Nuveen LLC Acquires New Position in AGNC Investment Corp. $AGNC

Key Points

• Nuveen LLC has acquired a new stake in AGNC Investment Corp. worth approximately $30.55 million, owning about 0.31% of the company as of the latest reporting period.
• AGNC Investment recently reported a quarterly EPS of $0.38, missing estimates of $0.42, with total revenues significantly exceeding analyst expectations at $830 million.
• The company announced a monthly dividend of $0.12 per share, with an annualized yield of 15.0% and a payout ratio of 423.53%.

Nuveen LLC purchased a new stake in AGNC Investment Corp. (NASDAQ:AGNC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,188,513 shares of the real estate investment trust's stock, valued at approximately $30,546,000. Nuveen LLC owned 0.31% of AGNC Investment as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AGNC. Cerity Partners LLC grew its holdings in shares of AGNC Investment by 74.3% in the 4th quarter. Cerity Partners LLC now owns 32,685 shares of the real estate investment trust's stock valued at $313,000 after acquiring an additional 13,934 shares in the last quarter. Invesco Ltd. grew its holdings in shares of AGNC Investment by 0.7% in the 4th quarter. Invesco Ltd. now owns 2,248,375 shares of the real estate investment trust's stock valued at $20,708,000 after acquiring an additional 16,266 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of AGNC Investment by 72.0% in the 4th quarter. Sterling Capital Management LLC now owns 48,334 shares of the real estate investment trust's stock valued at $445,000 after acquiring an additional 20,238 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of AGNC Investment by 31.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 163,569 shares of the real estate investment trust's stock valued at $1,506,000 after acquiring an additional 38,856 shares in the last quarter. Finally, Mariner LLC grew its holdings in shares of AGNC Investment by 22.5% in the 4th quarter. Mariner LLC now owns 87,298 shares of the real estate investment trust's stock valued at $804,000 after acquiring an additional 16,013 shares in the last quarter. Institutional investors own 38.28% of the company's stock.

AGNC Investment Stock Performance

AGNC stock traded down $0.0550 during mid-day trading on Thursday, hitting $9.6550. 11,923,155 shares of the company were exchanged, compared to its average volume of 25,265,877. The business has a 50 day simple moving average of $9.42 and a 200-day simple moving average of $9.43. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $10.06 billion, a PE ratio of 28.40 and a beta of 1.28. AGNC Investment Corp. has a 1-year low of $7.85 and a 1-year high of $10.85.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $830.00 million for the quarter, compared to analyst estimates of $447.37 million. AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.During the same quarter last year, the business earned $0.53 earnings per share. On average, equities analysts forecast that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date is Friday, August 29th. AGNC Investment's payout ratio is presently 423.53%.

Insider Buying and Selling

In other news, Director John D. Fisk sold 20,278 shares of AGNC Investment stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $9.65, for a total value of $195,682.70. Following the completion of the sale, the director directly owned 112,685 shares in the company, valued at approximately $1,087,410.25. The trade was a 15.25% decrease in their ownership of the stock. 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 AGNC Investment stock in a transaction that occurred 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 completion of the sale, the director owned 128,511 shares of the company's stock, valued at approximately $1,234,990.71. The trade was a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AGNC. Wall Street Zen cut AGNC Investment from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. UBS Group raised their price objective on AGNC Investment from $8.50 to $9.50 and gave the company a "neutral" rating in a report on Thursday, July 10th. Royal Bank Of Canada cut their target price on shares of AGNC Investment from $11.00 to $10.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Jones Trading reiterated a "buy" rating and issued a $9.50 target price on shares of AGNC Investment in a research note on Tuesday, July 22nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of AGNC Investment from $9.50 to $10.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Five 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 target price of $9.58.

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).