Equitable Holdings Inc. Takes Position in AGNC Investment Corp. $AGNC

Equitable Holdings Inc. acquired a new position in AGNC Investment Corp. (NASDAQ:AGNC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 72,812 shares of the real estate investment trust’s stock, valued at approximately $794,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Handelsbanken Fonder AB grew its position in AGNC Investment by 0.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock worth $3,851,000 after acquiring an additional 900 shares during the last quarter. Wealthspire Advisors LLC lifted its position in AGNC Investment by 0.9% in the fourth 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 last quarter. Davidson Trust Co. boosted its stake in shares of AGNC Investment by 4.4% during the first 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 boosted its stake in shares of AGNC Investment by 1.4% during the second 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 grew its holdings in shares of AGNC Investment by 10.4% in the fourth quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 1,046 shares during the last quarter. Institutional investors own 38.28% of the company’s stock.

AGNC Investment Stock Performance

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

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

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be given 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 75.79%.

Wall Street Analysts Forecast Growth

AGNC has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Piper Sandler boosted their price objective on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Wells Fargo & Company lowered 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. Compass Point lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a report on Friday, July 17th. Finally, Keefe, Bruyette & Woods cut their target price on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.11.

Insider Activity at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the firm’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 transaction, the executive vice president directly owned 406,947 shares in the company, valued at $4,476,417. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

AGNC Investment 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.