investment from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 9th. Zacks Investment Research upgraded AGNC Investment from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Monday, December 31st. Maxim Group reiterated a “buy” rating and set a $18.00 price target on shares of AGNC Investment in a research report on Thursday, January 31st. TheStreet downgraded AGNC Investment from a “c” rating to a “d+” rating in a research report on Thursday, January 31st. Finally, ValuEngine upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research report on Friday, December 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. AGNC Investment has a consensus rating of “Hold” and a consensus price target of $18.75.
AGNC Investment (NASDAQ:AGNC) last released its earnings results on Wednesday, January 30th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.06). The firm had revenue of $186.00 million during the quarter, compared to the consensus estimate of $341.58 million. AGNC Investment had a return on equity of 11.86% and a net margin of 11.85%. During the same quarter in the previous year, the firm earned $0.63 EPS. On average, equities analysts forecast that AGNC Investment Corp. will post 2.29 EPS for the current fiscal year.
The company also recently announced a mar 19 dividend, which will be paid on Tuesday, April 9th. Investors of record on Friday, March 29th will be given a $0.18 dividend. The ex-dividend date is Thursday, March 28th. This represents a yield of 11.98%. AGNC Investment’s payout ratio is 91.91%.
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).
Recommended Story: Current Ratio
Want to see what other hedge funds are holding AGNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGNC Investment Corp. (NASDAQ:AGNC).
Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.