AGNC Investment (NASDAQ:AGNC) EVP Kenneth Pollack Sells 50,000 Shares

AGNC Investment Corp. (NASDAQ:AGNC) EVP Kenneth Pollack sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $12.11, for a total value of $605,500.00. Following the transaction, the executive vice president owned 552,297 shares of the company’s stock, valued at approximately $6,688,316.67. This represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

AGNC Investment Price Performance

NASDAQ:AGNC traded down $0.57 during midday trading on Friday, hitting $11.40. 40,406,857 shares of the stock were exchanged, compared to its average volume of 22,690,707. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $12.19. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $10.96 and a two-hundred day moving average price of $10.25. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 8.14 and a beta of 1.36.

AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Monday, January 26th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The business had revenue of $995.00 million for the quarter, compared to the consensus estimate of $354.75 million. AGNC Investment had a return on equity of 19.13% and a net margin of 47.40%. Sell-side analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current year.

AGNC Investment Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date is Friday, January 30th. AGNC Investment’s payout ratio is presently 102.86%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Piper Sandler increased their target price on AGNC Investment from $11.00 to $11.50 and gave the company an “overweight” rating in a report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of AGNC Investment in a research report on Monday, December 29th. Wells Fargo & Company increased their target price on shares of AGNC Investment from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank Of Canada upped their price target on shares of AGNC Investment from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Jones Trading downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.03.

Institutional Trading of AGNC Investment

Several institutional investors have recently bought and sold shares of the stock. Cozad Asset Management Inc. boosted its stake in shares of AGNC Investment by 59.0% during the 2nd quarter. Cozad Asset Management Inc. now owns 181,459 shares of the real estate investment trust’s stock worth $1,668,000 after buying an additional 67,355 shares during the last quarter. Bogart Wealth LLC grew its position in AGNC Investment by 78.0% during the second quarter. Bogart Wealth LLC now owns 3,650 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,600 shares in the last quarter. Global Retirement Partners LLC bought a new position in AGNC Investment during the 2nd quarter worth $325,000. Delphi Financial Group Inc. acquired a new stake in AGNC Investment in the second quarter valued at about $574,000. Finally, Quantbot Technologies LP bought a new stake in shares of AGNC Investment during the second quarter worth $6,170,000. Institutional investors and hedge funds own 38.28% of the company’s stock.

About AGNC Investment

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.