Western Wealth Management LLC Reduces Position in AGNC Investment Corp. (NASDAQ:AGNC)

Western Wealth Management LLC reduced its position in AGNC Investment Corp. (NASDAQ:AGNC) by 28.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,967 shares of the real estate investment trust’s stock after selling 6,712 shares during the quarter. Western Wealth Management LLC’s holdings in AGNC Investment were worth $166,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. bought a new stake in AGNC Investment in the fourth quarter valued at about $38,593,000. Citigroup Inc. increased its holdings in AGNC Investment by 103.2% in the third quarter. Citigroup Inc. now owns 185,721 shares of the real estate investment trust’s stock valued at $1,753,000 after buying an additional 94,332 shares during the last quarter. Van ECK Associates Corp boosted its stake in AGNC Investment by 4.7% in the third quarter. Van ECK Associates Corp now owns 1,752,044 shares of the real estate investment trust’s stock valued at $16,539,000 after acquiring an additional 78,253 shares during the period. Stifel Financial Corp boosted its stake in AGNC Investment by 48.0% in the third quarter. Stifel Financial Corp now owns 451,460 shares of the real estate investment trust’s stock valued at $4,262,000 after acquiring an additional 146,406 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in AGNC Investment in the third quarter valued at approximately $3,655,000. 38.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on AGNC. StockNews.com upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Royal Bank of Canada decreased their target price on AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, January 25th. Jonestrading decreased their target price on AGNC Investment from $10.75 to $10.25 and set a “buy” rating for the company in a research note on Tuesday. Compass Point started coverage on AGNC Investment in a research report on Tuesday, February 20th. They set a “buy” rating and a $10.25 price objective for the company. Finally, Barclays boosted their price objective on AGNC Investment from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, January 22nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.86.

Insiders Place Their Bets

In other AGNC Investment news, CFO Bernice Bell sold 10,000 shares of AGNC Investment stock in a transaction on Friday, January 26th. The shares were sold at an average price of $9.85, for a total transaction of $98,500.00. Following the completion of the sale, the chief financial officer now owns 287,282 shares of the company’s stock, valued at approximately $2,829,727.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.43% of the company’s stock.

AGNC Investment Stock Up 1.8 %

AGNC stock opened at $9.37 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.26 and a quick ratio of 0.26. AGNC Investment Corp. has a 52-week low of $6.81 and a 52-week high of $10.64. The company has a 50-day moving average of $9.55 and a two-hundred day moving average of $9.26. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 937.94 and a beta of 1.45.

AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The firm had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $568.38 million. AGNC Investment had a net margin of 7.59% and a return on equity of 28.02%. During the same quarter last year, the company earned $0.70 earnings per share. As a group, equities research analysts anticipate that AGNC Investment Corp. will post 2.16 EPS for the current year.

AGNC Investment Dividend Announcement

The business also recently declared a apr 24 dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 30th will be issued a $0.12 dividend. This represents a dividend yield of 15.4%. The ex-dividend date is Monday, April 29th. AGNC Investment’s dividend payout ratio is currently 14,414.41%.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).