Townsquare Capital LLC grew its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 26.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 27,312 shares of the real estate investment trust’s stock after purchasing an additional 5,633 shares during the quarter. Townsquare Capital LLC’s holdings in AGNC Investment were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Level Four Advisory Services LLC bought a new stake in shares of AGNC Investment during the second quarter valued at approximately $427,000. Private Advisor Group LLC increased its stake in shares of AGNC Investment by 6.7% during the second quarter. Private Advisor Group LLC now owns 48,258 shares of the real estate investment trust’s stock valued at $623,000 after acquiring an additional 3,046 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of AGNC Investment by 33.7% during the second quarter. Canada Pension Plan Investment Board now owns 293,634 shares of the real estate investment trust’s stock valued at $3,788,000 after acquiring an additional 74,072 shares during the period. Sunbelt Securities Inc. increased its stake in shares of AGNC Investment by 27.0% during the second quarter. Sunbelt Securities Inc. now owns 127,329 shares of the real estate investment trust’s stock valued at $1,643,000 after acquiring an additional 27,104 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in shares of AGNC Investment by 139.9% during the second quarter. Cubist Systematic Strategies LLC now owns 402,609 shares of the real estate investment trust’s stock valued at $5,194,000 after acquiring an additional 234,791 shares during the period. 60.60% of the stock is currently owned by institutional investors.
In related news, Director Morris A. Davis sold 2,741 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $14.26, for a total transaction of $39,086.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.32% of the company’s stock.
Several research firms have issued reports on AGNC. Zacks Investment Research upgraded shares of AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, July 29th. Deutsche Bank raised shares of AGNC Investment from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.25 to $15.00 in a research note on Friday, July 24th. Argus began coverage on shares of AGNC Investment in a research note on Wednesday, June 24th. They issued a “buy” rating and a $15.00 price objective for the company. BidaskClub raised shares of AGNC Investment from a “strong sell” rating to a “sell” rating in a research note on Monday, July 20th. Finally, Barclays raised their price objective on shares of AGNC Investment from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $14.98.
Shares of AGNC stock traded up $0.05 during trading on Tuesday, reaching $14.62. The company had a trading volume of 16,636 shares, compared to its average volume of 10,143,800. The firm’s 50 day simple moving average is $13.88 and its two-hundred day simple moving average is $13.19. AGNC Investment Corp. has a one year low of $6.25 and a one year high of $19.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market capitalization of $8.09 billion, a PE ratio of -8.62 and a beta of 0.91.
AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.12. AGNC Investment had a negative net margin of 109.14% and a positive return on equity of 14.66%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $287.39 million. During the same period in the previous year, the company earned $0.49 earnings per share. AGNC Investment’s revenue for the quarter was up 2310.6% on a year-over-year basis. Analysts forecast that AGNC Investment Corp. will post 2.22 earnings per share for the current year.
The firm also recently announced a sep 20 dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, September 29th. AGNC Investment’s dividend payout ratio (DPR) is currently 66.67%.
AGNC Investment Company 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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