Choreo LLC Increases Holdings in AGNC Investment Corp. (NASDAQ:AGNC)

Choreo LLC raised its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 58.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,668 shares of the real estate investment trust’s stock after purchasing an additional 14,942 shares during the period. Choreo LLC’s holdings in AGNC Investment were worth $386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Ashton Thomas Private Wealth LLC purchased a new stake in AGNC Investment in the second quarter worth $31,000. First Foundation Advisors purchased a new stake in shares of AGNC Investment in the 2nd quarter worth about $450,000. Oak Thistle LLC boosted its stake in shares of AGNC Investment by 4.9% during the 2nd quarter. Oak Thistle LLC now owns 26,815 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 1,251 shares in the last quarter. Mount Lucas Management LP increased its position in shares of AGNC Investment by 1.0% during the second quarter. Mount Lucas Management LP now owns 492,000 shares of the real estate investment trust’s stock valued at $4,694,000 after buying an additional 5,080 shares during the period. Finally, Caprock Group LLC raised its stake in AGNC Investment by 10.3% in the second quarter. Caprock Group LLC now owns 126,111 shares of the real estate investment trust’s stock worth $1,218,000 after buying an additional 11,822 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Up 1.9 %

NASDAQ:AGNC opened at $10.55 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $7.67 billion, a P/E ratio of 11.59 and a beta of 1.47. AGNC Investment Corp. has a fifty-two week low of $6.81 and a fifty-two week high of $10.57. The firm has a 50-day simple moving average of $10.14 and a two-hundred day simple moving average of $9.79.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $695.00 million for the quarter, compared to the consensus estimate of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. AGNC Investment’s revenue was up 52.1% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. Analysts predict that AGNC Investment Corp. will post 2.11 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently declared a aug 24 dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were paid a $0.12 dividend. This represents a dividend yield of 14.5%. The ex-dividend date of this dividend was Friday, August 30th. AGNC Investment’s dividend payout ratio is currently 158.24%.

Insider Activity

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $9.97, for a total value of $49,850.00. Following the completion of the transaction, the chief financial officer now owns 308,182 shares of the company’s stock, valued at approximately $3,072,574.54. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Compass Point upped their target price on AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Maxim Group cut AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a research report on Wednesday, August 28th. StockNews.com downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Sunday, September 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.13.

AGNC Investment 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).