AGNC Investment (NASDAQ:AGNC) EVP Sells $55,000.00 in Stock

AGNC Investment Corp. (NASDAQ:AGNC) EVP Bernice Bell sold 5,000 shares of the firm’s stock in a transaction 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 owned 406,947 shares in the company, valued at approximately $4,476,417. This represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

AGNC Investment Price Performance

NASDAQ:AGNC opened at $10.66 on Friday. AGNC Investment Corp. has a 1-year low of $9.31 and a 1-year high of $12.19. The company has a 50-day moving average of $10.67 and a 200 day moving average of $10.81. The firm has a market cap of $12.24 billion, a PE ratio of 5.61 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, July 20th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a net margin of 57.94% and a return on equity of 18.20%. The business had revenue of $305.00 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm posted ($0.17) EPS. Sell-side analysts anticipate that AGNC Investment Corp. will post 1.6 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 13.5%. AGNC Investment’s dividend payout ratio (DPR) is currently 75.79%.

Analyst Ratings Changes

A number of equities analysts recently commented on AGNC shares. Wells Fargo & Company reduced their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AGNC Investment in a research report on Wednesday, June 24th. Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Royal Bank Of Canada reissued an “outperform” rating and issued a $12.00 price target on shares of AGNC Investment in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. restated 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. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.11.

Institutional Investors Weigh In On AGNC Investment

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of AGNC Investment by 1.4% in 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 acquiring an additional 1,304,782 shares during the period. International Assets Investment Management LLC increased its holdings in shares of AGNC Investment by 43.1% in the fourth quarter. International Assets Investment Management LLC now owns 486,562 shares of the real estate investment trust’s stock valued at $5,216,000 after purchasing an additional 146,508 shares during the period. Trivium Point Advisory LLC raised its stake in shares of AGNC Investment by 18.9% in the fourth quarter. Trivium Point Advisory LLC now owns 1,355,114 shares of the real estate investment trust’s stock worth $14,527,000 after purchasing an additional 215,586 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of 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 worth $8,430,000 after purchasing an additional 512,574 shares during the period. Finally, QRG Capital Management Inc. boosted its position in AGNC Investment by 921.8% in the first quarter. QRG Capital Management Inc. now owns 570,650 shares of the real estate investment trust’s stock valued at $5,724,000 after buying an additional 514,804 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

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.