Advisors Capital Management LLC Boosts Stock Holdings in AGNC Investment Corp. $AGNC

Key Points

• Advisors Capital Management LLC increased its stake in AGNC Investment Corp. by 2.6% in Q1, acquiring a total of 1,067,011 shares worth approximately $10.2 million.
• AGNC Investment recently reported a quarterly earnings miss with $0.38 EPS, falling short of the analyst estimate of $0.42, while also announcing a $0.12 dividend to be paid on October 9th.
• A significant portion of AGNC's stock, approximately 38.28%, is owned by institutional investors, highlighting the trust in the company's real estate investments.

Advisors Capital Management LLC grew its stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,067,011 shares of the real estate investment trust's stock after purchasing an additional 26,942 shares during the quarter. Advisors Capital Management LLC owned approximately 0.10% of AGNC Investment worth $10,222,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fourth Dimension Wealth LLC bought a new position in shares of AGNC Investment in the fourth quarter valued at about $26,000. N.E.W. Advisory Services LLC bought a new position in AGNC Investment during the first quarter worth about $28,000. Larson Financial Group LLC increased its position in AGNC Investment by 326.3% during the first quarter. Larson Financial Group LLC now owns 3,291 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 2,519 shares during the period. AlphaQuest LLC bought a new position in AGNC Investment during the first quarter worth about $34,000. Finally, VSM Wealth Advisory LLC bought a new position in AGNC Investment during the first quarter worth about $35,000. 38.28% of the stock is owned by institutional investors.

AGNC Investment Trading Down 0.1%

AGNC Investment stock traded down $0.01 during mid-day trading on Tuesday, hitting $10.18. 4,685,431 shares of the stock were exchanged, compared to its average volume of 24,775,385. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 12 month low of $7.85 and a 12 month high of $10.85. The firm's fifty day simple moving average is $9.67 and its two-hundred day simple moving average is $9.38. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 29.96 and a beta of 1.30.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.The firm had revenue of $830.00 million for the quarter, compared to the consensus estimate of $447.37 million. During the same quarter in the previous year, the business posted $0.53 EPS. Analysts forecast that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a sep 25 dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.12 per share. This represents a yield of 1,408.0%. The ex-dividend date is Tuesday, September 30th. AGNC Investment's payout ratio is 423.53%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AGNC. Keefe, Bruyette & Woods raised their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Jones Trading reaffirmed a "buy" rating and set a $9.50 price target on shares of AGNC Investment in a research report on Tuesday, July 22nd. Finally, UBS Group raised their price target on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, AGNC Investment has an average rating of "Moderate Buy" and a consensus price target of $9.63.

Insiders Place Their Bets

In other AGNC Investment news, Director John D. Fisk sold 20,278 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $9.65, for a total transaction of $195,682.70. Following the completion of the sale, the director owned 112,685 shares in the company, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul E. Mullings sold 11,000 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $9.61, for a total transaction of $105,710.00. Following the sale, the director owned 128,511 shares of the company's stock, valued at $1,234,990.71. This trade represents a 7.88% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

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).