AGNC Investment Corp. $AGNC Shares Acquired by Advisors Capital Management LLC

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 boosted its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 2.6% in the first quarter, according to its most recent 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mendon Capital Advisors Corp acquired a new position in AGNC Investment during the 1st quarter valued at approximately $1,916,000. Integrity Alliance LLC. acquired a new position in AGNC Investment during the 1st quarter valued at approximately $996,000. SCS Capital Management LLC acquired a new position in AGNC Investment during the 1st quarter valued at approximately $466,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in AGNC Investment by 16.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,811,782 shares of the real estate investment trust's stock valued at $26,937,000 after purchasing an additional 387,524 shares during the period. Finally, Ascent Group LLC acquired a new position in AGNC Investment during the 1st quarter valued at approximately $241,000. Institutional investors and hedge funds own 38.28% of the company's stock.

Insiders Place Their Bets

In other news, Director John D. Fisk sold 20,278 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $9.65, for a total value of $195,682.70. Following the sale, the director owned 112,685 shares of the company's stock, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Mullings sold 11,000 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the sale, the director directly owned 128,511 shares in the company, valued at $1,234,990.71. This represents a 7.88% decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

AGNC Investment Trading Down 0.2%

Shares of AGNC stock opened at $10.23 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.33 and a current ratio of 0.33. AGNC Investment Corp. has a 1 year low of $7.85 and a 1 year high of $10.85. The stock has a fifty day moving average of $9.64 and a two-hundred day moving average of $9.40. The firm has a market capitalization of $10.66 billion, a PE ratio of 30.09 and a beta of 1.30.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $447.37 million. During the same period in the prior year, the firm posted $0.53 EPS. As a group, research analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

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

Analyst Ratings Changes

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

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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