LRI Investments LLC Acquires 1,569 Shares of AGNC Investment Corp. $AGNC

LRI Investments LLC lifted its position in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 40.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,496 shares of the real estate investment trust’s stock after purchasing an additional 1,569 shares during the period. LRI Investments LLC’s holdings in AGNC Investment were worth $51,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of AGNC Investment by 3.0% during the first quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust’s stock valued at $821,765,000 after purchasing an additional 2,462,337 shares in the last quarter. Kingstone Capital Partners Texas LLC lifted its position in shares of AGNC Investment by 241,567.4% during the second quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust’s stock valued at $446,651,000 after purchasing an additional 46,368,867 shares in the last quarter. Equity Investment Corp lifted its position in shares of AGNC Investment by 8.2% during the first quarter. Equity Investment Corp now owns 7,395,081 shares of the real estate investment trust’s stock valued at $70,845,000 after purchasing an additional 562,700 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of AGNC Investment by 21.1% during the first quarter. Natixis Advisors LLC now owns 4,318,354 shares of the real estate investment trust’s stock valued at $41,370,000 after purchasing an additional 752,201 shares in the last quarter. Finally, Davidson Investment Advisors lifted its position in shares of AGNC Investment by 3.0% during the first quarter. Davidson Investment Advisors now owns 3,428,281 shares of the real estate investment trust’s stock valued at $32,843,000 after purchasing an additional 101,011 shares in the last quarter. 38.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AGNC. Keefe, Bruyette & Woods raised their price target on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AGNC Investment in a research report on Wednesday, October 8th. Piper Sandler lifted their price objective on shares of AGNC Investment from $10.00 to $10.50 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Jones Trading reaffirmed a “buy” rating and issued a $9.50 price objective on shares of AGNC Investment in a research report on Tuesday, July 22nd. Finally, UBS Group lifted their price objective on shares of AGNC Investment from $9.50 to $9.75 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, AGNC Investment has a consensus rating of “Moderate Buy” and an average target price of $9.75.

Insider Activity

In other news, Director Paul E. Mullings sold 11,000 shares of AGNC Investment stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the transaction, the director owned 128,511 shares in the company, valued at $1,234,990.71. This trade represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John D. Fisk sold 20,278 shares of AGNC Investment stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $9.65, for a total transaction of $195,682.70. Following the completion of the transaction, the director owned 112,685 shares of the company’s stock, valued at $1,087,410.25. The trade was a 15.25% decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

AGNC Investment Price Performance

AGNC opened at $9.99 on Tuesday. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 29.38 and a beta of 1.32. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $9.87 and a 200-day moving average price of $9.36. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.63.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.04). The business had revenue of $830.00 million during the quarter, compared to analysts’ expectations of $447.37 million. AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.During the same quarter in the previous year, the business earned $0.53 EPS. Equities analysts expect that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently announced a oct 25 dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be paid a $0.12 dividend. The ex-dividend date is Friday, October 31st. This represents a dividend yield of 1,417.0%. AGNC Investment’s dividend payout ratio (DPR) is presently 423.53%.

AGNC Investment Company Profile

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).