AGNC Investment (NASDAQ:AGNC) CEO Peter Federico Sells 67,794 Shares of Company Stock

AGNC Investment Corp. (NASDAQ:AGNC) CEO Peter Federico sold 67,794 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $8.89, for a total value of $602,688.66. Following the transaction, the chief executive officer owned 1,913,877 shares of the company’s stock, valued at approximately $17,014,366.53. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AGNC Investment Trading Up 1.0%

AGNC Investment stock opened at $8.87 on Wednesday. The firm has a 50 day moving average of $9.72 and a 200 day moving average of $10.54. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 887.89 and a beta of 1.36. AGNC Investment Corp. has a 12-month low of $8.38 and a 12-month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.06 billion. On average, analysts predict that AGNC Investment Corp. will post 1.58 EPS for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 16.2%. AGNC Investment’s dividend payout ratio is 14,400.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. North Dakota State Investment Board boosted its stake in AGNC Investment by 7.2% during the third quarter. North Dakota State Investment Board now owns 35,253 shares of the real estate investment trust’s stock valued at $320,000 after buying an additional 2,365 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in AGNC Investment by 9.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 41,362 shares of the real estate investment trust’s stock valued at $375,000 after buying an additional 3,691 shares in the last quarter. Park Avenue Securities LLC grew its holdings in AGNC Investment by 10.4% during the 3rd quarter. Park Avenue Securities LLC now owns 114,162 shares of the real estate investment trust’s stock valued at $1,035,000 after buying an additional 10,735 shares in the last quarter. Sigma Planning Corp grew its holdings in AGNC Investment by 9.8% during the 3rd quarter. Sigma Planning Corp now owns 125,375 shares of the real estate investment trust’s stock valued at $1,137,000 after buying an additional 11,186 shares in the last quarter. Finally, Simplicity Wealth LLC increased its stake in AGNC Investment by 18.4% in the 3rd quarter. Simplicity Wealth LLC now owns 252,799 shares of the real estate investment trust’s stock worth $2,293,000 after acquiring an additional 39,316 shares during the last quarter. 38.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on AGNC shares. Wall Street Zen cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Barclays dropped their target price on shares of AGNC Investment from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Wednesday, October 21st. JPMorgan Chase & Co. increased their price target on AGNC Investment from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Piper Sandler decreased their price target on AGNC Investment from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. Finally, Keefe, Bruyette & Woods lowered their price objective 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. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, AGNC Investment currently has an average rating of “Hold” and a consensus target price of $10.12.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.