AGNC Investment Corp. (NASDAQ:AGNC) Stake Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 19.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,295,386 shares of the real estate investment trust’s stock after selling 1,021,338 shares during the period. Victory Capital Management Inc.’s holdings in AGNC Investment were worth $44,930,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of AGNC Investment by 3.7% during the first quarter. Vanguard Group Inc. now owns 65,735,466 shares of the real estate investment trust’s stock worth $650,781,000 after acquiring an additional 2,368,658 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in AGNC Investment by 2.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,237,964 shares of the real estate investment trust’s stock valued at $86,169,000 after buying an additional 189,444 shares in the last quarter. Equity Investment Corp raised its holdings in AGNC Investment by 3.7% during the second quarter. Equity Investment Corp now owns 7,124,392 shares of the real estate investment trust’s stock valued at $67,967,000 after buying an additional 253,821 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in AGNC Investment by 6.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 4,807,050 shares of the real estate investment trust’s stock valued at $45,860,000 after buying an additional 290,720 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in AGNC Investment by 34.1% during the third quarter. Van ECK Associates Corp now owns 3,427,978 shares of the real estate investment trust’s stock valued at $34,074,000 after buying an additional 870,856 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $9.58 on Friday. The firm has a market cap of $8.48 billion, a PE ratio of 6.65 and a beta of 1.47. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.01. AGNC Investment Corp. has a 1-year low of $8.57 and a 1-year high of $10.85. The company has a fifty day moving average price of $10.09 and a 200 day moving average price of $9.95.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The company had revenue of $756.00 million during the quarter, compared to analyst estimates of $219.50 million. AGNC Investment had a return on equity of 23.41% and a net margin of 42.19%. During the same period in the previous year, the company posted $0.65 earnings per share. Research analysts predict that AGNC Investment Corp. will post 1.94 earnings per share for the current fiscal year.

AGNC Investment Dividend Announcement

The business also recently announced a nov 24 dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 29th will be paid a $0.12 dividend. This represents a yield of 14.9%. The ex-dividend date is Friday, November 29th. AGNC Investment’s payout ratio is presently 100.00%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AGNC shares. Keefe, Bruyette & Woods raised their target price on AGNC Investment from $10.00 to $10.25 and gave the company an “outperform” rating in a report on Thursday, July 25th. Royal Bank of Canada lifted their target price on AGNC Investment from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. StockNews.com downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th. Compass Point raised their price target on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Maxim Group cut shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.33.

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).