Pinebridge Investments L.P. increased its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 127.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,037,062 shares of the real estate investment trust’s stock after buying an additional 581,161 shares during the quarter. Pinebridge Investments L.P.’s holdings in AGNC Investment were worth $17,443,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advisory Services Network LLC boosted its holdings in AGNC Investment by 149.3% in the 2nd quarter. Advisory Services Network LLC now owns 1,496 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 896 shares during the period. Global Retirement Partners LLC boosted its holdings in AGNC Investment by 276.9% in the 1st quarter. Global Retirement Partners LLC now owns 1,568 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,152 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in AGNC Investment in the 2nd quarter valued at $30,000. Meeder Asset Management Inc. boosted its holdings in AGNC Investment by 2,397.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,873 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,798 shares during the period. Finally, Westside Investment Management Inc. bought a new stake in AGNC Investment in the 2nd quarter valued at $50,000. 66.48% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on the stock. Maxim Group reissued a “buy” rating and issued a $18.00 price target on shares of AGNC Investment in a report on Friday, July 26th. TheStreet downgraded shares of AGNC Investment from a “c” rating to a “d+” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. reduced their price objective on shares of AGNC Investment from $18.00 to $17.50 and set an “overweight” rating for the company in a report on Wednesday, July 24th. BidaskClub raised shares of AGNC Investment from a “strong sell” rating to a “sell” rating in a report on Thursday. Finally, UBS Group assumed coverage on shares of AGNC Investment in a report on Friday, June 21st. They set a “neutral” rating and a $16.50 price objective for the company. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.17.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $123.00 million for the quarter, compared to the consensus estimate of $289.69 million. AGNC Investment had a positive return on equity of 11.47% and a negative net margin of 62.31%. During the same period in the previous year, the business posted $0.63 earnings per share. On average, research analysts anticipate that AGNC Investment Corp. will post 1.97 earnings per share for the current year.
The company also recently announced a sep 19 dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, September 27th. AGNC Investment’s dividend payout ratio (DPR) is currently 81.70%.
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).
Further Reading: What is an inverted yield curve?
Want to see what other hedge funds are holding AGNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AGNC Investment Corp. (NASDAQ:AGNC).
Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.