Parametric Portfolio Associates LLC Raises Holdings in AGNC Investment Corp. (AGNC)
Parametric Portfolio Associates LLC raised its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,172,461 shares of the real estate investment trust’s stock after purchasing an additional 112,535 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.30% of AGNC Investment worth $25,419,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of AGNC. Private Advisor Group LLC boosted its stake in AGNC Investment by 55.2% during the 2nd quarter. Private Advisor Group LLC now owns 27,518 shares of the real estate investment trust’s stock valued at $590,000 after purchasing an additional 9,784 shares in the last quarter. Wells Fargo & Company MN boosted its stake in AGNC Investment by 17.6% during the 2nd quarter. Wells Fargo & Company MN now owns 6,611,039 shares of the real estate investment trust’s stock valued at $140,749,000 after purchasing an additional 987,395 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in AGNC Investment by 9.8% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 844,469 shares of the real estate investment trust’s stock valued at $17,979,000 after purchasing an additional 75,467 shares in the last quarter. Martingale Asset Management L P boosted its stake in AGNC Investment by 372.2% during the 2nd quarter. Martingale Asset Management L P now owns 1,042,044 shares of the real estate investment trust’s stock valued at $22,186,000 after purchasing an additional 821,363 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in AGNC Investment by 9.7% during the 2nd quarter. Teachers Advisors LLC now owns 447,823 shares of the real estate investment trust’s stock valued at $9,534,000 after purchasing an additional 39,701 shares in the last quarter. 65.41% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on AGNC shares. Maxim Group reissued a “buy” rating and set a $21.25 price objective on shares of AGNC Investment in a research note on Friday, October 27th. Zacks Investment Research raised AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, October 24th. Wells Fargo & Co reissued a “market perform” rating and set a $19.00 price objective on shares of AGNC Investment in a research note on Friday, December 1st. Finally, BidaskClub lowered AGNC Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. AGNC Investment has an average rating of “Hold” and a consensus price target of $20.38.
Shares of AGNC Investment Corp. (NASDAQ:AGNC) opened at $20.22 on Monday. The firm has a market capitalization of $7,900.26, a price-to-earnings ratio of 4.98 and a beta of 0.14. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.24 and a current ratio of 0.24. AGNC Investment Corp. has a one year low of $17.76 and a one year high of $22.34.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $178.00 million during the quarter, compared to analyst estimates of $177.50 million. AGNC Investment had a return on equity of 12.00% and a net margin of 145.02%. During the same period last year, the company posted $0.67 EPS. research analysts anticipate that AGNC Investment Corp. will post 2.55 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.18 per share. This represents a $2.16 annualized dividend and a dividend yield of 10.68%. The ex-dividend date is Thursday, December 28th. AGNC Investment’s dividend payout ratio is presently 53.20%.
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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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