AGNC Investment Corp. $AGNC Shares Bought by Harbour Investments Inc.

Harbour Investments Inc. raised its position in AGNC Investment Corp. (NASDAQ:AGNC) by 18.3% during the 2nd quarter, Holdings Channel reports. The firm owned 44,101 shares of the real estate investment trust’s stock after acquiring an additional 6,807 shares during the quarter. Harbour Investments Inc.’s holdings in AGNC Investment were worth $405,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of AGNC Investment by 3.0% in the first quarter. Vanguard Group Inc. now owns 85,779,209 shares of the real estate investment trust’s stock valued at $821,765,000 after acquiring an additional 2,462,337 shares in the last quarter. Kingstone Capital Partners Texas LLC lifted its position in shares of AGNC Investment by 241,567.4% in the second quarter. Kingstone Capital Partners Texas LLC now owns 46,388,062 shares of the real estate investment trust’s stock valued at $446,651,000 after acquiring an additional 46,368,867 shares in the last quarter. Equity Investment Corp lifted its position in shares of AGNC Investment by 8.2% in the first quarter. Equity Investment Corp now owns 7,395,081 shares of the real estate investment trust’s stock valued at $70,845,000 after acquiring an additional 562,700 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of AGNC Investment by 21.1% in the first quarter. Natixis Advisors LLC now owns 4,318,354 shares of the real estate investment trust’s stock valued at $41,370,000 after acquiring an additional 752,201 shares in the last quarter. Finally, Davidson Investment Advisors lifted its position in shares of AGNC Investment by 3.0% in the first quarter. Davidson Investment Advisors now owns 3,428,281 shares of the real estate investment trust’s stock valued at $32,843,000 after acquiring an additional 101,011 shares in the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

Wall Street Analysts Forecast Growth

AGNC has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price objective on AGNC Investment from $9.50 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Piper Sandler upped their price objective on AGNC Investment from $10.00 to $10.50 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Weiss Ratings restated a “hold (c-)” rating on shares of AGNC Investment in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on AGNC Investment from $9.50 to $10.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, UBS Group lifted their price target on AGNC Investment from $9.50 to $9.75 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.96.

AGNC Investment Price Performance

Shares of AGNC Investment stock opened at $10.10 on Tuesday. The business’s fifty day moving average price is $9.92 and its 200 day moving average price is $9.38. AGNC Investment Corp. has a twelve month low of $7.85 and a twelve month high of $10.63. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $10.52 billion, a P/E ratio of 29.71 and a beta of 1.32.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, October 20th. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $466.39 million. AGNC Investment had a return on equity of 19.32% and a net margin of 11.50%.During the same quarter last year, the business earned $0.43 earnings per share. As a group, research analysts anticipate that AGNC Investment Corp. will post 1.61 earnings per share for the current year.

AGNC Investment Announces Dividend

The company also recently disclosed a oct 25 dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be issued a $0.12 dividend. This represents a dividend yield of 1,417.0%. The ex-dividend date is Friday, October 31st. AGNC Investment’s dividend payout ratio (DPR) is 423.53%.

Insider Transactions at AGNC Investment

In other news, Director John D. Fisk sold 20,278 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $9.65, for a total value of $195,682.70. Following the transaction, the director directly owned 112,685 shares in the company, valued at $1,087,410.25. This trade represents a 15.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul E. Mullings sold 11,000 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $9.61, for a total value of $105,710.00. Following the completion of the transaction, the director owned 128,511 shares in the company, valued at approximately $1,234,990.71. This trade represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

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).