AGNC Investment Corp. $AGNC Position Trimmed by Waterfront Wealth Inc.

Waterfront Wealth Inc. decreased its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 46.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 95,461 shares of the real estate investment trust’s stock after selling 81,719 shares during the quarter. Waterfront Wealth Inc.’s holdings in AGNC Investment were worth $957,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AGNC. GoalVest Advisory LLC acquired a new stake in shares of AGNC Investment during the 4th quarter valued at $26,000. Sound Income Strategies LLC raised its position in shares of AGNC Investment by 61.1% during the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,048 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of AGNC Investment during the fourth quarter worth $33,000. MassMutual Private Wealth & Trust FSB increased its stake in AGNC Investment by 110.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,251 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,708 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,690 shares during the period. Institutional investors own 38.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AGNC. UBS Group raised their target price on shares of AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Wall Street Zen raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $12.00 target price on shares of AGNC Investment in a research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of AGNC Investment in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. dropped their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, AGNC Investment presently has an average rating of “Hold” and an average target price of $11.25.

Insider Buying and Selling at AGNC Investment

In related news, CEO Peter J. Federico sold 64,412 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total transaction of $713,684.96. Following the completion of the sale, the chief executive officer directly owned 1,927,083 shares in the company, valued at approximately $21,352,079.64. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Donna Blank sold 22,000 shares of AGNC Investment stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total value of $237,160.00. Following the sale, the director directly owned 96,471 shares of the company’s stock, valued at approximately $1,039,957.38. The trade was a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 215,234 shares of company stock valued at $2,364,022. 0.40% of the stock is owned by corporate insiders.

AGNC Investment Price Performance

AGNC traded up $0.06 on Friday, reaching $11.13. 12,142,136 shares of the company traded hands, compared to its average volume of 14,685,414. The stock’s 50 day moving average price is $10.55 and its 200-day moving average price is $10.81. AGNC Investment Corp. has a 52-week low of $9.11 and a 52-week high of $12.19. The company has a market cap of $12.78 billion, a price-to-earnings ratio of 9.20 and a beta of 1.31.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. The firm had revenue of ($114.00) million for the quarter, compared to analyst estimates of $411.57 million. As a group, equities research analysts forecast that AGNC Investment Corp. will post 1.56 earnings per share for the current fiscal year.

AGNC Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. AGNC Investment’s dividend payout ratio is 119.01%.

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.