WESPAC Advisors SoCal LLC Buys Shares of 86,532 AGNC Investment Corp. $AGNC

WESPAC Advisors SoCal LLC purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the first quarter, Holdings Channel.com reports. The fund purchased 86,532 shares of the real estate investment trust’s stock, valued at approximately $868,000.

Several other hedge funds have also made changes to their positions in AGNC. Wealthspire Advisors LLC boosted its stake in shares of AGNC Investment by 0.9% in the fourth quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock valued at $1,118,000 after purchasing an additional 907 shares during the period. Choreo LLC grew its holdings in shares of AGNC Investment by 5.0% in the third quarter. Choreo LLC now owns 20,784 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 985 shares in the last quarter. Lido Advisors LLC increased its stake in AGNC Investment by 10.4% during the 4th quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 1,046 shares during the period. Sound Income Strategies LLC increased its stake in AGNC Investment by 61.1% during the 4th quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,048 shares during the period. Finally, Motiv8 Investments LLC lifted its holdings in AGNC Investment by 6.0% during the 4th quarter. Motiv8 Investments LLC now owns 18,621 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 1,049 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $10.38 on Friday. AGNC Investment Corp. has a 52-week low of $9.05 and a 52-week high of $12.19. The company has a market capitalization of $11.92 billion, a P/E ratio of 8.58 and a beta of 1.32. The company has a 50 day moving average of $10.53 and a 200 day moving average of $10.76.

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

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 13.9%. AGNC Investment’s dividend payout ratio (DPR) is currently 119.01%.

Insiders Place Their Bets

In other AGNC Investment 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 transaction of $237,160.00. Following the completion of the sale, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter J. Federico sold 64,412 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $11.08, for a total value of $713,684.96. Following the transaction, the chief executive officer directly owned 1,927,083 shares of the company’s stock, valued at approximately $21,352,079.64. This represents a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 215,234 shares of company stock worth $2,364,022. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AGNC shares. Weiss Ratings restated a “hold (c)” rating on shares of AGNC Investment in a research note on Friday, March 27th. JPMorgan Chase & Co. cut their price objective 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. Royal Bank Of Canada reiterated an “outperform” rating and issued a $12.00 price objective on shares of AGNC Investment in a research note on Friday, April 24th. UBS Group lifted their target price on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Piper Sandler restated an “overweight” rating on shares of AGNC Investment in a report on Thursday, June 4th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.06.

AGNC Investment Company 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.