NewEdge Advisors LLC boosted its holdings in shares of AGNC Investment Corp. (NASDAQ:AGNC – Free Report) by 132.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,763 shares of the real estate investment trust’s stock after acquiring an additional 72,831 shares during the period. NewEdge Advisors LLC’s holdings in AGNC Investment were worth $1,281,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Avion Wealth lifted its stake in AGNC Investment by 286.3% in the 1st quarter. Avion Wealth now owns 2,727 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 2,021 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of AGNC Investment by 100.9% during the 3rd quarter. National Bank of Canada FI now owns 3,365 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,690 shares during the last quarter. WealthCollab LLC purchased a new stake in shares of AGNC Investment in the third quarter valued at approximately $33,000. Financial Life Planners purchased a new stake in shares of AGNC Investment in the first quarter valued at approximately $37,000. Finally, WFA of San Diego LLC acquired a new stake in shares of AGNC Investment in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 38.28% of the company’s stock.
AGNC Investment Price Performance
Shares of AGNC stock opened at $10.96 on Monday. AGNC Investment Corp. has a 1-year low of $9.57 and a 1-year high of $12.19. The firm has a market cap of $12.99 billion, a PE ratio of 5.77 and a beta of 1.32. The company has a 50-day moving average of $10.76 and a two-hundred day moving average of $10.74.
AGNC Investment Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be issued a $0.12 dividend. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date is Monday, August 31st. AGNC Investment’s dividend payout ratio (DPR) is 75.79%.
Insider Transactions at AGNC Investment
In other AGNC Investment news, EVP Bernice Bell sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $11.00, for a total value of $55,000.00. Following the sale, the executive vice president owned 406,947 shares of the company’s stock, valued at $4,476,417. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
AGNC has been the subject of several analyst reports. Weiss Ratings upgraded AGNC Investment from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Wall Street Zen upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.50 price target (up from $11.00) on shares of AGNC Investment in a research report on Friday, July 17th. Keefe, Bruyette & Woods dropped their price objective 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, Wells Fargo & Company dropped their price objective on shares of AGNC Investment from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.11.
Get Our Latest Stock Analysis on AGNC Investment
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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