AGNC Investment Corp. $AGNC Stock: Equity Investment Corp Trims Position

Equity Investment Corp lessened its stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 23.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,422,910 shares of the real estate investment trust’s stock after selling 2,313,134 shares during the quarter. Equity Investment Corp owned about 0.58% of AGNC Investment worth $67,326,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AGNC. Handelsbanken Fonder AB raised its stake 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 in the last quarter. Wedmont Private Capital lifted its position in AGNC Investment by 1.4% in the second quarter. Wedmont Private Capital now owns 73,805 shares of the real estate investment trust’s stock valued at $821,000 after acquiring an additional 988 shares during the last quarter. Spinnaker Investment Group LLC boosted its stake in AGNC Investment by 1.4% in 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 acquiring an additional 1,014 shares in the last quarter. NWF Advisory Services Inc. boosted its stake in AGNC Investment by 8.2% in the second quarter. NWF Advisory Services Inc. now owns 13,475 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 1,026 shares in the last quarter. Finally, World Investment Advisors boosted its stake in AGNC Investment by 5.5% in the first quarter. World Investment Advisors now owns 20,528 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 1,064 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Insider Buying and Selling

In other news, CEO Peter Federico sold 67,794 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $8.87, for a total value of $601,332.78. Following the completion of the sale, the chief executive officer directly owned 1,846,083 shares of the company’s stock, valued at approximately $16,374,756.21. This represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AGNC. Weiss Ratings lowered AGNC Investment from a “hold (c+)” rating to a “sell (d+)” rating in a report on Friday, October 30th. Piper Sandler reduced their target price on AGNC Investment from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Compass Point downgraded 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. Wall Street Zen cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. Finally, Keefe, Bruyette & Woods dropped their price target 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. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, AGNC Investment presently has a consensus rating of “Hold” and an average price target of $10.12.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $8.74 on Wednesday. The firm’s fifty day simple moving average is $9.29 and its 200-day simple moving average is $10.40. The stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 874.87 and a beta of 1.40. AGNC Investment Corp. has a 12 month low of $8.38 and a 12 month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, October 19th. The real estate investment trust reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.06 billion. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. Analysts anticipate that AGNC Investment Corp. will post 1.56 earnings per share for the current year.

AGNC Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th were paid a $0.12 dividend. The ex-dividend date was Friday, October 30th. This represents a $1.44 dividend on an annualized basis and a yield of 16.5%. AGNC Investment’s payout ratio is currently 14,400.00%.

About AGNC Investment

AGNC Investment Corp. is a mortgage real estate investment trust that focuses primarily on investing in agency residential mortgage-backed securities. These securities are backed by mortgages and carry guarantees or support from U.S. government agencies or government-sponsored enterprises. The company’s portfolio includes mortgage pass-through securities and collateralized mortgage obligations. AGNC finances its investments and uses hedging strategies to manage risks associated with interest rates and mortgage markets.