Donna Blank Sells 22,000 Shares of AGNC Investment (NASDAQ:AGNC) Stock

AGNC Investment Corp. (NASDAQ:AGNC) Director Donna Blank sold 22,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $10.78, for a total transaction of $237,160.00. Following the completion of the sale, the director owned 96,471 shares in the company, valued at approximately $1,039,957.38. This trade represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

AGNC Investment Trading Up 1.3%

Shares of AGNC opened at $10.86 on Friday. The firm has a market cap of $12.47 billion, a P/E ratio of 8.98 and a beta of 1.35. AGNC Investment Corp. has a 12-month low of $8.65 and a 12-month high of $12.19. The company’s 50-day moving average price is $10.56 and its 200 day moving average price is $10.73.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of ($114.00) million for the quarter, compared to analyst estimates of $411.57 million. AGNC Investment had a net margin of 39.50% and a return on equity of 18.31%. Equities research analysts forecast that AGNC Investment Corp. will post 1.56 earnings per share for the current year.

AGNC Investment Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 9th. Investors of record on Friday, May 29th will be issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date is Friday, May 29th. AGNC Investment’s payout ratio is 119.01%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AGNC. UBS Group lifted their target price on AGNC Investment from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Wells Fargo & Company lifted their target price on AGNC Investment from $10.00 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. JonesTrading downgraded AGNC Investment from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $12.00 target price on shares of AGNC Investment in a research report on Friday, April 24th. Finally, Wall Street Zen raised AGNC Investment from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, AGNC Investment currently has a consensus rating of “Hold” and an average price target of $11.06.

Hedge Funds Weigh In On AGNC Investment

Institutional investors have recently bought and sold shares of the company. GoalVest Advisory LLC acquired a new position in shares of AGNC Investment during the fourth quarter worth about $26,000. Avion Wealth increased its stake in shares of AGNC Investment by 286.3% during the first quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 2,021 shares during the period. Sound Income Strategies LLC increased its stake in shares of 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 worth $30,000 after buying an additional 1,048 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in AGNC Investment in the third quarter valued at approximately $29,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in AGNC Investment in the fourth quarter valued at approximately $33,000. 38.28% of the stock is owned by institutional investors and hedge funds.

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.