Corient Private Wealth LP purchased a new position in shares of AGNC Investment Corp. (NASDAQ:AGNC – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 117,933 shares of the real estate investment trust’s stock, valued at approximately $1,286,000.
Several other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in AGNC Investment in the second quarter worth approximately $77,501,000. Freestone Grove Partners LP bought a new position in shares of AGNC Investment in the second quarter worth about $2,196,000. Odyssean LLC bought a new position in AGNC Investment in the 2nd quarter worth approximately $1,316,000. Jupiter Topco LLC acquired a new position in AGNC Investment during the 2nd quarter valued at $5,300,000. Finally, Hsbc Holdings PLC acquired a new position in shares of AGNC Investment during the second quarter valued at about $362,000. 38.28% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $11.00, for a total value of $55,000.00. Following the completion of the sale, the executive vice president owned 406,947 shares in the company, valued at $4,476,417. The trade was a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.
AGNC Investment Price Performance
AGNC Investment (NASDAQ:AGNC – Get Free Report) last released its quarterly earnings data on Monday, July 20th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. AGNC Investment had a return on equity of 17.96% and a net margin of 57.94%.The company had revenue of $305.00 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm posted ($0.17) earnings per share. Analysts expect that AGNC Investment Corp. will post 1.6 earnings per share for the current year.
AGNC Investment Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 31st will be given a dividend of $0.12 per share. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a yield of 13.5%. AGNC Investment’s dividend payout ratio (DPR) is presently 75.79%.
Wall Street Analysts Forecast Growth
AGNC has been the subject of several research reports. Weiss Ratings raised AGNC Investment from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Wells Fargo & Company dropped their price target on AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Piper Sandler increased their price target on shares of AGNC Investment from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Keefe, Bruyette & Woods lowered their target price on shares of AGNC Investment from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. reaffirmed 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. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.11.
Get Our Latest Research Report on AGNC
AGNC Investment Profile
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.
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