Choreo LLC Sells 23,087 Shares of AGNC Investment Corp. (NASDAQ:AGNC)

Choreo LLC trimmed its holdings in AGNC Investment Corp. (NASDAQ:AGNC) by 51.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,903 shares of the real estate investment trust’s stock after selling 23,087 shares during the period. Choreo LLC’s holdings in AGNC Investment were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sei Investments Co. boosted its holdings in shares of AGNC Investment by 10.0% in the fourth quarter. Sei Investments Co. now owns 408,004 shares of the real estate investment trust’s stock worth $3,758,000 after acquiring an additional 37,150 shares during the period. LPL Financial LLC boosted its stake in AGNC Investment by 11.9% in the 4th quarter. LPL Financial LLC now owns 1,238,895 shares of the real estate investment trust’s stock worth $11,410,000 after purchasing an additional 131,954 shares during the period. Norges Bank purchased a new position in AGNC Investment during the 4th quarter valued at about $87,269,000. New Age Alpha Advisors LLC purchased a new position in AGNC Investment during the 4th quarter valued at about $124,000. Finally, Pictet Asset Management Holding SA increased its position in shares of AGNC Investment by 15.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 110,443 shares of the real estate investment trust’s stock valued at $1,017,000 after buying an additional 14,922 shares during the period. Institutional investors own 38.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AGNC shares. UBS Group raised their price objective on shares of AGNC Investment from $8.50 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, July 10th. Royal Bank Of Canada cut their price target on shares of AGNC Investment from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Wall Street Zen cut shares of AGNC Investment from a “hold” rating to a “sell” rating in a report on Tuesday, May 6th. Wells Fargo & Company lowered their price objective on AGNC Investment from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on AGNC Investment from $9.50 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.58.

Insider Activity at AGNC Investment

In other AGNC Investment news, Director Donna Blank sold 17,218 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $8.67, for a total value of $149,280.06. Following the completion of the sale, the director owned 90,345 shares of the company’s stock, valued at $783,291.15. This represents a 16.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John D. Fisk sold 20,278 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $9.65, for a total transaction of $195,682.70. Following the transaction, the director owned 112,685 shares in the company, valued at $1,087,410.25. The trade was a 15.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,496 shares of company stock valued at $450,673. Corporate insiders own 0.42% of the company’s stock.

AGNC Investment Price Performance

AGNC stock opened at $9.60 on Thursday. The firm has a 50 day simple moving average of $9.27 and a two-hundred day simple moving average of $9.45. The stock has a market cap of $9.80 billion, a PE ratio of 28.24 and a beta of 1.28. AGNC Investment Corp. has a one year low of $7.85 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28.

AGNC Investment (NASDAQ:AGNC) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). The company had revenue of $830.00 million during the quarter, compared to analysts’ expectations of $447.37 million. AGNC Investment had a return on equity of 19.63% and a net margin of 11.50%. During the same quarter last year, the firm posted $0.53 earnings per share. On average, analysts predict that AGNC Investment Corp. will post 1.61 EPS for the current fiscal year.

AGNC Investment Announces Dividend

The company also recently disclosed a jul 25 dividend, which will be paid on Monday, August 11th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a dividend yield of 15.2%. AGNC Investment’s dividend payout ratio (DPR) is presently 423.53%.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).