67,883 AGNC Investment Corp. $AGNC Shares Sold by Simplify Asset Management Inc.

Simplify Asset Management Inc. trimmed its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 58.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,602 shares of the real estate investment trust’s stock after selling 67,883 shares during the period. Simplify Asset Management Inc.’s holdings in AGNC Investment were worth $432,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AGNC. BlackRock Inc. purchased a new position in shares of AGNC Investment in the second quarter worth about $704,076,000. Equity Investment Corp bought a new stake in shares of AGNC Investment in the 2nd quarter valued at about $106,123,000. Bank of America Corp DE purchased a new stake in AGNC Investment during the 2nd quarter valued at about $77,501,000. Bank of New York Mellon Corp purchased a new stake in AGNC Investment during the 2nd quarter valued at about $40,182,000. Finally, Advisors Capital Management LLC purchased a new stake in AGNC Investment during the 2nd quarter valued at about $35,421,000. 38.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several recent research reports. Weiss Ratings lowered AGNC Investment from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Keefe, Bruyette & Woods lowered their price objective on AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Compass Point lowered AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective for the company. in a research note on Friday, July 17th. Wall Street Zen cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Finally, Royal Bank Of Canada decreased their target price on shares of AGNC Investment from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 21st. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.12.

Insider Buying and Selling

In other AGNC Investment news, CEO Peter Federico sold 67,794 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $8.87, for a total transaction of $601,332.78. Following the completion of the transaction, the chief executive officer owned 1,846,083 shares of the company’s stock, valued at $16,374,756.21. This represents a 3.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.40% of the stock is owned by insiders.

AGNC Investment Trading Down 0.1%

AGNC stock opened at $8.86 on Thursday. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 886.89 and a beta of 1.36. The firm’s 50-day moving average price is $9.67 and its two-hundred day moving average price is $10.53. AGNC Investment Corp. has a 12-month low of $8.38 and a 12-month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Monday, October 19th. The real estate investment trust reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.06 billion. AGNC Investment had a net margin of 2.45% and a return on equity of 18.74%. Equities analysts predict that AGNC Investment Corp. will post 1.58 EPS for the current year.

AGNC Investment Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a yield of 16.3%. The ex-dividend date is Friday, October 30th. AGNC Investment’s payout ratio is currently 14,400.00%.

About AGNC Investment

AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage pass-through securities and collateralized mortgage obligations for which principal and interest payments are guaranteed by a U.S. government-sponsored enterprise or a U.S. government agency. These investments are commonly referred to as agency mortgage-backed securities.

The company seeks to generate income through the difference between the yield on its investment portfolio and its borrowing costs, while managing interest-rate, prepayment and other market risks.