Cubist Systematic Strategies LLC Purchases New Position in AGNC Investment Corp. (AGNC)
Cubist Systematic Strategies LLC purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 27,382 shares of the real estate investment trust’s stock, valued at approximately $509,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Natixis bought a new position in shares of AGNC Investment in the 2nd quarter valued at $12,732,000. Voya Investment Management LLC increased its stake in shares of AGNC Investment by 251.3% in the 2nd quarter. Voya Investment Management LLC now owns 393,840 shares of the real estate investment trust’s stock valued at $7,321,000 after purchasing an additional 281,733 shares during the last quarter. First Republic Investment Management Inc. bought a new position in shares of AGNC Investment in the 2nd quarter valued at $2,058,000. Raymond James & Associates increased its stake in shares of AGNC Investment by 3.7% in the 2nd quarter. Raymond James & Associates now owns 142,787 shares of the real estate investment trust’s stock valued at $2,654,000 after purchasing an additional 5,071 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of AGNC Investment by 12.1% in the 2nd quarter. Van ECK Associates Corp now owns 646,451 shares of the real estate investment trust’s stock valued at $12,018,000 after purchasing an additional 69,900 shares during the last quarter. Institutional investors own 57.71% of the company’s stock.
Several brokerages have recently issued reports on AGNC. BidaskClub upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Monday, June 25th. Barclays reiterated a “hold” rating and issued a $19.00 price target on shares of AGNC Investment in a research note on Wednesday, September 12th. Maxim Group boosted their price objective on AGNC Investment from $19.25 to $19.75 and gave the stock a “buy” rating in a research report on Friday, July 27th. ValuEngine lowered AGNC Investment from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. Finally, JPMorgan Chase & Co. boosted their price objective on AGNC Investment from $18.00 to $18.50 and gave the stock a “$19.11” rating in a research report on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. AGNC Investment has a consensus rating of “Hold” and an average price target of $19.46.
Shares of AGNC stock opened at $18.58 on Friday. The firm has a market cap of $8.98 billion, a P/E ratio of 7.55 and a beta of 0.01. AGNC Investment Corp. has a twelve month low of $17.84 and a twelve month high of $21.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.29 and a current ratio of 0.29.
AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $177.00 million for the quarter, compared to analyst estimates of $274.15 million. AGNC Investment had a return on equity of 11.69% and a net margin of 134.01%. AGNC Investment’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. equities research analysts expect that AGNC Investment Corp. will post 2.44 EPS for the current fiscal year.
The company also recently disclosed a sep 18 dividend, which will be paid on Tuesday, October 9th. Investors of record on Friday, September 28th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a yield of 11.44%. AGNC Investment’s dividend payout ratio is currently 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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