GSA Capital Partners LLP bought a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 77,694 shares of the real estate investment trust’s stock, valued at approximately $847,000.
Other large investors have also recently added to or reduced their stakes in the company. Avion Wealth increased its holdings in shares of AGNC Investment by 286.3% in the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,021 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,690 shares in the last quarter. WealthCollab LLC bought a new stake in shares of AGNC Investment during the 3rd quarter worth $33,000. Financial Life Planners acquired a new position in shares of AGNC Investment in the 1st quarter worth $37,000. Finally, Archer Investment Corp grew its holdings in shares of AGNC Investment by 1,191.7% in the 4th quarter. Archer Investment Corp now owns 3,720 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 3,432 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.
AGNC Investment Price Performance
AGNC opened at $10.92 on Wednesday. The company has a market capitalization of $12.95 billion, a PE ratio of 5.75 and a beta of 1.32. AGNC Investment Corp. has a fifty-two week low of $9.59 and a fifty-two week high of $12.19. The business has a 50-day moving average of $10.79 and a 200-day moving average of $10.72.
AGNC Investment Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be paid a $0.12 dividend. The ex-dividend date is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 13.2%. AGNC Investment’s payout ratio is 75.79%.
Insider Buying and Selling
In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the sale, the executive vice president directly owned 406,947 shares of the company’s stock, valued at $4,476,417. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on AGNC shares. Compass Point lowered AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price on the stock. in a research report on Friday, July 17th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Wells Fargo & Company dropped their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Piper Sandler boosted their price objective on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.11.
View Our Latest Research Report on AGNC
About AGNC Investment
AGNC Investment Corp. is a self-managed real estate investment trust (REIT) that primarily acquires and manages a portfolio of residential mortgage-backed securities guaranteed by U.S. government-sponsored enterprises such as Ginnie Mae, Fannie Mae and Freddie Mac. The company employs a leveraged total return strategy, borrowing against its securities to enhance income potential while using interest rate hedges to manage risk. AGNC’s investment objective is to generate attractive monthly dividends and long-term capital appreciation for its shareholders.
Founded in 2008 and headquartered in Bethesda, Maryland, AGNC focuses exclusively on U.S.
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