Janus Henderson Group PLC Has $57.94 Million Position in AGNC Investment Corp. (AGNC)
Janus Henderson Group PLC boosted its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 33.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,672,335 shares of the real estate investment trust’s stock after acquiring an additional 668,185 shares during the quarter. Janus Henderson Group PLC owned 0.68% of AGNC Investment worth $57,936,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. FNY Managed Accounts LLC bought a new position in AGNC Investment in the 3rd quarter valued at approximately $104,000. Capstone Asset Management Co. bought a new position in AGNC Investment in the 2nd quarter valued at approximately $219,000. Crossmark Global Holdings Inc. bought a new position in AGNC Investment in the 3rd quarter valued at approximately $223,000. Summit Securities Group LLC lifted its position in AGNC Investment by 25.2% in the 3rd quarter. Summit Securities Group LLC now owns 13,400 shares of the real estate investment trust’s stock valued at $291,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Brookstone Capital Management lifted its position in AGNC Investment by 19.2% in the 3rd quarter. Brookstone Capital Management now owns 15,599 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 2,517 shares in the last quarter. 65.74% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently issued reports on AGNC. BidaskClub raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Zacks Investment Research cut AGNC Investment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $19.00 price objective on shares of AGNC Investment in a research report on Friday, December 1st. Finally, Maxim Group reissued a “buy” rating and set a $21.25 price target on shares of AGNC Investment in a report on Friday, October 27th. Two equities research 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 currently has an average rating of “Hold” and an average price target of $20.38.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The firm had revenue of $178.00 million for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $0.67 EPS. sell-side analysts predict that AGNC Investment Corp. will post 2.55 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.16 annualized dividend and a dividend yield of 10.47%. AGNC Investment’s payout ratio is 53.33%.
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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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