Van ECK Associates Corp Has $25.19 Million Stake in AGNC Investment Corp. (NASDAQ:AGNC)

Van ECK Associates Corp grew its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC - Free Report) by 46.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,567,757 shares of the real estate investment trust's stock after buying an additional 815,713 shares during the quarter. Van ECK Associates Corp owned 0.38% of AGNC Investment worth $25,190,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. acquired a new stake in AGNC Investment during the 4th quarter valued at $38,593,000. Citigroup Inc. increased its position in shares of AGNC Investment by 103.2% during the third quarter. Citigroup Inc. now owns 185,721 shares of the real estate investment trust's stock worth $1,753,000 after acquiring an additional 94,332 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of AGNC Investment by 48.0% in the third quarter. Stifel Financial Corp now owns 451,460 shares of the real estate investment trust's stock worth $4,262,000 after acquiring an additional 146,406 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of AGNC Investment in the third quarter worth about $3,655,000. Finally, Tejara Capital Ltd bought a new position in shares of AGNC Investment during the third quarter worth about $3,299,000. Institutional investors and hedge funds own 38.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AGNC shares. Barclays lifted their price target on AGNC Investment from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Monday, January 22nd. JMP Securities reissued a "market perform" rating on shares of AGNC Investment in a research note on Thursday, April 18th. Jonestrading decreased their price target on shares of AGNC Investment from $10.75 to $10.25 and set a "buy" rating on the stock in a research report on Tuesday, April 23rd. Compass Point began coverage on AGNC Investment in a report on Tuesday, February 20th. They set a "buy" rating and a $10.25 target price for the company. Finally, Keefe, Bruyette & Woods dropped their price target on AGNC Investment from $10.00 to $9.50 and set an "outperform" rating on the stock in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $9.79.

Insider Buying and Selling at AGNC Investment

In other news, Director Frances Spark sold 5,000 shares of AGNC Investment stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $9.35, for a total value of $46,750.00. Following the completion of the transaction, the director now owns 75,545 shares in the company, valued at $706,345.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.43% of the company's stock.

AGNC Investment Stock Performance

AGNC Investment stock traded up $0.10 on Wednesday, reaching $9.25. 17,631,643 shares of the stock were exchanged, compared to its average volume of 11,944,407. The stock has a market cap of $6.43 billion, a PE ratio of 10.16 and a beta of 1.45. The firm has a fifty day moving average price of $9.54 and a two-hundred day moving average price of $9.27. AGNC Investment Corp. has a twelve month low of $6.81 and a twelve month high of $10.64. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.01.

AGNC Investment (NASDAQ:AGNC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. The business had revenue of $642.00 million during the quarter, compared to analyst estimates of $568.38 million. AGNC Investment had a net margin of 32.12% and a return on equity of 27.92%. During the same quarter in the prior year, the business earned $0.70 earnings per share. Sell-side analysts anticipate that AGNC Investment Corp. will post 2.1 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 30th will be given a $0.12 dividend. This represents a yield of 15.4%. The ex-dividend date of this dividend is Monday, April 29th. AGNC Investment's dividend payout ratio (DPR) is 158.24%.

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).