Oak Thistle LLC has reduced its holdings in AGNC Investment Corp., a real estate investment trust, according to its latest filing with the SEC. The company sold 17,521 shares during the fourth quarter of last year, resulting in Oak Thistle LLC owning 23,461 shares worth $243,000 at the end of Q4. This news follows AGNC’s recent announcement regarding its dividend payout ratio (DPR), which currently stands at -92.31%. However, despite this development and various criticism from research firms regarding the company’s current state of affairs, six have reportedly given AGNC’s stock a “buy” rating.
Recently released reports have indicated that Barclays lowered their target price on shares of AGNC from $11.00 to $10.00 and Piper Sandler initiated coverage on the stock with a “hold” rating last month. Meanwhile, JPMorgan Chase & Co decreased their price target on shares of AGNC Investment from $12.50 to $11.00 while RBC raised theirs from $9.00 to $12.00 per the same report published February 7th.
Nonetheless, investors will still reportedly receive dividends with recently declared April 23rd payout slated for Tuesday May 9th this year following requirements for eligibility which include having record by April 28th and hitting set holdings. These dividends are set at $0.12 per share representing a yield of approximately 14.5% making it an attractive offer for many shareholders.
While some analysts may be on edge about AGNC’s near-term future prospects, other factors like its-dividend history announcement and yield could provide an optimistic outlook that may result in more activity surrounding these stocks down the line amongst investors who are able to overlook potential risks associated with this organization given all signs pointing towards growth – albeit gradual – over time that could ultimately benefit those who stay vigilant with watching out for updates surrounding said firm.
AGNC Investment Corp. Sees Changes in Investor Positions and Announces Dividend Yield
AGNC Investment Corp, a real estate investment trust, has seen several changes to its institutional investor and hedge fund positions recently. Raymond James Financial Services Advisors increased its holdings in AGNC by 50.5%, now owning 46,983 shares valued at $615,000. US Bancorp DE grew its stake by 68.9%, while Yousif Capital Management LLC also increased their holdings by 5.2%. Additionally, MetLife Investment Management LLC bought a new position in the company during Q1 2017. Institutional investors now hold 40.87% of AGNC’s stock.
Meanwhile, EVP Kenneth L. Pollack sold over ten thousand shares of his holdings earlier this year in February for $11.34/share resulting in a total transaction of $123,719.40 While Mr.Pollack still holds valuable stocks worth $2,592,709.56; this sale was significant due to the insider information he had.
The firm also announced its apr 23 dividend which has been set at $0.12 per share with an effective dividend yield of 14.5%. Record date for shareholders is Friday April 28th and ex-dividend date is Thursday April 27th; this public declaration will attract more institutional investors and push up the stock prices.
AGNC Investment Corp.’s stock has seen fluctuations with an opening price of $9.78 on Friday while maintaining the fifty-day average at $10:25 and two hundred day average at $10:08 respectively.The company’s quick ratio is .24 while debt-to-equity ratio stands at .02 which makes it a suitable asset for investment in light of the current rather volatile market conditions.
The company recently posted better-than-expected earnings for Q1 FY17 reporting earnings per share of $.70 compared to estimated predictions of $.65 adding that the revenue generated from Q1 declined by almost 21.7% from last year. The yield is still positive in terms of equity return on investments for the current year, earning $2.32 per stock post dividends. This boost of good news may result in attracting even more clients and corporate investors, with a potential spike in its stock performance for the coming quarters as well.
