Aperio Group LLC Buys New Stake in AGNC Investment Corp. (AGNC)
Aperio Group LLC bought a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the 1st quarter, Holdings Channel reports. The institutional investor bought 1,301,365 shares of the real estate investment trust’s stock, valued at approximately $24,622,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in AGNC Investment by 1.0% in the 4th quarter. BlackRock Inc. now owns 35,339,656 shares of the real estate investment trust’s stock valued at $713,507,000 after acquiring an additional 365,206 shares in the last quarter. APG Asset Management N.V. grew its position in AGNC Investment by 25.2% in the 4th quarter. APG Asset Management N.V. now owns 15,619,403 shares of the real estate investment trust’s stock valued at $262,621,000 after acquiring an additional 3,147,560 shares in the last quarter. State Treasurer State of Michigan grew its position in AGNC Investment by 26.2% in the 4th quarter. State Treasurer State of Michigan now owns 9,605,800 shares of the real estate investment trust’s stock valued at $193,941,000 after acquiring an additional 1,991,800 shares in the last quarter. Geode Capital Management LLC grew its position in AGNC Investment by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 5,017,379 shares of the real estate investment trust’s stock valued at $101,260,000 after acquiring an additional 135,159 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in AGNC Investment by 208.2% in the 4th quarter. Two Sigma Advisers LP now owns 3,349,923 shares of the real estate investment trust’s stock valued at $67,635,000 after acquiring an additional 2,262,868 shares in the last quarter. 69.04% of the stock is owned by institutional investors.
AGNC has been the subject of several research reports. BidaskClub downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Thursday, April 12th. Maxim Group reaffirmed a “buy” rating and issued a $21.25 target price on shares of AGNC Investment in a research report on Thursday, February 1st. ValuEngine downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. Barclays dropped their target price on AGNC Investment from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Finally, Zacks Investment Research raised AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, April 3rd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.55.
AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.60 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.60. AGNC Investment had a return on equity of 11.85% and a net margin of 122.47%. The business had revenue of $225.00 million during the quarter, compared to the consensus estimate of $240.82 million. During the same period in the previous year, the company posted $0.64 earnings per share. sell-side analysts predict that AGNC Investment Corp. will post 2.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Thursday, May 31st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, May 30th. AGNC Investment’s dividend payout ratio is presently 87.80%.
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).
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