TT Capital Management LLC Takes Position in AGNC Investment Corp. $AGNC

TT Capital Management LLC acquired a new position in AGNC Investment Corp. (NASDAQ:AGNC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 137,881 shares of the real estate investment trust’s stock, valued at approximately $1,236,000.

Other hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its stake in AGNC Investment by 241,567.4% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust’s stock worth $446,651,000 after buying an additional 46,368,867 shares in the last quarter. Geode Capital Management LLC raised its stake in AGNC Investment by 10.9% during the 2nd quarter. Geode Capital Management LLC now owns 24,995,789 shares of the real estate investment trust’s stock valued at $229,990,000 after purchasing an additional 2,461,255 shares during the period. State Street Corp lifted its holdings in AGNC Investment by 12.9% in the 2nd quarter. State Street Corp now owns 16,693,449 shares of the real estate investment trust’s stock worth $155,383,000 after purchasing an additional 1,906,785 shares in the last quarter. Norges Bank purchased a new position in AGNC Investment in the 2nd quarter worth approximately $109,814,000. Finally, Equity Investment Corp boosted its stake in AGNC Investment by 27.0% in the 2nd quarter. Equity Investment Corp now owns 9,390,450 shares of the real estate investment trust’s stock worth $86,298,000 after purchasing an additional 1,995,369 shares during the period. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $10.32 on Friday. AGNC Investment Corp. has a 52 week low of $7.85 and a 52 week high of $10.67. The business’s 50 day moving average price is $10.21 and its 200 day moving average price is $9.79. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.01. The firm has a market cap of $11.07 billion, a P/E ratio of 15.40 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, October 20th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). AGNC Investment had a return on equity of 18.84% and a net margin of 24.40%.The business had revenue of $836.00 million for the quarter, compared to analysts’ expectations of $466.39 million. During the same period in the prior year, the business posted $0.43 earnings per share. On average, sell-side analysts expect that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, January 12th. Shareholders of record on Wednesday, December 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 14.0%. AGNC Investment’s payout ratio is presently 214.93%.

Insider Buying and Selling

In other AGNC Investment news, CEO Peter J. Federico sold 45,798 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $10.27, for a total value of $470,345.46. Following the sale, the chief executive officer owned 1,557,401 shares in the company, valued at approximately $15,994,508.27. This represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on AGNC shares. Royal Bank Of Canada increased their price objective on shares of AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Piper Sandler lifted their price objective on AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a report on Monday, December 8th. UBS Group lifted their price objective on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. raised their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.18.

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).