Sanctuary Advisors LLC Invests $839,000 in AGNC Investment Corp. $AGNC

Sanctuary Advisors LLC acquired a new stake in AGNC Investment Corp. (NASDAQ:AGNC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 76,950 shares of the real estate investment trust’s stock, valued at approximately $839,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of AGNC Investment by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 97,745,127 shares of the real estate investment trust’s stock valued at $1,047,828,000 after buying an additional 1,304,782 shares in the last quarter. International Assets Investment Management LLC increased its holdings in AGNC Investment by 43.1% in the 4th quarter. International Assets Investment Management LLC now owns 486,562 shares of the real estate investment trust’s stock worth $5,216,000 after acquiring an additional 146,508 shares in the last quarter. BlackRock Inc. acquired a new position in AGNC Investment during the second quarter worth $704,076,000. QRG Capital Management Inc. raised its position in AGNC Investment by 921.8% during the first quarter. QRG Capital Management Inc. now owns 570,650 shares of the real estate investment trust’s stock worth $5,724,000 after acquiring an additional 514,804 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its holdings in AGNC Investment by 187.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 786,411 shares of the real estate investment trust’s stock valued at $8,430,000 after purchasing an additional 512,574 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insiders Place Their Bets

In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the firm’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 transaction, the executive vice president directly owned 406,947 shares of the company’s stock, valued at $4,476,417. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by company insiders.

AGNC Investment Stock Down 0.4%

AGNC Investment stock opened at $10.90 on Friday. AGNC Investment Corp. has a 52-week low of $9.62 and a 52-week high of $12.19. The firm has a market capitalization of $12.92 billion, a price-to-earnings ratio of 5.74 and a beta of 1.32. The company has a fifty day simple moving average of $10.88 and a 200-day simple moving average of $10.69.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $305.00 million for the quarter, compared to the consensus estimate 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 last year, the firm posted ($0.17) earnings per share. On average, research analysts anticipate that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be issued 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 dividend payout ratio is presently 75.79%.

Analysts Set New Price Targets

AGNC has been the subject of a number of research reports. Weiss Ratings raised shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Piper Sandler raised their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Wells Fargo & Company lowered their price objective on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Compass Point lowered AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.50 target price (up from $11.00) on shares of AGNC Investment in a report on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.11.

AGNC Investment Company Profile

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.