AGNC Investment Corp. (NASDAQ:AGNC) Position Boosted by Mount Lucas Management LP

Mount Lucas Management LP lifted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 522,300 shares of the real estate investment trust’s stock after acquiring an additional 12,800 shares during the quarter. AGNC Investment accounts for about 1.7% of Mount Lucas Management LP’s holdings, making the stock its 7th largest position. Mount Lucas Management LP’s holdings in AGNC Investment were worth $4,810,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AGNC. Financial Life Planners bought a new stake in AGNC Investment in the fourth quarter worth about $28,000. Point72 Asset Management L.P. bought a new stake in shares of AGNC Investment in the 3rd quarter worth approximately $32,000. Spire Wealth Management raised its holdings in shares of AGNC Investment by 94.5% in the 4th quarter. Spire Wealth Management now owns 4,059 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,972 shares during the period. Strategic Financial Concepts LLC grew its holdings in AGNC Investment by 775.6% during the fourth quarter. Strategic Financial Concepts LLC now owns 581,569 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 515,148 shares during the period. Finally, Huntington National Bank increased its position in AGNC Investment by 105.7% in the third quarter. Huntington National Bank now owns 6,705 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 3,445 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

AGNC Investment Stock Up 2.4 %

Shares of NASDAQ:AGNC opened at $10.38 on Monday. The firm has a fifty day moving average price of $9.91 and a two-hundred day moving average price of $9.93. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 10.70 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.23 and a quick ratio of 0.23. AGNC Investment Corp. has a one year low of $8.92 and a one year high of $10.85.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.05). AGNC Investment had a net margin of 29.26% and a return on equity of 21.92%. Analysts anticipate that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently disclosed a feb 25 dividend, which will be paid on Tuesday, March 11th. Investors of record on Friday, February 28th will be given a $0.12 dividend. This represents a dividend yield of 13.8%. The ex-dividend date of this dividend is Friday, February 28th. AGNC Investment’s dividend payout ratio (DPR) is 148.45%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AGNC shares. JMP Securities reiterated a “market perform” rating on shares of AGNC Investment in a research note on Thursday, January 23rd. Argus raised shares of AGNC Investment to a “hold” rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods cut their price objective on shares of AGNC Investment from $10.75 to $10.25 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $11.00 target price on shares of AGNC Investment in a report on Thursday, January 30th. Finally, Wells Fargo & Company cut their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, AGNC Investment presently has an average rating of “Moderate Buy” and an average price target of $10.50.

Insider Activity at AGNC Investment

In related news, Director Frances Spark sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.10, for a total transaction of $50,500.00. Following the completion of the sale, the director now directly owns 75,919 shares in the company, valued at $766,781.90. This represents a 6.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Bernice Bell sold 13,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $10.04, for a total transaction of $130,520.00. Following the completion of the sale, the chief financial officer now directly owns 372,226 shares in the company, valued at approximately $3,737,149.04. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by insiders.

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).