AGNC Investment Corp. $AGNC Shares Bought by Yousif Capital Management LLC

Key Points

• Yousif Capital Management increased its AGNC Investment stake by 532.4% in the third quarter, adding 296,597 shares to own 352,308 shares valued at approximately $3.2 million. Institutional investors collectively own 38.28% of the REIT.
• Analyst sentiment is mixed but leans cautious: AGNC has a consensus “Hold” rating and an average price target of $10.12, while several firms recently reduced their targets. The stock opened at $8.78, near its 52-week low of $8.38.
• AGNC reported quarterly EPS of $0.37, matching estimates, and revenue of $1.20 billion, above expectations. The company declared a monthly dividend of $0.12 per share, equivalent to an annualized yield of approximately 16.4%.

Yousif Capital Management LLC raised its position in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 532.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 352,308 shares of the real estate investment trust's stock after purchasing an additional 296,597 shares during the quarter. Yousif Capital Management LLC's holdings in AGNC Investment were worth $3,195,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Handelsbanken Fonder AB raised its position in shares of AGNC Investment by 0.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust's stock valued at $3,851,000 after purchasing an additional 900 shares during the period. Wedmont Private Capital lifted its stake in shares of AGNC Investment by 1.4% during the 2nd quarter. Wedmont Private Capital now owns 73,805 shares of the real estate investment trust's stock valued at $821,000 after buying an additional 988 shares in the last quarter. Spinnaker Investment Group LLC lifted its stake in shares of AGNC Investment by 1.4% during the 2nd quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust's stock valued at $824,000 after buying an additional 1,014 shares in the last quarter. NWF Advisory Services Inc. lifted its stake in shares of AGNC Investment by 8.2% during the 2nd quarter. NWF Advisory Services Inc. now owns 13,475 shares of the real estate investment trust's stock valued at $147,000 after buying an additional 1,026 shares in the last quarter. Finally, World Investment Advisors boosted its holdings in AGNC Investment by 5.5% in the 1st quarter. World Investment Advisors now owns 20,528 shares of the real estate investment trust's stock worth $206,000 after buying an additional 1,064 shares during the period. 38.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AGNC shares. Barclays cut their price target on AGNC Investment from $10.00 to $9.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 21st. Wall Street Zen downgraded AGNC Investment from a "hold" rating to a "sell" rating in a research report on Saturday, October 17th. Piper Sandler lowered their price objective on AGNC Investment from $12.00 to $10.00 and set an "overweight" rating on the stock in a research report on Friday, October 9th. Keefe, Bruyette & Woods dropped their price objective on AGNC Investment from $12.00 to $11.00 and set a "market perform" rating for the company in a research note on Wednesday, July 22nd. Finally, Weiss Ratings cut AGNC Investment from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $10.12.

AGNC Investment Price Performance

AGNC Investment stock opened at $8.78 on Tuesday. The stock has a market cap of $10.41 billion, a P/E ratio of 878.88 and a beta of 1.36. AGNC Investment Corp. has a 1 year low of $8.38 and a 1 year high of $12.19. The firm's 50 day moving average price is $9.76 and its 200-day moving average price is $10.55.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last released its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities analysts expect that AGNC Investment Corp. will post 1.58 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be issued a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 16.4%. The ex-dividend date is Friday, October 30th. AGNC Investment's payout ratio is currently 14,400.00%.

AGNC Investment Profile

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.

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