Adage Capital Partners GP LLC owns $5.19 million worth of shares in AGNC Investment Corp. (NASDAQ:AGNC)

Adage Capital Partners GP LLC owns $5.19 million worth of shares in AGNC Investment Corp.  (NASDAQ:AGNC)


Adage Capital Partners GP LLC has raised its stake in AGNC Investment Corp. (NASDAQ:AGNC – Free Report) rose 175.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The Fund owns 550,000 shares of REIT stock after purchasing an additional 350,000 shares during the period. Adage Capital Partners GP LLC owned 0.08% of AGNC’s investment worth $5,192,000 at the end of the fourth quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acquired by Coppell Advisory Solutions Corp. Acquired a new stake in AGNC Investment during the fourth quarter worth $27,000. Coppell Advisory Solutions LLC purchased a new position in shares of AGNC Investment in the second quarter worth about $29,000. Worth Asset Management LLC acquired a new stake in AGNC Investment in the first quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of AGNC Investment by 128.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. Now 3,580 shares of the real estate investment trust’s stock are worth $37,000 after acquiring an additional 2,015 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of AGNC Investment by 32.6% during the second quarter. Huntington National Bank now owns 5,418 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 1,332 shares during the last quarter. Institutional investors own 38.86% of the company’s shares.

Performance of AGNC investment stocks

AGNC Investment stock opened at $9.73 on Monday. At AGNC Investment Corp. It has a fifty-two week low of $6.81 and a fifty-two week high of $10.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 973.97 and a beta of 1.45. The company’s fifty day moving average price is $9.62 and its 200 day moving average price is $9.29.

AGNC Investment (NASDAQ:AGNC – Get Free Report) last announced its quarterly earnings data on Monday, January 29th. The real estate investment trust reported earnings of $0.60 per share during the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. The company had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $570.42 million. AGNC Investment achieved a return on equity of 28.02% and a net margin of 7.59%. During the same period last year, the company posted $0.74 EPS. On average, equity research analysts expect AGNC Investment Corp. About 2.09 earnings per share for the current fiscal year.

AGNC Investment Company announces dividend distribution

The company also recently announced a dividend on February 24th, which will be paid on Monday, March 11th. Shareholders of record on Thursday, February 29th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, February 28th. This represents a return of 15.1%. AGNC Investment’s payout ratio is 14,414.41%.

Insider buying and selling

In other news, CFO Bernice Bell sold 10,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $9.85, for a total transaction of $98,500.00. Following the completion of the transaction, the CFO now directly owns 287,282 shares of the company’s stock, valued at $2,829,727.70. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. 0.52% of shares are owned by corporate insiders.

Analyst promotions and downgrades

AGNC has been the subject of a number of research analyst reports. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Keefe, Bruyette & Woods raised their target price on shares of AGNC Investment from $8.50 to $10.00 and gave the stock an “outperform” rating in a report on Wednesday, December 13th. Royal Bank of Canada cut their price target on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, January 25th. Barclays raised their price target on shares of AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, January 22nd. Finally, UBS Group reiterated a “neutral” rating and set a $9.00 price target on shares of AGNC Investment in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.96.

Read our latest report on AGNC

About AGNC Investment

(Free report)

AGNC Investment Corporation, formerly known as American Capital Agency Corp, is a real estate investment trust. The Company invests in residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) whose principal and interest payments are guaranteed by a government-sponsored institution, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan and Mortgage Corporation (Freddie Mac). Or by a United States government agency, such as the Ginnie Mae National Mortgage Association (collectively, the GSEs).

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Institutional Ownership Quarterly for AGNC Investment (NASDAQ:AGNC)



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