Equity Investment Corp Buys New Position in AGNC Investment Corp. $AGNC

Equity Investment Corp acquired a new stake in shares of AGNC Investment Corp. (NASDAQ:AGNC) during the second quarter, Holdings Channel reports. The fund acquired 9,736,044 shares of the real estate investment trust’s stock, valued at approximately $106,123,000. AGNC Investment comprises about 2.0% of Equity Investment Corp’s portfolio, making the stock its 27th biggest position.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Avion Wealth boosted its position in shares of AGNC Investment by 286.3% in the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 2,021 shares during the period. N.E.W. Advisory Services LLC bought a new position in AGNC Investment during the second quarter worth $28,000. National Bank of Canada FI lifted its position in shares of AGNC Investment by 100.9% in 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 acquiring an additional 1,690 shares during the period. WealthCollab LLC bought a new stake in AGNC Investment in the third quarter valued at about $33,000. Finally, Financial Life Planners acquired a new position in AGNC Investment during the first quarter worth $37,000. 38.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AGNC has been the subject of a number of research analyst reports. Wall Street Zen raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Piper Sandler upped their price target on AGNC Investment from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Wells Fargo & Company cut their price target on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Compass Point downgraded shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research report on Friday, July 17th. Finally, UBS Group increased their target price on AGNC Investment from $10.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, AGNC Investment presently has a consensus rating of “Hold” and an average target price of $11.11.

Insider Transactions at AGNC Investment

In other news, EVP Bernice Bell sold 5,000 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president directly owned 406,947 shares of the company’s stock, valued at approximately $4,476,417. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

AGNC Investment Stock Down 0.3%

Shares of NASDAQ AGNC opened at $10.92 on Wednesday. The firm has a market cap of $12.95 billion, a PE ratio of 5.75 and a beta of 1.32. AGNC Investment Corp. has a 12-month low of $9.59 and a 12-month high of $12.19. The company’s fifty day simple moving average is $10.79 and its 200 day simple moving average is $10.72.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The business had revenue of $305.00 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned ($0.17) EPS. On average, equities analysts predict that AGNC Investment Corp. will post 1.6 earnings per share for the current year.

AGNC Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 13.2%. AGNC Investment’s payout ratio is presently 75.79%.

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.