Bernice Bell Sells 5,000 Shares of AGNC Investment (NASDAQ:AGNC) Stock

AGNC Investment Corp. (NASDAQ:AGNC) EVP Bernice Bell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total transaction of $55,000.00. Following the completion of the transaction, the executive vice president owned 406,947 shares of the company’s stock, valued at approximately $4,476,417. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

AGNC Investment Trading Down 2.4%

AGNC opened at $10.66 on Friday. The business’s 50 day moving average is $10.67 and its 200-day moving average is $10.81. The stock has a market cap of $12.24 billion, a PE ratio of 5.61 and a beta of 1.31. AGNC Investment Corp. has a twelve month low of $9.31 and a twelve month high of $12.19.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a return on equity of 18.20% and a net margin of 57.94%.The business had revenue of $305.00 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company posted ($0.17) EPS. As a group, analysts forecast that AGNC Investment Corp. will post 1.6 EPS for the current year.

AGNC Investment Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date is Friday, July 31st. AGNC Investment’s payout ratio is 75.79%.

Hedge Funds Weigh In On AGNC Investment

Hedge funds have recently modified their holdings of the company. Avion Wealth lifted its holdings in shares of AGNC Investment by 286.3% in the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,021 shares during the period. Sound Income Strategies LLC boosted its stake in AGNC Investment by 61.1% during the fourth quarter. Sound Income Strategies LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,048 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in AGNC Investment during the fourth quarter worth about $33,000. National Bank of Canada FI grew its holdings in AGNC Investment by 100.9% during the third 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. Finally, WealthCollab LLC bought a new stake in AGNC Investment in the third quarter worth about $33,000. 38.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AGNC has been the topic of a number of research analyst reports. Piper Sandler raised their price target on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Wells Fargo & Company reduced their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Compass Point lowered shares of AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research report on Friday, July 17th. Wall Street Zen raised shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, AGNC Investment presently has a consensus rating of “Hold” and an average price target of $11.11.

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.