Gilman Hill Asset Management LLC reduced its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 58.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,500 shares of the real estate investment trust’s stock after selling 14,500 shares during the period. Gilman Hill Asset Management LLC’s holdings in AGNC Investment were worth $97,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Astoria Portfolio Advisors LLC. grew its holdings in AGNC Investment by 6.1% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 105,415 shares of the real estate investment trust’s stock valued at $974,000 after buying an additional 6,022 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of AGNC Investment in the fourth quarter valued at about $129,000. Howard Financial Services LTD. increased its position in AGNC Investment by 195.2% during the fourth quarter. Howard Financial Services LTD. now owns 53,834 shares of the real estate investment trust’s stock worth $496,000 after purchasing an additional 35,598 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in AGNC Investment by 28.0% in the 4th quarter. Arkadios Wealth Advisors now owns 57,398 shares of the real estate investment trust’s stock valued at $529,000 after purchasing an additional 12,559 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of AGNC Investment by 49.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 17,526 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 5,826 shares during the period. 38.28% of the stock is currently owned by hedge funds and other institutional investors.
AGNC Investment Stock Up 0.6 %
Shares of AGNC opened at $9.61 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market capitalization of $8.51 billion, a PE ratio of 6.67 and a beta of 1.47. The company’s 50-day simple moving average is $9.49 and its 200-day simple moving average is $9.90. AGNC Investment Corp. has a 1 year low of $8.92 and a 1 year high of $10.85.
AGNC Investment Announces Dividend
The business also recently announced a jan 25 dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a $0.12 dividend. The ex-dividend date is Friday, January 31st. This represents a yield of 15.5%. AGNC Investment’s dividend payout ratio (DPR) is presently 100.00%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on AGNC shares. StockNews.com lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. JPMorgan Chase & Co. decreased their price target on AGNC Investment from $10.00 to $9.50 and set an “overweight” rating on the stock in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.44.
Read Our Latest Stock Analysis on AGNC
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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