87,741 Shares in AGNC Investment Corp. $AGNC Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC acquired a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 87,741 shares of the real estate investment trust’s stock, valued at approximately $934,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Wealthfront Advisers LLC purchased a new position in shares of AGNC Investment in the 2nd quarter worth about $325,000. Equity Investment Corp bought a new position in AGNC Investment in the 2nd quarter worth about $106,123,000. Meeder Advisory Services Inc. purchased a new stake in AGNC Investment during the 2nd quarter valued at about $270,000. BlackRock Inc. bought a new stake in AGNC Investment during the 2nd quarter valued at about $704,076,000. Finally, Deutsche Bank AG bought a new stake in AGNC Investment during the 2nd quarter valued at about $1,645,000. 38.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the sale, the executive vice president owned 406,947 shares in the company, valued at approximately $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

AGNC Investment Trading Up 1.5%

Shares of AGNC stock opened at $11.08 on Thursday. AGNC Investment Corp. has a 12-month low of $9.62 and a 12-month high of $12.19. The stock has a market capitalization of $13.14 billion, a P/E ratio of 5.83 and a beta of 1.32. The firm’s 50 day moving average is $10.81 and its 200 day moving average is $10.71.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $305.00 million during the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a net margin of 57.94% and a return on equity of 17.96%. During the same period in the previous year, the business earned ($0.17) EPS. As a group, equities analysts predict that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 13.0%. AGNC Investment’s payout ratio is presently 75.79%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AGNC shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.50 target price (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $12.00 price target on shares of AGNC Investment in a research report on Friday, April 24th. Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Piper Sandler upped their price objective on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.11.

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.