Concurrent Investment Advisors LLC Takes Position in AGNC Investment Corp. (NASDAQ:AGNC)

Concurrent Investment Advisors LLC bought a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 33,559 shares of the real estate investment trust’s stock, valued at approximately $351,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of AGNC Investment by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock valued at $650,781,000 after acquiring an additional 2,368,658 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of AGNC Investment by 2.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock worth $86,169,000 after purchasing an additional 189,444 shares during the last quarter. Equity Investment Corp raised its stake in shares of AGNC Investment by 3.7% during the 2nd quarter. Equity Investment Corp now owns 7,124,392 shares of the real estate investment trust’s stock worth $67,967,000 after purchasing an additional 253,821 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of AGNC Investment by 1.0% in the 2nd quarter. Victory Capital Management Inc. now owns 5,316,724 shares of the real estate investment trust’s stock valued at $50,722,000 after buying an additional 54,153 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of AGNC Investment by 6.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 4,807,050 shares of the real estate investment trust’s stock valued at $45,860,000 after buying an additional 290,720 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several analyst reports. Wells Fargo & Company raised shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. lifted their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. StockNews.com lowered AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Keefe, Bruyette & Woods raised their price objective on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, JMP Securities restated a “market perform” rating on shares of AGNC Investment in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.33.

AGNC Investment Stock Up 1.5 %

AGNC stock opened at $9.66 on Monday. The business’s fifty day moving average price is $10.15 and its two-hundred day moving average price is $9.95. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 6.71 and a beta of 1.47. AGNC Investment Corp. has a fifty-two week low of $8.22 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.27.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. The business had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. During the same quarter last year, the firm earned $0.65 EPS. On average, equities analysts anticipate that AGNC Investment Corp. will post 1.94 earnings per share for the current year.

AGNC Investment Announces Dividend

The business also recently declared a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 29th. AGNC Investment’s dividend payout ratio is currently 100.00%.

AGNC Investment 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).