Davidson Investment Advisors Sells 652,822 Shares of AGNC Investment Corp. $AGNC

Davidson Investment Advisors cut its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC) by 16.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,371,067 shares of the real estate investment trust’s stock after selling 652,822 shares during the period. AGNC Investment comprises approximately 1.5% of Davidson Investment Advisors’ portfolio, making the stock its 16th largest position. Davidson Investment Advisors’ holdings in AGNC Investment were worth $36,745,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its position in AGNC Investment by 0.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 353,300 shares of the real estate investment trust’s stock valued at $3,851,000 after acquiring an additional 900 shares during the period. Wealthspire Advisors LLC lifted its holdings in shares of AGNC Investment by 0.9% during the fourth quarter. Wealthspire Advisors LLC now owns 104,287 shares of the real estate investment trust’s stock worth $1,118,000 after purchasing an additional 907 shares during the period. Davidson Trust Co. lifted its holdings in shares of AGNC Investment by 4.4% during the first quarter. Davidson Trust Co. now owns 23,341 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 985 shares during the period. Spinnaker Investment Group LLC grew its stake in shares of AGNC Investment by 1.4% in the second quarter. Spinnaker Investment Group LLC now owns 75,595 shares of the real estate investment trust’s stock worth $824,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Lido Advisors LLC grew its stake in shares of AGNC Investment by 10.4% in the fourth quarter. Lido Advisors LLC now owns 11,152 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 1,046 shares during the last quarter. 38.28% of the stock is owned by institutional investors.

Insider Activity

In related news, 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 sale, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. This represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.

AGNC Investment Stock Down 0.4%

AGNC opened at $10.90 on Friday. AGNC Investment Corp. has a twelve month low of $9.62 and a twelve month high of $12.19. The company has a fifty day moving average of $10.88 and a 200-day moving average of $10.69. The stock has a market cap of $12.92 billion, a PE ratio of 5.74 and a beta of 1.32.

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

AGNC Investment Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AGNC. Weiss Ratings raised AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Piper Sandler upped their price target on AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research note on Friday, July 17th. 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. Finally, Compass Point lowered AGNC Investment from a “buy” rating to a “neutral” rating and set a $11.50 price objective on the stock. in a research note on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock 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.