Freestone Grove Partners LP Invests $2.20 Million in AGNC Investment Corp. $AGNC

Freestone Grove Partners LP bought a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 201,433 shares of the real estate investment trust’s stock, valued at approximately $2,196,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Handelsbanken Fonder AB raised its position in AGNC Investment by 0.3% in the second quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock worth $3,851,000 after purchasing an additional 900 shares in the last quarter. Wealthspire Advisors LLC grew its stake in shares of AGNC Investment by 0.9% in the 4th quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock valued at $1,118,000 after purchasing an additional 907 shares during the period. Davidson Trust Co. grew its stake in shares of AGNC Investment by 4.4% in the 1st quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust’s stock valued at $234,000 after purchasing an additional 985 shares during the period. Spinnaker Investment Group LLC grew its stake in shares of AGNC Investment by 1.4% in the 2nd quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock valued at $824,000 after purchasing an additional 1,014 shares during the period. Finally, Lido Advisors LLC raised its holdings in shares of AGNC Investment by 10.4% in the 4th quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 1,046 shares in the last quarter. Institutional investors own 38.28% of the company’s stock.

Insider Transactions at AGNC Investment

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the transaction, the executive vice president owned 406,947 shares in the company, valued at approximately $4,476,417. The trade was a 1.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AGNC. Piper Sandler raised their target price on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Keefe, Bruyette & Woods lowered their price target on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.50 price objective (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. Weiss Ratings raised AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Finally, Compass Point downgraded shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price on the stock. in a research note on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, AGNC Investment currently has an average rating of “Hold” and a consensus price target of $11.11.

AGNC Investment Trading Down 0.4%

Shares of AGNC Investment stock opened at $10.90 on Friday. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 5.74 and a beta of 1.32. The firm’s 50-day moving average price is $10.88 and its two-hundred day moving average price is $10.69. AGNC Investment Corp. has a 1-year low of $9.62 and a 1-year high of $12.19.

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

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend is Monday, August 31st. AGNC Investment’s dividend payout ratio (DPR) is currently 75.79%.

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.