Lido Advisors LLC Purchases 65,629 Shares of AGNC Investment Corp. $AGNC

Lido Advisors LLC boosted its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 588.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 76,781 shares of the real estate investment trust’s stock after acquiring an additional 65,629 shares during the quarter. Lido Advisors LLC’s holdings in AGNC Investment were worth $780,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Walleye Capital LLC purchased a new position in shares of AGNC Investment in the first quarter valued at about $201,000. Cetera Investment Advisers grew its stake in shares of AGNC Investment by 24.1% in the first quarter. Cetera Investment Advisers now owns 1,157,316 shares of the real estate investment trust’s stock worth $11,608,000 after purchasing an additional 225,034 shares during the last quarter. Icon Advisers Inc. Co. increased its holdings in AGNC Investment by 679.4% during the 1st quarter. Icon Advisers Inc. Co. now owns 604,131 shares of the real estate investment trust’s stock valued at $6,059,000 after purchasing an additional 526,618 shares during the period. Wiregrass Investment Management LLC bought a new position in AGNC Investment during the 1st quarter valued at approximately $891,000. Finally, First Trust Advisors LP lifted its holdings in AGNC Investment by 13,508.5% in the 1st quarter. First Trust Advisors LP now owns 1,508,916 shares of the real estate investment trust’s stock worth $15,134,000 after buying an additional 1,497,828 shares during the period. Institutional investors own 38.28% of the company’s stock.

Insider Activity at AGNC Investment

In other news, Director Donna Blank sold 22,000 shares of AGNC Investment stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $10.78, for a total value of $237,160.00. Following the completion of the transaction, the director owned 96,471 shares of the company’s stock, valued at $1,039,957.38. The trade was a 18.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

AGNC Investment Price Performance

Shares of NASDAQ AGNC opened at $11.07 on Wednesday. AGNC Investment Corp. has a 1 year low of $9.31 and a 1 year high of $12.19. The firm has a 50-day moving average of $10.63 and a 200 day moving average of $10.81. The stock has a market cap of $12.71 billion, a P/E ratio of 5.83 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping 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 analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the company earned ($0.17) earnings per share. Research analysts expect that AGNC Investment Corp. will post 1.58 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date of this dividend is Friday, July 31st. AGNC Investment’s payout ratio is 75.79%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AGNC shares. Keefe, Bruyette & Woods reduced 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. Compass Point downgraded shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a research report on Friday, July 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $12.00 target price on shares of AGNC Investment in a research note on Friday, April 24th. UBS Group increased their price target on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Piper Sandler increased 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. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.11.

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.